Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For a long time now, I've had the plan to buy a new car for 1 Bitcoin.
Since Bitcoin is totally moving moving in the wrong direction, I washed my car today
Can I get a summary of the reason for this drop in price? I read some theories about Trump posting something on Twitter, but do people still listen to billionaires who have a huge interest in conventional dollars to protect?
Since Bitcoin is totally moving moving in the wrong direction, I washed my car today
Can I get a summary of the reason for this drop in price? I read some theories about Trump posting something on Twitter, but do people still listen to billionaires who have a huge interest in conventional dollars to protect?
I don't agree with your overall assessment, regarding bitcoin "totally" moving in the wrong direction.
You gotta zoom out a bit Loyce.
The main point remains that we had about a 3.5x BTC price increase in less than 3 months.
Therefore, currently we have BTC price consolidation and correction. That is not unusual, and no real explanation should be needed beyond attempts to explain or attempts to suggest some FUD, news or another is moving the BTC price, when at best the FUD, news or another is merely just exacerbating an already existing condition, which is a bit of a necessity to correct and consolidate before resuming our up... which means that we are largely moving in the right direction to buy one car with 1 BTC, depending on how nice of a car that you would like.
Surely, your car purchase now for 1BTC is going to be nicer than the car that you would have been able to obtain in the months before April 1, 2019... , which is progress, no?
In other words, we never get straight UP in BTC, so why presume NOW that there is anything wrong with BTC's current price dynamics based on what appears to be more or less normal BTC price correction and consolidation after a 3.5X price rise that occurred in less than 3 months?