Post
Topic
Board Economics
Re: BEEN IN THIS GAME FOR 6 YEARS
by
deisik
on 19/10/2019, 14:12:25 UTC
Hmm. So 0.1BTC minimum to hold? I only have 0.06shBTC. Okay because you sound like a wise man I will try to buy bitcoin again. Halving equals more scarce.

I have the same experience also in 2016 and 2017. Some of them laughed when bitcoin dropped big last 2018. Now they are thinking again that this might go back to $20,000. My belief is that bitcoin will slowly climb and break ATHs. These corrections are temporary. The future looks good

If the future looks so good (and bright), why is the sign yellow then?

Yellow is a warning color (with red reserved for immediate danger), so, if anything, it must be more like green. Regardless, if Bitcoin is to break its ATHs, it won't be a slow climb. If history teaches us anything, we went from measly 2k (seems more like outright pathetic now) to mind-boggling 20k in under half a year

Then we went vertical from a little over 3k to almost 14k (in less than 3 months). From this perspective, it is not a question of whether we will reach a new ATH (we will) or even how soon (sooner or later), but rather if we won't crash back after that. This is the question that we should concern ourselves with