Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different
I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?
Sub 1 dollars prices? That's something which I cannot even imagine happening unless all the countries decide to ban it . There are obvious potential in it and the users backing it are in millions and it will just grow in future . It might be a hard time now for cryptos due to above mentioned virus but it isn't permanent , all fiat currencies are suffering too . In conclusion I can say without doubt that it is a revolution in economics and not a failed project at all.