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?
I would like to start by asking you what you understand by the term 'failed project.' And what are your criteria of concluding a project to be a failed one?. Permit me to say that your understanding of Bitcoin to a failed project is totally flawed as Bitcoin grew in price from less than a dollar to almost 20,000 dollars and its currently being traded around 8,900 US dollars. Will you term such a project failed? Again it shocking to see people connect the correction in price of Bitcoin to the coronavirus outbreak when its obvious that this is just the typicalarket correction. As for the possibility of Bitcoin hitting zero, that is clearly not going to happen not after the mass adoption of Bitcoin currently sweeping through countries of the world.