My target price for Bitcoin is 15K-20K during the next few weeks. The party is clearly over, and investors should consider liquidating anything related to Bitcoin or short it.
Recent collapse proves that Bitcoin isn't a safe haven, store of value, or a hedge against inflation/market correction, but a speculative token that can go down 50% in a week
That's a bit debatable because if you hodl your bitcoin for long-term pretty sure that you will be able to hedge your wealth against inflation but if you are on a short-term then it becomes speculative so in a way, it's a bit of both.
You make little sense Lorence in your attempt to make kuldipgajjar appear to be reasonable.
In essence, kuldipgajjar is making a bet on one direction (which of course is down), and also making quite a few negative assertions regarding where bitcoin is at currently.
The ONLY way that kuldipgajjar will come out potentially good in this kind of situation (presuming that his actions are somewhat matched with his words) is if he ends up being correct, which seems to be a bit of a long shot, currently.
Sure, anything could happen, so kuldipgajjar, could end up betting correct on seemingly longshot circumstances, and really with his seemingly pessimistic framing of BTC, even if it were to dip down to his target zone, from his already stated words, he seems to hold little to no confidence in BTC as an investment, so why would anyone like him all of a sudden have confidence to buy in the $15k to $20k price arena.. I surely have my doubts.. but anyhow, we are hardly likely at all to even find out, so who really cares. On the other hand, if BTC prices dip below $25k, then perhaps then we might be able to take $15k to $20k prices seriously, but even that is not seeming too likely.. but sure, I would be willing to more seriously consider $15k to $20k as being within striking distances were we to get prices below $25k in the coming months...
I am currently thinking that more likely seems that we will witness BTC prices above $50k before we are seeing BTC prices below $25k..