Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
UnDerDoG81
on 22/06/2021, 15:17:36 UTC
I dont know about you guys but I feel like it's all over 2013 again. A feeling of capitulation where I said fuck you bears I chose to go down with the ship instead of selling now. We might go to low 20s but I take out all my cryptos from exchanges now. Will not sell anything. And if I have to wait another 4 years, so it might be.

I think this time is different, due to inflation we will reach ATH within a few months, specifically mass adoption of Bitcoin under the threat of hyperinflation. Speculating further into the future, we will reach a point when 1 BTC truly is 1 BTC because even USD (and any other fiat currency) will be useless. In this scenario you will have a choice; pay 10k USD for a bic mac or a few sats.

I mean my personal capitulation point. I also expect a run on the end of the year. But I doubt recovery is possible within next days/weeks. Any time there is a bit of a relief rally the sell pressure will start.