Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aesma
on 19/12/2021, 16:11:40 UTC
⭐ Merited by JayJuanGee (1)
He means below 100$ surely ?

Doesn't make sense though. 10K$ might happen if some major event causes it, like a big whale getting arrested and the authorities getting the coins, something like that.

100$, that would be another kind of major : a successful attack on BTC, killing it. Buying at that price wouldn't make sense then, as it would be worthless, in fact you wouldn't even know if you were really getting the coins you would be buying.

You seem to not understand BTC too well if you believe that $10k or sub-$10k is meaningfully feasible.

But, hey, you do you.

Didn't you buy BTC at 9000$ a few weeks ago ? Maybe I remember wrong.

BTC dipping that low is unlikely, I agree with you, but not impossible. If a whale wanted to make it happen for some reason, selling say 50 000 BTC simultaneously across all major exchanges, that could do it. Now, I haven't researched this affirmation, you'd need to look at order books, estimate what bots would do, how much fiat/stablecoins are on exchanges that could add new orders. And also, what would be the reaction of others, it's likely to cause a panic, adding sell orders.