Post
Topic
Board Speculation
Re: Btc ath february 2022
by
slaman29
on 20/12/2021, 12:30:04 UTC
It’s hard to say whether it will hit ATH in Febrarury. Remember 2018? Everybody assumed that in Q1 2022 it would go to a new ATH however what happened was a massive dump led by tax selling.

People had huge gains in 2017 just like in 2021 and in April their taxes are due. They go to an accountant and are presented with a huge tax bill. To prevent being a tax liability they have no choice but to liquidate part of their crypto. When enough people do this, it might cause a big crash.

I totally remember 2018 and 2019. Everyone kept saying the floor had been reached over and over again. The trading channels I was in kept buying the dip especially for altcoins.

And then it got worse and worse. Bitcoin actually wasn't SO bad but I remember the shock when ETH went below $80 after enjoying $1400. Not to mention the total destruction of ICO coins lol