Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivomm
on 05/02/2022, 14:39:17 UTC
...

I'm not sure but the market moving back to see 2018 same style so just need to waith and see what is next....

Impossible. There is no way we're going to repeat 2018. Not sure if you were in BTC back then but just to remind you the price went down around 70%. I'm not operating with exact numbers but just approximately 70% down from $40k is $12k. Don't think any mining could be profitable or long-term sustainable at that price. What could happen for the price to hit $12k today/this year: 1. USA/Russia/EU ban Bitcoin 2. Saylor/Grayscale, billionaires sell their stashes 3. Serious flaw found in BTC (quantum attack?) causing complete meltdown 4. World War 3 starts. So as you see I lied to you saying that it's impossible. A combination of these factors can lead to going really low, perhaps sub $10k. Is it possible? Yes. Is it likely? It's up to you to decide.  Cool
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Actually 70% from the 69K is $20700. This may happen only if some major catastrophe occurs. If Pussyn invades Ukraine, the markets will crash. But it may not affect Bitcoin as much. On the contrary, I think that the russians will realize that being banned from abroad banks transfers, the only option is to buy bitcoins. I think that we've had enough bear market already. The next bull run has just began and the bears don't have the resourses to hold it back any longer. Whoever had the guts to buy at 33K, congrats. For those that still wait for 20K and less - HFSP!