Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Subbir
on 06/02/2022, 10:36:49 UTC

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

I don't know bitcoin price is backed 2018 $10k or lower but the truth is bitcoin number of time breakouts is the top price for multiple factors,  bitcoin holder is always known as the time-to-time breakout top button.




Luckily after 8years bitcoin is the top market reacher product and valuable coin. hope bitcoin changed the global system for money transactions Tongue