Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 02/06/2022, 18:04:07 UTC
⭐ Merited by dragonvslinux (2)
$30,000 definitely feels like the $6,000 point in 2018. We’re just here chilling, thinking this is the bottom & we can’t go any lower. I hope it is but if we test the lows I am going to buy with all I have.

Interesting times!

True, but...  $3k was not supposed to happen: it was caused by a black swan event when sort of a flash crash happened and we were back to ~$6k soon. So quite possible $6k was the true bottom. We will certainly never find out. Atm I don't see how we can go lower than $25k without something really apocalyptic like "US bans Bitcoin" which is btw totally possible because of the latest news of Russia embracing BTC. There's always old good zombie apocalypse for sure too...  Grin Grin Grin

Actually, we had a "natural" crash to 3k before the Covid crash, we hovered at 3k for 4 months. Covid was just a revisit to that 3k area.