Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
⭐ Merited by JayJuanGee (1)
Bitcoin isn't finished going up. You are just too short sighted to see it. As I told you when you were preaching doom and gloom back in 2020, come back in a few years and zoom out on the charts and lets see where we are.
Not only him many others who don't understand it and the market working start speaking shit about it when the prices are down as we have seen bitcoin obituaries for the hundred times .The $3k bottom back in 2017-18 period was dead end for many people and we see lot of panic sell but what happened after that? Where is bitcoin at current rates even after falling 70-80% of value -$20k so if he could manage to see the charts this question would have not come up.I feel pity for those who tried to give away these statements when bitcoin is going down as they don't see US dollar losing its value over time and every market hitting hard but only bitcoin is option for them.When you will see after few years then regretting not investing at these prices will be only option left so be optimistic or don't invest in.Bitcoin going down by such a large amount has ENDED the dream of a lot of serious institutional money investing into Bitcoin. No large institution is going to invest real money into Bitcoin now that it has crashed by more than 66 % in less than a year.
Which company your are talking about exactly like MicroStrategy holds 129,218 BTC at the time and have not sold any of them and CEO Saylor is preety much optimistic about its growth and have said investing more at these dips.Speaking about El Salvador they are also holding onto the investment and Tesla have also not sold any of its investment so don't know what exactly you are saying about.
Simply repeating this nonsense that you've made up with absolutely zero evidence doesn't make it true. Every institution which invested in to bitcoin was 100% aware of the price volatility and still chose to invest. This dump is not a surprise to anyone except you it seems. You honestly believe that large financial institutions got to the multi-billion or even trillion dollar valuations they hold by buying at the top and then panic selling every dip? Lol.
They just speak what they have to without even doing market research for it and they are generally from those categories who have lost investing in bitcoin and couldn't hold during dips and panic sell so now telling others institutions are not holding bitcoin is just one of their myths.Ponzi Schemes simply do not survive crashes well...
Good thing bitcoin's not a Ponzi then. That probably explains why it has survived every other crash in its history.[/quote]
They will simply beleive that shitcoin is better and have the mindset bitcoin is ponzi scheme but they don't understand how decentralisation actually works and support of bitcoin is due to it's working and technical background so it could not be a ponzi scheme but there's no fun in explaining them.