Post
Topic
Board Economics
Merits 1 from 1 user
Re: if you think 18k btc is low wait until autumn ...
by
rby
on 27/06/2022, 12:30:44 UTC
⭐ Merited by Franctoshi (1)
<snip>

The fundamentals are not good for btc

Ask yourself this question:

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...


It must not be 18,000 USD. With $10 you can own a fraction of bitcoin. So, it's not a must that you will own a whole bitcoin and neither is it compulsory that you will even own a fraction of it.

You alleged that the crop on btc was collected at 60k, that the apple tree is is dying. Well, the apple tree had died several times, but one wonderful thing about its death is, after dying, it resurrects and becomes more alive. History does not lie, go and verify. Meanwhile, how did you arrive at the permutation that the crop was harvested at 60k? Show me data please or a mere assumption.