Post
Topic
Board Bitcoin Discussion
Re: Bitcoins Crossed 20k USD!! Don’t lose hope now.
by
saint_casanova
on 27/06/2022, 17:12:55 UTC
Hope means nothing when we have a war ongoing that could threaten and drag the whole world into it. I just want to be realistic, 20k is okay for now but I don't see much hope on BTC able to keep over that line for long.
That "any price could happen" is the thing that people with mental capacity to understand logical outcomes could conjure up and not many other people. There aren't enough people who can see the realities of the market and realize that 15k is as much possible as 50k in this market and none of them should be out of bounds, they are all logical outcomes depending on the outcome of what we do, which is buying or selling.

If the market decides that it is risky to hold, and start selling more than buying then the market will go down, or if vice versa happens then we are going to go up. If people can't see that and try to find a number that makes more sense than the other number, they will lose.

Well, I also don't really like to say it, especially when people unfamiliar with Bitcoin or crypto talk to me about it BUT to be fair though, that really is the reality of it.

Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
Right now? Yes, $15k seems more likely than $50k, in my opinion. I don't even know why there are the $50k numbers. At least, if all the good news and some luck, we could bound back to the $30k range maybe.   But since we are talking about what was behind the market, trader and investor expectation, strong selling seem like the overall trend in the market.