Post
Topic
Board Speculation
Re: Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$
by
Lucius
on 29/07/2022, 14:48:52 UTC
I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH shitcoins than BTC in the future.

And after 6 years, you have this conclusion? I think you have completely misunderstood some things and think that Bitcoin is a money machine from which you can withdraw more and more money as time goes on. If you have already started making comparisons, you could also put 2015 as relevant with a price of $200, which compared to today is only 120 times more or 60 times more compared to 2016. Bitcoin has become part of the market, and if you haven't noticed, the situation has not been great lately - all of this had to be reflected in the price of Bitcoin.

That altcoin you mention is planning to replace POW with POS this year, and that is not something that can have a positive impact on the price (at least not in the long term).