Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Why there is so much resistance at $23k price
by
STT
on 05/09/2022, 02:48:56 UTC
⭐ Merited by buwaytress (1)
This means buying BTC is on the backburner, pushed far back behind the list of priorities.


This is why genuine usage with utility is far more important then all hyped bets on inflows to BTC, all the speculative judgements evaporate when liquidity dries up.   This is true of a few different market prices and BTC has to be ranked as something speculative.   But we do have population in BTC, its just far slower then the rapid speculative flows that sometimes occur.   Genuine population and usage has its own base and its slow and much lower pricing but thankfully this is what saves BTC from being purely 1 fragile thing.