Post
Topic
Board Speculation
Re: Crypto dump is just getting started?
by
btc78
on 15/11/2022, 02:15:17 UTC
Galaxy Digital also have over 70 million dollars tied to FTX Exchange, they are now withdrawing 47m $ and already at a loss of 68m $, I think we will keep seeing some more dips.

Is this all planned work or just the brutal of a bear market because it seems that in every bear market worst things like this always happens.

Now I have no choice but to believe that 10,000$ BTC is possible.

News Link below

http://coindesk.com/business/2022/11/09/crypto-finance-firm-galaxy-digital-reveals-768m-exposure-linked-to-ftx
10k for bitcoin is still far from reality mate , lets assume that there will be closer to 15k but 10k? look at the effect of FTX to the market , this make the price of bitcoin down to 16k(lowest of the price  since 2021 bull market) but still there will be more happening that we can expect but this does not mean that ten thousand price is on our way.

if we can lower the price this may be at least 12k the closest , and this is what the market is making us believe in its movement nowadays.

Although we can't determine when the market will recover and go higher than ATH, but we review that the cryptocurrency market has proven that BTC has released its highest price throughout the period, the important factor is not determining when it reaches the highest price but we have to make sure to increase the asset at the price lows and I think 10k might be the next low area if the market panic doesn't stop by the end of the year.
and also our capacity to keep holding , and our trust to this market. this will add so much value in the future because Bitocin proven this for how many times now.