Post
Topic
Board Speculation
Re: Bitcoin will (probably) go lower.
by
savetheFORUM
on 15/03/2023, 13:29:06 UTC
So, by your own argument and logic, every 2.2% correction or downtrend that Bitcoin has (at current prices) is worst than the -86% drop that happened in 2014/2015?

As I said, it all depends who makes the statistics and what's his position.
For extreme bitcoiners, 1BTC=1BTC so they are both the same, for the one holding 1BTC donated by Satoshi from the start he lost once a pizza  now he lost a VW golf, for the one holding $10k obviously this one is better cause he lost 7500$ but still it was supposed to still have 10k in purchasing power no mater the inflation.

Let's see what's worse, some kids playing with lunch money losing 30$ per BTC, or bitcoin reaching $1m and a 2% erasing the GDP of Italy in one cough? As I said, a thing of perspective. And since we're at this point, do you think those magical cycles will keep on even at that time and erase something the size of the US economy in a few months? Or that the cycles will evaporate by then, cause that was the design, 9 80% drops for the mortal men doomed to die watching charts?  Grin
I agree that perspective is definitely the case but that becomes a bit individualistic when you look at it. Just because bitcoin losing 2% is a big amount in GDP for Italy, doesn't mean that it is for UK, and just because 2% is bad for you, doesn't mean it is for me.

In the end, let the people act as if they are going to end up with a bad situation and I disagree with that, we are going to end up with something that is much better for everyone in the end and we should be seeing those even smallest drops to end up with a big increase in the end. That is why it should be noted that we should be always optimistic about it because even falls have recoveries as we have seen just recently.