Post
Topic
Board Speculation
Re: Correction from $30K: Reason to worry?
by
justdimin
on 25/04/2023, 02:41:24 UTC
Do you have any special reason to believe in a price jump of even 30% in less than one month? I'm not saying that there is no possibility of this happening, but I see only bad news on the horizon, whether it's about the US or the EU, not to mention that the war in the east of Europe will soon enter a very critical phase because a massive offensive is being prepared by the Ukrainians.

Anyway, this year should be in a positive sign when it comes to economic recovery at the global level. I do not believe that the price of Bitcoin will deviate too much from these trends, and the additional tailwind can only be a few more banks that will experience a collapse - because maybe that is the reason why we have witnessed an increase in the price of BTC of almost 100% in a relatively short period of time.
You may, I do not. First of all the price could always jump when something bad happens, because something bad in the world would usually mean either inflation or simply just terrible economy and when that happens it does help the world of crypto as well. Look at pandemic, we reached 68k price, why and how? Because economy was doing terrible and inflation was at all time high levels and that caused bitcoin price to soar as well.

This is what believe is in the future if you think there will be bad things. However, I also do not think that all of that will happen, wars will be eventually over, finances fixed, elections over, everything will be much better in the future, we will not have what we are afraid of today, it will all come to pass and we will go back to our regular life.