Bitcoin is on one step from long dramatic selloff imho.
Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.
Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.
Doom and gloom, baby. Doom and gloom.
The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.
Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").
Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.
That's pretty much it. $400s is hardly dramatic, it's just the usual up&down bitcoin volatility. Real drama starts in the low $300s and lower.... Real euphoria starts above $900, irrational exhuberance after ATM is broken.
If we break $450 I will start buying more coins
