Will Bitcoin get down towards $6k? Will the cryptocurrency market follow suit? When will the general population feel confident in altcoins again? Will big business get involved?
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I agree with a lot of this, but you do seem to overlook some factors. The impact of friends and grandma's getting into BTC at a point where BTC is already 20-30K+, doesn't have as much impact as BTC at 10-20k.
"Ordinary" people can only bring in so much, and it's just a tiny little drop in the marketcap if BTC already passed 20k.
Also don't underestimate the huge amount of people still holding "10K+ BTC" with bloodpressures above 200, ready to sell the moment BTC comes close to what they paid.
We also still have ~25% of BTC to come.
Big companies who will pump billions and billions and billions into BTC, is the only answer to a 20K+ BTC that I see, to be honest.
Though I wonder, will they, really?
Great videos. Love the TA u provide. Ur explanation on how/y the market has come to this point is fascinating. I jumped into crypto beginning of December. FOMO. FUD. HODL. All foreign to me. A new language. But Ive learned a ton since then. Ive grown to feel the projects i believe in. I have learned this is not a get rich tomorrow deal. This is real projects with real risk/reward. I love the digital asset space. It has consumed me from the moment i first bought (now I invest). Channels like urs are a big reason y. Love ur content. Keep up the great work. Look forward to ur future videos.
Bro this is such valuable info. Just when i think i got it all figured out...BAM! The bigger picture is laid out of what really happened in that run up and why we are likely to see a lower bottom. Man i hope this downtrend can buy me some time so i can invest in a larger position at these lows
I suppose we don't mind if it hits 1 million for a bitcoin as long as the dominance is very low. (Less than 5%) We just need to spread the wealth out significantly better. Instead of people putting money into that shit coin when the market cap slides. lol Cheers
shawn collins That's what I'm saying :) Once more exchanges do that bitcoin dominance will drop to under 5%, we can't wait. Bitcoin is far to outdated for any of us to give a damn about it. We only use it because we have to. Once atomic swapping and ethos is running, the world will be a better place.
Keep the faith, we are still in the early adopters stage, once we start to move into the mass adoption stage the market will take off and become more attractive, look into the Circle-Poloniex deal which will give the market more mainstream attention and legitimacy
Based on the overall downtrend pattern, BTC is going to 4.6K in two weeks, unless something changes significantly to cause a bull run. If the trend continues, it will likely find a bottom around 4K. You're welcome.
Thanks Mr B for your info, my self I bought everthing very high priced but im not that sort of person to afriad of ups and downs im made my mind when to sale my coins.. Neo $1000* bitcoin $50000* etherume $5000* litcoin) $1000* ADA $100* rxp $10* xlm $10* ect....
moooooooon or grave
The whales and the government trying to scare people out of cryptos, so they can come in with SEC/IRS/accredited investor bullshit and take over. Keep doing your homework guys. That includes reading the whitesheets and staying away from trading bots.Keep your powder dry and be ready to buy on the ultimate dips. Remember the stock market will cause the ultimate crypto drop. But unlike the stock market it will bounce back and fiat will be toilet paper. That will be our time to shine.
Tornado is Coming all Giant Will be Disphere We Will See Lots of Low Prices coin Jumping 10000% Nothing Will stay the same I Wish to See How Will Take The BTC PLACE we need to believe Nothing Will Stay the same
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