Even though i am quite bearish on btc in the short term i dont think its going that low it will probably bounce about 6k -12k in a range.Its major utility i feel is to provide portable money bypassing frictional costs of banks,shielding against bloodsucking governments and such.
Will bitcoin rebound from $20K now?
- Thread starter lostguy
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In the long term yes i agree with you.In the short term it will be influenced by other factors.
current world is full of stuff like ETH - i.e. "currencies" where you have zero control of your money, somebody can do whatever he likes - contrast between BTC and ETH was never more blatant...
Using an algorithm which is prone to attack (albeit claimed its only in theory).
Highly doubtful.
Highly doubtful.
You could also ask:
However, your question confirms that people are in "crypto" to speculate, trying to -desperately- make extraordinary capital gains.
Doubts are coming up because the wealth preservation tool BTC has turned into a wealth distruction tool. Perhaps the question should be: "Are inflation and high interest rates killing BTC?"
- Is gold killing silver?
- Is copper killing platinum?
- .....
However, your question confirms that people are in "crypto" to speculate, trying to -desperately- make extraordinary capital gains.
Doubts are coming up because the wealth preservation tool BTC has turned into a wealth distruction tool. Perhaps the question should be: "Are inflation and high interest rates killing BTC?"
Yes the monopoly of banks and their million requirements will be finished forever.Their 10000 questions regards to movement of money etc will be gone.And no question of inflating the currency through money printing.
As you know i trade on prices.It doesnt matter which way it goes .I think my shorts will again get stopped out at 22500.Getting whipsawed is not something great but cant do anything have to play by the rules of speculation.If it goes beyond 24 k i will be long again.
I knew it: Bitcoin, Gold, technical analysis, active fund management - all useless crap 😛 !
Pearls of wisdom eek¤%& -> Nobel laureate in economics says Bitcoin’s true value is zero, gold is a ‘terrible’ inflation hedge – Eugene Fama 😳
Pearls of wisdom eek¤%& -> Nobel laureate in economics says Bitcoin’s true value is zero, gold is a ‘terrible’ inflation hedge – Eugene Fama 😳
That must be the same kind of genius like Paul Krugman with his fax machine. 😉
https://www.snopes.com/fact-check/paul-krugman-internets-effect-economy/
https://www.snopes.com/fact-check/paul-krugman-internets-effect-economy/
have heard and read it so many times, yet BTC and Gold will stay in the market in many hundred years by now.
This didn't age well...
lol
Which only︂ means that BTC is bound to be pumbed to help CBDC along. You're welcome to︃ miss out on the gains for ideological reasons tho
lol
Which only︂ means that BTC is bound to be pumbed to help CBDC along. You're welcome to︃ miss out on the gains for ideological reasons tho
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