Bitcoin below 40K
(twitter.com)
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Just watch it - it will go lower and lower I bet close to 20k, see a big selloff, then rocket back past 100k. Wait for the dip and then buy - bitcoin ain't going anywhere, because it's the perfect coin for black-market payments. The inherent value of bitcoin is that it allows large transfers of money around the world in an untraceable format - you don't need to deliver a pallet of cash or a briefcase full of gold bricks - just send the bitcoins.
Anyway that's just one way to look at it IMHO
I just looked over the chart for Bitcoin. Based on the charts the most likely bottom will be around $25k.
Yep, Looking closer at the chart 22-23k may be a better number. Good job
Idk anything about crypto, but could this overt bad pub by Elon Musk and some others be purposefully driving the cost down to compel the pipeline ransomists into liquidating their bitcoin into something else to flush them out for capture?
It's still four times higher than it was six months ago.
It’s still fundamentally worthless.
Learn about asset bubbles throughout history; they all depended entirely on the greater-fool theory. They were all zero-sum (or worse) propositions. And they were all ultimately backstopped solely by the intrinsic underlying value of the asset, which, with cryptocurrency, is nothing.
These “cryptos” are transparently all absurd pump-and-dump-and-go-to-zero schemes that prey on the greedy and ignorant.