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Bitcoin Falls Below $20k for the First Time Since 2020

bloomberg.com

11–20 of 218 posts

Re: Bitcoin Falls Below $20k for the First Time Since 2020

#11
Considering Bitcoin had never fallen lower than a previous cycles ATH (All Time High) until now, who is thinking that this might be a sign of the end of crypto?

Each cycle goes higher was pretty much the only thing that kept the whole thing going. Now that is gone I think the space will dry up.

Tether collapsing in the next couple weeks will likely put Bitcoin under $10,000

Re: Bitcoin Falls Below $20k for the First Time Since 2020

#14

Considering Bitcoin had never fallen lower than a previous cycles ATH (All Time High) until now, who is thinking that this might be a sign of the end of crypto? Each cycle goes higher was pretty much the only thing that kept the whole thing going. Now that is gone I think the space will dry up. Tether collapsing in the next couple weeks will likely put Bitcoin under $10,000

Tether collapsing would have a far larger effect than putting BTC to 10K, it would probably be the end of crypto. The vast majority of alt-coins cannot be exchanged against dollars and have a value only if they can be traded against USDT or other stablecoins.

Re: Bitcoin Falls Below $20k for the First Time Since 2020

#16

Considering Bitcoin had never fallen lower than a previous cycles ATH (All Time High) until now, who is thinking that this might be a sign of the end of crypto? Each cycle goes higher was pretty much the only thing that kept the whole thing going. Now that is gone I think the space will dry up. Tether collapsing in the next couple weeks will likely put Bitcoin under $10,000

Do you think the tech disappears when Bitcoin goes below some magical threshold?

Re: Bitcoin Falls Below $20k for the First Time Since 2020

#19

Considering Bitcoin had never fallen lower than a previous cycles ATH (All Time High) until now, who is thinking that this might be a sign of the end of crypto? Each cycle goes higher was pretty much the only thing that kept the whole thing going. Now that is gone I think the space will dry up. Tether collapsing in the next couple weeks will likely put Bitcoin under $10,000

While I appreciate that's somewhat psychologically important, I don't think it's magically going to drop to zero now.
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