Crypto collapse: Bitcoin goes up
davidgerard.co.uk
Crypto collapse: Bitcoin goes up
1–10 of 15 posts
Re: Crypto collapse: Bitcoin goes up
#2it won't be long before it's below 16k again. probably after Gemini fails or Greyscale
Re: Crypto collapse: Bitcoin goes up
#3Ride to 1 million begins :D.
Re: Crypto collapse: Bitcoin goes up
#4Ride to 1 million begins :D.
Too soon. There will still be at least 3 cycles (so a decade or two) before that happens. But I think we touched the bottom this time so it probably won't get back to last week's price.
Re: Crypto collapse: Bitcoin goes up
#5The key point made in this article (to me at least) is that for all its apparent size, the actual dimensions of this market are way way too much subject to large actor manipulation: it's never about real world economics, except where these align with criminal intent.
If it looks too good to be "true" given other circumstances, then it very probably IS too good to be true. If you have enough liquidity to play a game and secure a large financial benefit, and if you can "hide" inside a wave you created in the first place (a wave of smaller actors) then..
So ask yourself: what real world, non-fraud, non-market-manipulating reasons exist to justify this rise in value?
Re: Crypto collapse: Bitcoin goes up
#6[dead]
Re: Crypto collapse: Bitcoin goes up
#7It astonishes me that a "thing" that has no real value except speculation and "get rich quick" schemes after more than a decade is still being sold for 20K per unit. Amazing.
Re: Crypto collapse: Bitcoin goes up
#8View all short term price predictions (and indeed, players) with cynicism. Even, to some degree, the linked article, insofar as it may claim to present a 'master plan' for the hows and whys of market movements.
No external observer has all the pertinent info, and individuals thinking that they (or others they listen to) do reliably have that information, is the general psychological driver that moves a great deal of the money involved in these quasi-casinobanks of the fledgling crypto industry.
Re: Crypto collapse: Bitcoin goes up
#9"We’re pretty sure the number will go back down again — if you bought in below $X, you may want to cash out while you can. You can already see bobbles in the chart where bagholders tried to cash out where they could." - Almost everyone for 10+ years.
Re: Crypto collapse: Bitcoin goes up
#10It astonishes me that a "thing" that has no real value except speculation and "get rich quick" schemes after more than a decade is still being sold for 20K per unit. Amazing.
You should tell that to the hundreds of thousands of people in places like Argentina, Turkey, Venezuela, and Iran who rely on it
This is a never endingly week argument.