Bitcoin Price Thread
- Thread starter Magna
- Start date
The critical boiling point is $26,080 the close we get to that...the closer the collapse...because in theory everything is fine but money is money and when you are the investor...the people who trusted you to invest won't be very happy getting their hard earned money going up to smoke
But you gotta love those new terms. HODL. Diamond Hands. WSB. To the moon. Stonks. Apes. It's WHOLE NEW WORLD!
It's the newest people buying stocks and other inflated asset prices who believe prices only go one way. Of course you feel invincible when asset prices are going parabolic and the trajectory is nothing but up. They all have this mentality that they cannot lose. And then the correction and collapse comes. All assets are in a bubble not just cryptocurrencies, but it's funny to see all tbose crypto bulls see this unfolding. They think new highs are days aways. Little do they know that unicorn coins are nothing but a fairytale.
There is going be a gigantic fall once bitcoin breaks that threshold. Don't be surprised to see most cry down 50 to 80%.
Too many bearish posts here
Could bitcoin go down to $25K in the short term? It's possible
However, the question that should be asked is what will be the price of bitcoin by eoy 2021?
NFA, but I believe bitcoin will be over $100K
The upside is over 300%
Think longer term and bigger returns
This is not the end of bitcoin. It will come back
Could bitcoin go down to $25K in the short term? It's possible
However, the question that should be asked is what will be the price of bitcoin by eoy 2021?
NFA, but I believe bitcoin will be over $100K
The upside is over 300%
Think longer term and bigger returns
This is not the end of bitcoin. It will come back
I remember having this mentality back in the late 90s during the dotcom bubble. I was working for a tech firm at the time. In 1999 I think it was, the MD stepped down to become a daytrader, and to many of us it didn't seem that daft at the time. It was all just easy money.
What I can't work out is whether now is even worse than then. If/when this party ends, there's going to be one heck of a hangover.
If the bubble continues inflating for a few more years, the crash could be more like 1929 rather than 2000.