This is the sort of thing that convinces bag holders to keep holding until they lose it all. It's called irrational rationalization
I respect your opinion and at the end of the day Bitcoin will either succeed or fail. However calling it a "failure" because of an 80%+ dip would be a mistake, if an 80% dip makes bitcoin a failure, than it failed already multiple times yet it came back every single time to set a new all time high. Perhaps this is the time it never comes back and maybe I am clinging on to irrational rationalization, however if you are focusing on solely the price, then in my personal opinion you are making a mistake. Bitcoins price is largely based off the adoption, as adoption continues, the price follows, less than 2% of the world even owns any cryptocurrency, the last run took bitcoin to a market cap of $330 billion, which is only a third of what Apple was recently. I am confident we will see Bitcoin reach multi-trillion market cap in the future.
Who else is still accumulating? Expecting lower prices anywhere from $2000-$2600, might wick lower than $2000 however. Hopefully, i have the buy orders set for those prices. Regardless, the long trek until we finally reach early adoption continues, and eventually/hopefully mass adoption.
Back in 2001 SOXXX2 was probably a pushy broker in a boiler room pounding the rolodex of AARP members guaranteeing a sure thing to put 50K into Enron and WorldCom It's gonna be great! Can't miss! You'll regret it forever if you pass this once in a lifetime opportunity!!!
2001 he was just out of diapers 2010 he was a teenager bragging about his $400 belts and $700 Prada jeans There were some classics from Soxxx 1.0
http://forums.theganggreen.com/threads/the-newburgh-sting-hbo-documentary.81297/#post-3029171 http://forums.theganggreen.com/thre...-ask-for-simms-yet.81375/page-12#post-3033985 Soxxx1…..cop……Franklin Lakes…….booted out of Canada…….knows Zetas……….Newburgh……..Australia…… Bitplayer .
When Bitcoin was at 16k it was going to a million. Now that it's at 3,452 it's going to 7 million. This is what we call a buying opportunity. I have a bridge...
If Bitcoin reaches a 17 trillion market cap it will be a million dollars. When Bitcoin is the dominate global currency, its market cap will be much larger than 17 trillion. Not going to happen tomorrow, not going to happen next year, but I believe based on my analysis of the currency, it will reach it in a decade or two.
bitcoin adoption is virtually zero and there's more merchants dropping the option than accepting it every month. So then its value can't be as a currency it has to be as a virtual commodity and the general population does not trust it. It has a very limited investment market
If your analytical skills are so great, why are you blabbing about them on a Jets forum instead of making a name for yourself in the real world?
Bitcoin will never become a global standard. It's eventually going to be a capped resource with no further growth and that type of "value" never sets the standard. The idea that anybody is going to be looking at .0000000001 of a Bitcoin as an acceptable salary is crazy. People just don't work like that. As precious as gold, diamonds and other rare minerals and gems are the supply is always increasing as new samples are added to the global supply via mining. Fiat currency on the other hand is infinitely inflatable by supply/demand mechanics and central authority and whether digital or not will remain the standard for the forseeable future. We're more likely to go to a no-currency at all model than to see Bitcoin adopted as a standard.
https://www.marketwatch.com/story/c...s-with-sole-password-2019-02-04?mod=hp_LATEST Ruh-roh, Raggy. Guy who ran a cryptocurrency company died and took the password with him. $190 million inaccessible to investors.
