Topic: Here's another Bitcoin Critics (Read 66 times)

I don’t know the level of rationality that would actually result in people that come up with this kind of speculation about Bitcoin do have. Somehow, they happen to fail every time but, never relent to come up with yet another speculation on how Bitcoin would be at the bottom. The worst part to it is that, you find fanatics that would be ready and willing to go along with whatever they said every time rather than, taking up Bitcoin head on.
Expecting a crash from $106k to $17k, even with Bitcoin attaining mainstream, it’s hard to see the possibility.

The higher the adoption goes mainstream, the lesser the volatility becomes and the more stable Bitcoin becomes, I am aware of that fact, and we are way above the expectations for Bitcoin to decline to that low price of around 24k price, but critics such as this one won't forget to remind you how close you are to liquidations since the time distance between the last below 24k price a d the current price of above 100k price, what those critics failed to consider before creating such fuds is the fact that bitcoin has burned a lot of candles in price within the shortest period much and it will take almost impossible situations to drag the price down to half of what it right now.

Exactly, in as much as Bitcoin antagonist will never cease, one of the funniest parts of it is that they can't stop Bitcoin from heading forward, for sure even if Bitcoin might drop it has the potential enough for it to up again and this has been a factor and that is volatile nature of Bitcoin, surely while most of them my be saying all sorts of negative things about they still be very busy buying Bitcoin just for them to be the only ones that will beneficiary to will becomes of Bitcoin in the future and that is greediness and I know a lot of people will definitely fall for it while others may not, yeah being very careful with the informations will process online is very  as important as not take wrong decisions that we will regret later, we should be able to filter informations we see in the Internet before making our conclusions.

The cycle that we're getting into isn't going to allow the past prices to be seen again. Remember the 3k boyz? they're already out, next was the 10k boyz, and so on. You have to look at that chart that we always get low that's higher than the past low for each cycle. So don't be emotional with people like him, if he says that Bitcoin will never hit $1M, it's most likely that it will and when it does, he's probably already stacked up and played with the feelings of people that have reached his tweet. In the past, many did even said that Bitcoin will never hit $100k.

There is one thing about assets that people are adopting which you can see in bitcoin. As the adoption continues as it go mainstream, the volatility is decreasing. Bitcoin low price in 2022 was $15500 which is very close to $17000. If the bear market will come next, I do not think bitcoin will fall below $30000. If it eventually go below, it will not go below $24000.

We can't say never when it comes to bitcoin price speculation, although you are right in reality since bitcoin have already done x6 of $17000 and still counting upwards more than it possibility to go downwards, gues the fomos is coming from someone who have missed out in the uportunity that micro strategy utilize, acquiring bitcoin at that low price when bitcoin was way below $30k to $20k is such a great one such opportunity may never come by again, so the hate on those holding such bitcoin positions will be high.

Same cycle of critics spreading FUD once again, this isn’t a thing new but rather something that actually suffices every time there is bull period like this or bearish moments, they said it was heading to zero after the covid and when the dump started they were like it was at least destined for below $10k and we never saw that rather what we eventually saw was a pull back from $15k to a six figures they had said it will never get to. At this period I will say we are maxed for $1m in two to three more halving to come, will the market dump to below $20k? I personally don’t see that happening now with the such highs we have.

Funny thing is Microstrategy isn’t only compromised with bitcoin holdings alone and they usually sell the top sometimes and ate frequently buying any available dips(DCA) and this usually leaves you in profits most of the time how is the liquidation coming to play here?

There will always be haters on Bitcoin no matter how much the market value continues to increase. For such people I advice ignore as they barley know anything about Bitcoin. Just like those who laughed and said Bitcoin was a shit show and would never get to $100, where are they hiding now? In the dark of course and they will remain there when Bitcoin finally gets to $1M in the future. What I can imagine is these same people hiding a reasonable amount of BTC but comes to the public to speak I'll of it.. just avoid people on social media mate as they are not worth it...

The problem with social media is that the subnormal person who writes this has no idea that no MSTR debt instrument is convertible to bitcoin, and therefore cannot be ‘forced’ to liquidate anything. Don't waste too much time with subnormals like that. If you look around you will find many who have a thousand arguments to prove that bitcoin is a ponzi scheme, and that it will end up with the price dropping to 0. What happens is that as the price rises there are less and less but there are still some left.

Bitcoin is not going below $17000 ever again. I remember when bitcoin was falling that time, some critics said something like this about Microstrategy, but the company survived and enjoying the benefits of bitcoin existence which some critics see and prefer to criticize the company instead. I remember Peter Sheriff said something like this all recently.

 One thing I dislike about people like him is that they claim to know it all, but at the end time will tell that they know nothing about Bitcoin, he claims Microstrategy is a fraud that would collapse alongside Bitcoin but forgets that the coin is 15 years and counting, I see no sense in his statement cause i don't believe that even though volatility occurs, Bitcoin would ever drop more than 50% of it's current price it could probably drop to 60k or around that figure during the bear season but definitely not $17k.

 He forgets about the U.S strategic reserve and how it would trigger other major economy like China, Russia and the rest to jump aggressively into the market thereby giving btc a support from droping to that point during the bear season. People like this would make lots of people on the media miss out on participating in digging this digital gold against the future.

 Well, i just hope no one takes his words seriously cause i could remember some Peter Schiff who saw no future with bitcoin and claim it would never reach 100k however i believe he'll be hiding his face in shame concerning that statement and just like him, people like Jacob King would learn the hard way, i just love what someone in the comment Section said to him, "Time would teach him some lessons".