I think this is the last stop for bitcoin. Dont think it will ever reach a new ath. Problem is everyone is tapped out. And once burned, twice shy.
At first it was the early tech crowd. They had it easy. They bought BTC for 10C, $1, $10, $50 and maybe a $100 at the most. Then there were the people cpu mining it and then gpu mining it, they got BTC almost basically for free.
Then there were the guys that got suckered in buying it at $20k - $60K range. They will never get their money back. Tough luck. They will remind others that it is simply a pump and dump at best, and a ponzi at worst.
I voted $3k, and thats me being generous. I think it might go even lower than that. It was at that level just some 2 years ago.
At first it was the early tech crowd. They had it easy. They bought BTC for 10C, $1, $10, $50 and maybe a $100 at the most. Then there were the people cpu mining it and then gpu mining it, they got BTC almost basically for free.
Then there were the guys that got suckered in buying it at $20k - $60K range. They will never get their money back. Tough luck. They will remind others that it is simply a pump and dump at best, and a ponzi at worst.
I voted $3k, and thats me being generous. I think it might go even lower than that. It was at that level just some 2 years ago.
It’ll go back up man… Wall Street is pumping it. They’re just making sure that it’s the rich who stay rich, which means absolutely destroying anyone who tries to cut the line and play with leverage. That’s all that is happening. Once they’ve bankrupted all the companies using leverage and bought as much BTC as they think they’ll be able to charge management fees for, the next pump will begin. It’s really not a complicated game they’re playing. They play the same game with our economy and stocks, but with Bitcoin it’s every 4 years instead of every 15. I think the true all time high pump won’t be in until the Saudis start cashing out, and it looks like they’ve just started accumulating.
