I believe BTC is going to go down hard, together with ETH.
Possible 3000$ in my view or even to 2800$.
What is going to spark this supposed additional crash? Didn't we already have a crash? Sure, I believe that there is always a possibility of a double bottom; however, are you predicting "crash" based on the fact that you sold (or shorted) below $3300 that is going to cause this? hahahaha
Good luck with getting your coins back.
I'd rather be asking what has caused the latest price rally? And was it justified?
Sure segwit got activated ,but that is not worth 25 billion $, and the lightning stuff is still far away in my view.
So you seem to be referring to the rally from $2600 to $4980, right? And, then the correction back down to $3k and then currently we are in the $3900 territory? Actually, the way you phrased your proposition, it seems to me that your assessment of "down" is quite strong, and you are linking this supposed down to Ethereum, as if they have the same kind of market forces driving them and the same levels of overinflation.
In essence, you seem to be clumping too many erroneous ideas together and arriving at conclusions that are too strong and without seeming to place much weight on the current ongoing and upwards price pressures and the network effects of bitcoin the fact that this particular price rise slope has been a whole hell of a lot less steep as compared with previous price rise curves.
So, to me, it seems that you are looking at this whole question too narrowly in terms of what you consider to be bitcoin's upwards potential... you were probably saying the same thing after we bounced up from $890 in March, right?
So you are concluding that we are a bit over inflated, and you are suggesting some kind of supposedly "conservative" additional correction that is necessary to cause more consolidation of these prices at lower levels rather than higher levels or even assigning low likelihood of BTC prices going up from here.. Accordingly, you believe that the odds for down are considerably greater than the odds for up... and you are also phrasing that prediction in terms of some kind of supposed certainty.
It's not that a crash is going to happen in my view, but rather that the unjustified earlier price rally is about to get normalized.
Bitcoin at 2500$ is a decent valuation given it's current status (still many backlog transactions) but it's not worth 5000$ now , no way.
Again, you seem to be talking out of your ass to be suggesting the value of bitcoin based on some kind random expectation that you have regarding unit value, and you seem to have little credibility in this because you had been lumping your price expectations of bitcoin and ethereum into some kind of bullshit made up correlation. I am not arguing about what you say cannot happen, because surely there are a lot of possible scenarios out there, but i find it a bit irritating how much certainty that you are ascribing to a scenario that is likely below 40% chance of happening.. and possibly lower.... it certainly is no where in a category of likelihood that you are apprising it..
