Exactly what is going to happen to make 10's of millions of dollars suddenly run away from bitcoin? Which is what would have to happen to see the price slide. Other than wishful thinking, I can't wrap my mind around what you bears think is going to destroy bitcoin. Can any of you read an order book? After the April crash, the order book collapsed. It is building like crazy right now.
well for starters.. governments could start shutting down or regulating exchanges. that or government might announce that it will pursue tax evaders who hold bitcoin. i'm not bearish, i'm "idontknowish."
And we might have another Carrington event, etc. Of course there will eventually be a push to find tax evaders using bitcoin, but the best way to get caught would be to sell on an exchange . . . Regulating exchanges? Having to abide by KYC? That would certainly kill bitcoin.
I was talking about the next few weeks anyway. Sure there could be bad news, but in my opinion the odds are greater that we have good news than bad.
well then we are not in disagreement. i thought that the bottom was going to be around $600 and was right for once. only problem is that i didn't have any fiat to buy BTC.
then again, if there were another group in addition to the baidu one, that were to purposefully throw some bad news out there.. there could have possibly massive panic and fear.
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