What is the lowest possible price for bitcoin?
Ask yourself what is the lowest possible price for bitcoin?
20000? 15000? Theoretically, the price will be - 0.
I'm not saying that there will be such a price, but if there is a panic in the market, keep this in mind.
By the way, how much is Terra Luna now?
Keep in mind that bitcoin was worth exactly zero at first.
And the correction will probably drag closer to that number as well.
You may start to panic.
In May 2010, 10 thousand bitcoins were equal to $40-$50 (an American bought two pizzas for 10 thousand bitcoins).
That is, a person sold 10 thousand bitcoins and he actually just gave them away. It is clear that not all of his bitcoins.
Perhaps he had 100 thousand bitcoins and he did not feel sorry for selling them. That is, there are people who have a bunch of these bitcoins.
Many years have passed, but in fact nothing has changed globally, everything except the value of bitcoin.
I can't take and buy anything with bitcoin, there are just a bunch of people who want to sell it for more.
I took 2009 as a starting point and drew trend lines from zero.
At first, we don't have prices until we sold two pizzas for 10,000 bitcoins. Then the price started to rise sharply.
As you can see, each subsequent wave of the trend has less strength.
In fact, if you look at the real from afar, bitcoin has not yet hit the real bear market, where the next wave will cover the bottom of the previous one.
But as the trend fades, it can happen and the next wave could rewrite the 3000 low.
Perhaps this will not happen and bitcoin will hold the 3000 level or be higher than it, but look at the trend.
Looks like waves 1, 2, 3 are fixing now.
Now look at the volume in 2015 and 2020-2022. Someone is now quietly fixing and distributing bitcoins,
At the same time, there are no serous purchases and panic sales. Everything is still ahead!
20000? 15000? Theoretically, the price will be - 0.
I'm not saying that there will be such a price, but if there is a panic in the market, keep this in mind.
By the way, how much is Terra Luna now?
Keep in mind that bitcoin was worth exactly zero at first.
And the correction will probably drag closer to that number as well.
You may start to panic.
In May 2010, 10 thousand bitcoins were equal to $40-$50 (an American bought two pizzas for 10 thousand bitcoins).
That is, a person sold 10 thousand bitcoins and he actually just gave them away. It is clear that not all of his bitcoins.
Perhaps he had 100 thousand bitcoins and he did not feel sorry for selling them. That is, there are people who have a bunch of these bitcoins.
Many years have passed, but in fact nothing has changed globally, everything except the value of bitcoin.
I can't take and buy anything with bitcoin, there are just a bunch of people who want to sell it for more.
I took 2009 as a starting point and drew trend lines from zero.
At first, we don't have prices until we sold two pizzas for 10,000 bitcoins. Then the price started to rise sharply.
As you can see, each subsequent wave of the trend has less strength.
In fact, if you look at the real from afar, bitcoin has not yet hit the real bear market, where the next wave will cover the bottom of the previous one.
But as the trend fades, it can happen and the next wave could rewrite the 3000 low.
Perhaps this will not happen and bitcoin will hold the 3000 level or be higher than it, but look at the trend.
Looks like waves 1, 2, 3 are fixing now.
Now look at the volume in 2015 and 2020-2022. Someone is now quietly fixing and distributing bitcoins,
At the same time, there are no serous purchases and panic sales. Everything is still ahead!
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