BTC Little Explanation from mass psychology
Updated
The end is near!
But it will not be, what many say about a massive devaluation ... No! It is impossible, the behavior of "rational" individuals will always make their value remain high. Now, why do I say the end is near? Pitifully Bitcoin, is no longer a change merchandise and is now becoming a hoarding merchandise.
I give you an example; Today you have a bitcoin, would you buy something with that bitcoin? Knowing tomorrow that bitcoin cost more?
Human psychology shows us that when we feel affection towards something of great value, it is hard for us to leave it. That is going to happen with all the Bitcoin holders at the moment.
Now what happens if the day of tomorrow Bitcoin falls to 5000? Well, nothing ... There will be people who buy bitcoins, increasing their value once more. Giving back the value. It's like a spring Jjejej
Now I consider that the bitcoin is reaching its last period of rise and later the value remained static. Something like a frozen coin.
There is no government that freezes the currency, but the society itself will freeze it at a "x" price. Its fluctuations will be slight.
What can we do ? Nothing, look at other currencies that are just being born or growing.
We can not predict where the price will go currently because we do not have enough information (cycles, waves), it's something totally new. I do not consider it a bubble as many say, but we can not compare with GOLD in the future either.
But it will not be, what many say about a massive devaluation ... No! It is impossible, the behavior of "rational" individuals will always make their value remain high. Now, why do I say the end is near? Pitifully Bitcoin, is no longer a change merchandise and is now becoming a hoarding merchandise.
I give you an example; Today you have a bitcoin, would you buy something with that bitcoin? Knowing tomorrow that bitcoin cost more?
Human psychology shows us that when we feel affection towards something of great value, it is hard for us to leave it. That is going to happen with all the Bitcoin holders at the moment.
Now what happens if the day of tomorrow Bitcoin falls to 5000? Well, nothing ... There will be people who buy bitcoins, increasing their value once more. Giving back the value. It's like a spring Jjejej
Now I consider that the bitcoin is reaching its last period of rise and later the value remained static. Something like a frozen coin.
There is no government that freezes the currency, but the society itself will freeze it at a "x" price. Its fluctuations will be slight.
What can we do ? Nothing, look at other currencies that are just being born or growing.
We can not predict where the price will go currently because we do not have enough information (cycles, waves), it's something totally new. I do not consider it a bubble as many say, but we can not compare with GOLD in the future either.
Note
It is fashionable and will continue to be fashionableNote
The bitcoin, is showing us a change of economic paradigm? Does everything that goes up fast fall faster? Maybe it's the signal that the world does not work that way anymore, Bitcoin is within reach of the masses and it's not like other financial instruments ...The economic theory tells us that everything that goes up quickly falls fast ... But what happens if now it is not that way? Are we entering a new era?
Why can it go down? After the news of "Bitcoin Futures" approved the speculators of large size (big fish) enter the game, officiously. Since now they feel protected by the law, what we can expect is that when the big fish enter they are speculating with the price to be able to enter in better positions (a great correction)
Why can not he fall too much? ; the trade that takes place with this currency worldwide is incredible; from small things, to weapons. Money laundering is much simpler and daily money is injected in giant quantities.
Now imagine at this moment they are facing, speculators that want to enter but at lower levels with the big and new fish that are injecting money without control every hour.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.