This is pure gut based on bitcoin's unique existence and lack of precedence (as if that ever helped predict price - hah!) So, this is not about charts or formulas. How mislead such thinking is! Looking for another big, slow leg down to about $18,000 looks about right in this guessing game. Then, a rocky rise from late 2022 to over $200,000 seems to be in the...
What if there were no fiat currencies? What if all countries were on the gold/silver standard? What would a bitcoin be worth? Would you trade your gold or silver for a "limited" number of digital serial numbers called Bitcoin? Litecoin? name-of-your pet-coin? You see where this is going: to infinity and beyond! This will be the biggest short.
First, I am not an experienced trader, especially not in the crypto arena. What I am about to say is based on principles, and starts with this question: what makes the tulip Bitcoin more forever rarer or superior to the rose Ethereum, or other crypto flowers? What makes anyone think a bakery will accept a crypto payment today that might be worth half tomorrow,...
