Why bitcoin will crash!

in #bitcoin6 years ago (edited)

https://trends.google.com/trends/explore?geo=US&q=how%20to%20buy%20bitcoin

There simply isn't any new buyers. What drove the Dec 2017 ATH were the greedy folks who were susceptible to get rich quick schemes rushing in to be bag hodlers. The truth is the greatest fools have already been found, and the general interest in buying magic internet money is gone now. Bitcoin has been on a slow decline for 6 months now.

People who own a lot of bitcoins will find it quite hard to exchange it for USD.

What's keeping the volume of bitcoin afloat is none other than USDT. Once that crashes, prepare to see all those greedy "in it for the tech" folks rush to the exit. Let's not fool ourselves here, theres maybe 1% of the bitcoin community that are true fanatics and believe it will be the reserve currency, 99% understand that the main utility of bitcoin is to sell it to some greater fool or fanatic.
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