Bitcoin predicted to go to ZERO
As bitcoin faces a bear market, news organizations are ramping up the fear of investing and are now reporting that bitcoin will topple all the way to zero! 4k was a bold prediction, but it did come true. To actually see bitcoin tank all the way to zero though seems impossible. The price was in the 2k range 18 months ago. For the price to be 3.8k today still represents growth over the 18-24 month period. Why will bitcoin go to zero? Reports are it now costs too much to mine.
In my view, there is no way the hodlers will let BTC fail. Sure miners will quit, but then the reward grows for miners who stay in the game to make it more profitable for them. Bitcoin just needs time but faces upwards pressure, especially with the next halving on the way and hodlers continuing to limit the circulating supply.
Will the market ever experience a moment where the price of BTC does not directly affect the price of all the altcoins? Do you think altcoins are a real threat or will the market breathe with the price of BTC like it has historically forever? That's the most difficult question for me and a lot of the ETFs(or ETwhatevers) might get creamed on bitcoin if that happens while others profit substantially. Stellar and Ripple are fierce competitors and I would say stellar probably rewarded investors the most but is still trading high today so it's difficult to make a buy call yet. Ripple XRP might be the only coin that doesn't follow bitcoin's price trend. I don't mind making buy calls across the board with "high-risk" tagged. If there isn't a risk, it's not real. Bitconnect taught us that. A lot of crypto went to thieves and they got away with it. It's time to rebuild and be smarter this time. The bottom can come anytime. Don't expect 100% returns every month and to quit your job.
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