That time I said Bitcoin could go to $6k-$7k over 2 months ago..
In a post I made 2 months ago titled "What if the Bitcoin bubble pops?" I talked about how people were calling Bitcoin a Bubble and comparing it to Tulip Mania..
Now as you can see above Tulip Mania only lasted a few months, and I showed this graph that talked about how people love to say Bitcoin is "crashing" only until it spikes again!
And just like the Technology Adoption Life Cycle I think Bitcoin may do the same thing over time, but only on a larger scale..
Conclusion
So I may have had high hopes when I said..
I really didn't think it would actually go all way down to $6k from $20k..
But I know that either way these are exciting times for ALL crypto!
Thanks for checking this out, and let me know what you think in the comments below.
Post - Vote - Earn 🤘 😎
Disclaimer: Now as I always state I am not an Investment Adviser, and this is not investment advice. This is always for entertainment purposes only!
Hahaha, me neither. Everyone pretty much knew a correction was inevitable after that parabolic rise, but I doubt anyone envision such a swift crash.
On the plus side, many new investors will see $6k-$7k as a big bargain.
Yeah I don't see it staying this low for long especially after the possible new regulations.
Cryptos will go up again but not all of them. The next phase is the utilization time of cryptos. And all not utilized cryptos by states or institutions will disappear quite soon.
Doesn’t look like there is any reason not to go any lower. I would love to get BTC for lower price just like all these smart guys.
I hear some people saying $2500, and I really hope it does!
Agree, I wouldn’t mind loosing $2500 per bitcoin in worst case scenarios.
Nice call... the parabolic rise and fall in picture 4 also happened to Apple stocks around the dot com bubble. And today it's just a dent in the chart.
Anyway I hope that prices will go down even more.
Like a few people already said:
-Did we bank the un-banked? No...
-Do we have some really (maybe for some people) life changing utilization? No...
99% of coins will vanish and I hope it's sooner than later.
I agree I think we may just see about 10-20 big ones last in the long run..
Hahaha so fun to see how the patterns goes on and on. People have to start being patient, I just saw a vid on youtube where a guy says he put his entire life saving in bitcoin at 20K and says now doesn't know if holding on that or selling back loosing 70% + in the transaction... Price will bounce as it always do, and you should see that dip as a huge opportunity to buy cheap coin. How people never understand such simple things ?
Now that BTC is slowly moving out of the picture, its time for the other cryptos to show up!