You are viewing a single comment's thread from:
RE: Day Six
We'll see... we're pretty close to $7500 as is. If people are scared enough, technicals and fundamentals stop mattering. I'm long on Bitcoin, I see this downturn as opportunity, but most people don't think that way.
I think there are deep deep pockets that will never let the price fall below the doubling line no matter what. Doesn't matter how bad the economy is doing; Bitcoin is easy to prop up because the market cap is so low.
If stocks continue to bomb and Bitcoin is bouncing off the doubling line this will create a mass exodus from stocks to Bitcoin and we'll get one of those x20 spikes again that fucks everything up for a year.