This is what kept me going for so long
the problem is you need BIG money to make a significant move upwards...but there is no big money...just some enthusiasts kept the price up the last weeks when the downtrend was inevitable...i would not say bitcoin will be gone...but only people left in bitcoin will be enthusiasts with a lot of investments...the technicaffine average joe (more or less like me) is getting out and will not come back....too much money is already burned
the problem is you need BIG money to make a significant move upwards...but there is no big money...just some enthusiasts kept the price up the last weeks when the downtrend was inevitable...i would not say bitcoin will be gone...but only people left in bitcoin will be enthusiasts with a lot of investments...the technicaffine average joe (more or less like me) is getting out and will not come back....too much money is already burned
Understanding bitcoin requires several skills (ie: Advanced Mathematics, Econometrics, Social Engineering, to name a few) while participating ONLY a leap of faith. Yes, I know the wealthy people are now only the 1% of the general population worldwide. Now I want you to think hard:
If BTC becomes a "Store of Value" do you think this percentage will change?
Think again.