All this drama is just to get you guys prepared for LE REAL DIP.
Are you ready? Have you set your buying order low enough to panic buy BTC @ $3K?
No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.
That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.
You most likely thought it was going to $0 in 2014
I actually drew charts showing that it would bottom around 300 and reach ATH in 2 years. Everyone thought it was super bearish and laughed me out of the forum. I ended up being wrong... it went lower than I expected, bottomed at 160 and reached ATH in 3 years. I was too bullish.
So what is your new chart telling you about this bear mkt then?
Italy crisis hurting banks...
should we put together a collection?
It definitely looks like it's hurting all the markets, may cause some Fear and some hedgers into Gold and Bitcoin?
Latest
evidence [last 6 months] suggests bitcoin is not the new gold. If anything (with a few analysts pointing out that) bitcoin is a hyper charged high risk high return asset ahead of stock market
Which means, bitcoin is negatively correlated to VIX and ahead of [negative] VIX. (observed earlier this year)
If this relationship holds that would mean if we're to see a global financial crisis worse than 2008 later this year in Q4, btc is going to $1K before that.