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RE: Miner Capitulation - Time to Panic About Bitcoin Price?

in Threespeak - OLD5 years ago (edited)

I dont believe we will see any bullishness in Bitcoin for a long time personally. Everything that happens has to happen based on 'surprise' and uncertainty is key to creating the kind of rush in and rush out of crypto that we see. Following 2017 certainty was rife in this market for example this is not how the world works. Adoption etc for me doesn't mean a thing, all fiat currencies across the world have 100 percent adoption and they do not make the price move, trader/investor/sentiment/speculation and HOT money does. We live in a casino. Personally im bullish only on XMR because it has something nothing else does 'true privacy'. It has no promise to forfill it is just 'money' it is also scarce and it is also POW. All very important in economics. Tech is one thing, economics is another thing all together. It is what everyone thought Bitcoin was, it is what Dash was meant to be etc etc and governments who actually know whats up will be watching it closely and praying it does NOT catch on and climb the market cap. This is precisely why it WILL catch on, we are the people. The Bitcoin bulls have had their time in the lime light, they have made killings, now it is time for nay sayers to have their time in the lime light so to speak. I plan on doing nothing but spectating for a long time until i feel like i'm robbing the candy store with my money, not gambling. $8000 dollar Bitcoin is totally un attractive to the average person. A few people will make money in crypto, most will lose, and some will lose everything.