If everyone is panic buying and everyone knows btc will rally governments billionaires millions almost every human with a phone around the world is investing in btc thinks it will rally is there a possible scenario that btc could die it could go bear and stay there can you guys give me your assumptions on btc I want to know why you’ll think it could go down or up
If everyone is assuming btc will be bull in a couple years why is it still down
byu/Junior_Artichoke2046 inBitcoin
Posted by Junior_Artichoke2046
10 Comments
We are still so so early in Universal adoption, I like to compare it to the early days of the Internet when most people still did not know about it or could see a function for it. And for future generations, it’s now ubiquitous. And so because people don’t know what it is they trade it like a tech stock, which is completely silly. It will eventually be used daily like the internet (AI bots are already using Sats for transactions between themselves )
if everyone assumes it will be a warm summer, why is it so cold now?
Goodness. Try to write. Also, who is everyone?
Markets are forward looking. If everyone really assumed that, it would get priced in. The fact Bitcoin is down means that most people don’t in fact believe that it will go up soon.
Because a lot of people have weak hands and panic sell. $68,000 for one internet coin is still a huge amount if you think like that.
If you believe in btc, just keep buying and saving no matter the price.
Let me educate you on crypto and tax loss harvesting.
Currently you can sell at a loss and rebuy immediately to harvest a tax loss, which can be used for years.
This isn’t what it likely is…but some % sure. Especially if you believe it to be more bear before it is bull.
Either way. You need to zoom out and quit posting on a forum.
Most people tend to focus on short term results and gains. They will just jump to the today’s big thing.
It’s down as it’s just been up. Value doesn’t just go up in a straight line you know.
Everyone isn’t
‘Leveraged trading’, ‘short selling’, or whatever all kinds of greed schemes are called, will have something to do with it.