Australia's largest stock trading and investment forum Australia's #1 stock forum

BTC will never die, the lower it goes the more people will be...

First 2564 Last

Share
Profile

Follow
davidle

7,382 Posts.

162

24/01/22

23:46

Post #: 59102385
Share

Originally posted by hawthorn8: ↑

A mate of mine also said "btc is dead".
Nothing to suggest that .imo.
The extreme views from both sides.."its dead"; "its going to the moon tomorrow " are amusing.

how low will it go before next run up..well that's anyone's guess really.
if hypothetically markets continue recent downturn
"risk on" assets will continue to cop it the most..
atm btc is largely held by people trying to make a lot of money over a short term..varies from person to person and there are some like skypilot thinking longer term ..
those types of investors / gamblers will jump ship and continue the slide .

Ofc markets could rebound and btc would most likely follow if that happens imo.
in summary im saying currently btc is behaving like a growth stock with a lot of upside already factored in ..

Expand

BTC will never die, the lower it goes the more people will be willing to spend their life savings buying it
Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

First 2564 Last

SPONSORED BY