Bitcoin
Bitcoin
Out of context: Reply #2342
- Started
- Last post
- 2,736 Responses
- neverscared1
Carol Alexander, professor of finance at Sussex University, said she expects bitcoin to tank to as low as $10,000 in 2022, virtually wiping out all of its gains in the past year and a half.
- ". Her bearish call hinges on the notion that bitcoin “has no fundamental value” and serves as more of a “toy” than an investment."shapesalad
- So she did on-chain analysis, long / short holding of wallets, whale address analysis, etc etc.. or she just doesn't like it and said 'oh yeah it's going down'?shapesalad
- She's aware of JPM now offering crypto investments to their wealthy clients. That family offices are getting deep into btc, that everyone now sees it as part ofshapesalad
- an inflation hedge with lower costs than holding / transferring gold. She is aware of all that?shapesalad
- How is it an "inflation hedge"? It's 100% speculation/gambling... Far too volatile to be a "hedge" and tracks the markets, more or less.formed
- SP500 up a solid 27% Y1
Gold down reasonably -3% Y1
Bitcoin up and down 50% Y1
iFLation HedGE how?!******** - < Most think it will be down to $30K or even lower by Summer 2022 (depending on how much Tether prints this year ofc)********
- Inflation hedge = unlike $£€¥, limited mineable supply + many lost = very few available = one can only go up in price long termshapesalad
- the only thing that devalues btc is another technology replacing it, SOL, ETH etc.shapesalad
- currently network effect is overall - past the vol - pushing price gradually up.shapesalad
- if the exponnential growth fails the ponzi cracks to nuffin... tether might to the rest... and kaboom ..nearly worthless.neverscared
- Yup. It's "value" is purely supply/demand/specul... There's very little use. The dollar will not go to zero, btc can do that in a day.formed
- BTC actually went to $8K on a flash crash a few months ago :)********
- https://finance.yaho…********
- It's interesting to see certain peoples total obsessions with certain topics.colab
- i agree very interesting...also very interesting to see the greed of certain people and not carying about ecological damage.neverscared
- the pathetic obsessions with getting rich fast without dealing with consequences is a mindblowing sick thing.neverscared