This is a no trade zone for me because BTC is likely waiting for a move in the stock market tomorrow. How will financial markets react to more stimulus? Inflation should be good for bitcoin.
Volume is dropping because many people are either rekt or waiting on the sidelines.
I still think there is too much optimism and i dont think miners have capitulated from what i can see at the hashrate charts.#
Since bitcoin has only 1 actual usecase besides speculation and the actual demand is from people using to buy drugs or guns i would urge you to reevaluate your fundamentals.
I am also no fan of gold but i can see usecases and its history and i personally think the world isnt ready to trust digital assets to a scale where it can act as a save haven.
Imho capitulation and a year long downtrend with goverment and quantum computation attacks against bitcoin will most likely happen because if people are willing to throw 3500$ at 1 virtual coin the pain hasnt been great enough.
I personally want to see bitcoin drop below 1000$ for maximum fear and capitulation.
Volume is dropping because many people are either rekt or waiting on the sidelines.
I still think there is too much optimism and i dont think miners have capitulated from what i can see at the hashrate charts.#
Since bitcoin has only 1 actual usecase besides speculation and the actual demand is from people using to buy drugs or guns i would urge you to reevaluate your fundamentals.
I am also no fan of gold but i can see usecases and its history and i personally think the world isnt ready to trust digital assets to a scale where it can act as a save haven.
Imho capitulation and a year long downtrend with goverment and quantum computation attacks against bitcoin will most likely happen because if people are willing to throw 3500$ at 1 virtual coin the pain hasnt been great enough.
I personally want to see bitcoin drop below 1000$ for maximum fear and capitulation.