Bitcoin - What does the future hold
My thoughts on Bitcoin in the coming months, its never "impossible" for mining to be unprofitable, as with mining in gold/oil etc. there have been times where it is unprofitable, all that happens is as a business they halt operations which eventually would result in a supply demand
I think its likely again price will go under fair value and the headlines will have extreme fear of "wow these billionaires are down on their investments massively what idiots they must be" when this happens a period of accumulation will happen where all the noobs sell the bottom from fear of losing even more
absolute WORST case scenario I can see ~7k being a potential
if the area of roughly 40.5k is held and shows strength I would consider that we've already bottomed however I feel its very unlikely, the amount of selling in general the past year has been MASSIVE and I would not expect all time highs anytime soon whatsoever
My game plan is:
Wait for consolidation / insane headlines
Wait for messages from all the people who are scared telling me they've sold now
Not getting rugged
I think its likely again price will go under fair value and the headlines will have extreme fear of "wow these billionaires are down on their investments massively what idiots they must be" when this happens a period of accumulation will happen where all the noobs sell the bottom from fear of losing even more
absolute WORST case scenario I can see ~7k being a potential
if the area of roughly 40.5k is held and shows strength I would consider that we've already bottomed however I feel its very unlikely, the amount of selling in general the past year has been MASSIVE and I would not expect all time highs anytime soon whatsoever
My game plan is:
Wait for consolidation / insane headlines
Wait for messages from all the people who are scared telling me they've sold now
Not getting rugged
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