The US government could QUASH Bitcoin

3 paź 2023

Worst case scenario has majority of the market greedy but cautious. If this did happen would the market run to altcoins causing a massive unprecedented bull market removing bitcoins dominance on the market. Bitcoin is great and i love it but it does have its pros and cons that affect long term investments and resources are demanding and so slow to process transactions.
Thats why i love algorand and its community. Honestly looking at the market today and examining consistant pressure from the SEC halting ETFs and enforcing years of litigation on most of the top altcoins in the market. I am seriously nervous right now. Its a bubble market that has everyone on the edge of whats next.
Honestly i have no idea but if whales don't start moving soon bitcoin could begin its first macro bear market cycle that could last years.
Looking for that perfect pattern to trade is hard and money tends to move in the exact same way if you zoom in and out comparing everything in the market. This is theory currently but a good one with some evidence of possible outcomes. Scary but possible if market does not start showing strong bullish moves soon.

4 paź 2023

Uwaga

The debate right now for market trends is if bitcoin doesn't test 69k before the bitcoin halving then the bull market will not have the high volume we seen in 2020-2021. That will tell investors that bitcoin is overvalued. For continuation of bitcoins future bitcoin will need to rise every few years to staggering heights to keep hedgers onboard. Currently 1000's of investors i have spoken with believe a 48k support will need to present itself strongly to break above the 69k threshold. Much debate and planning ahead needs to happen or you see what could happen.