BTC is still overvalued:
- Largest pump in history. We are at -70% retrace vs 85% compared to last bull run
- No adoption yet. What would matter if it was $500 anyways? Volume > Price if you want to gain adoption.
- We are around +4000% (40x more) on the past 3 years. Average ROI of stock market is 7%. 21% vs 4000%. Just think about it.
Last bull run had the fall of mtgox, adoption is minimal now but all the large corporations are hopping onto the blockchain and adoption will increase exponentially over the next 5 years. This is really the beginning.
>Largest pump in history. We are at -70% retrace vs 85% compared to last bull run
yup, i agree. largest pump in history on fake tether can only be rectified by the largest dump in history
Bear euphoria.
Checked
Nice cope
>he thinks adoption matters
btc is not here to be used as fucking payment but as digital gold, in that case the smal adoption is a blessing because the price will obviously grow exponentially the more adoption it gets. also, everyone knows by now that new, more convenient ways to buy into bitcoin as well as normie appeal are on it's way, take bakkt as example. i'm holding almost 50 bitcoin right now and not a single fucking tether because i'm rather balls deep into btc at this point where it's a guaranteed moonshot instead of waiting on the sidelines for an even lower low than the last one we had, risking to miss the biggest ooportunity of my life because i tried to catch the bottom
Is... is this really what bitcoin people believe?
>he thinks 7% annually for 3 years is a 21% gain
hahahahah hate to break it to ya champ
but you're a brainlet
It's a general representation faggot. I am not going to please your autistic compund/inflation/tax/etc OCD,