You will get at most, one more chance to buy Bitcoin significantly below the current levels. Bitcoin cannot sustain a drop any lower without catastrophic ramifications for the entire crypto market. Firstly, price is just above the weekly 200 moving average, which is a historical bounce point for BTC and in traditional markets is basically the point of no return. Secondly, the entire crypto market cap is about 108 billion right now. The CME group only serves markets above 100 billion market cap - if this drops below it, the CME's circuit breakers will trip and trading will be flagged. They can allow it to continue for at most two weeks before halting trading. This may or may not happen. But in order for crypto to survive and continue paying out members of the ponzi, Bitcoin needs to bounce here and Bakkt needs to succeed. They aren't going to let their golden goose die before dropping its biggest egg.
You will get at most, one more chance to buy Bitcoin significantly below the current levels...
Bitcoins dead dude everyone knows it has no fucking value besides first mover advantage and that's priced in
agreed
blockchain is here to stay, Bitcoin was just a dumb fad.
>muh bitcorn
ETH will flip bitcoin.
Bitcoin is obsolete
ETH was a fad, too. Nothing special. Better than Bitcoin, but not special.
Correct, this is the bottom, or extremely close to it. Also, Aergo will moon.
Dumb
Bitcoin dying would be great. Yes, it would drop prices - temporarily, until actual utility starts to show.
>The CME group only serves markets above 100 billion market cap - if this drops below it, the CME's circuit breakers will trip and trading will be flagged.
Bs. Cme futures are for bitcoin, not crypto in total. Bitcoin is already below.
They can make more money shorting BTC to zero.
Play in unregulated markets, get unregulated results.
The day Bitcoin is below $1000 will be a good day. It will be the moment you fucking idiots realize it's over.
why do you fucks keep bringing up bitcoin?
it has no future,
it has nothing.
it has a legacy maybe.
its not even the best crypto tech wise.
its an outdated dinosaur and the only reason your in it is to make money off it.
so if you can't make money off it.
then what value does it have?
cuz thats basically all bitcoins value was compared to the other shitcoins.
so why the fuck u trying shill me into buying your junk?
fuck let it die.
its been alive for far too long.
let it be a history lesson.
don't make shit that doesn't scale.
don't make shit that can't actually be used in day to day life.
you expect a paradigm shift when the common joe can't even use your fucking coins.
Wrong and wrong
Idiots and newfags don’t even know why BTC can’t be replaced. At least not for a very long time.
sorry btc is the only crypto that matters.
the only trustless distributed unauthorized public ledger to date that actually works somewhat.
Lol. It will be replaced by ETH next year
>it has no future
An ETF would result in a new bubble. That's about it.
Wrong. Bitcoin is a centralised ASIC ridden boomercoin. Ethereum does everything that bitcoin does but better and then more functionality on top.
>Bitcoin is a centralised
not really there are about 14 pools 7 that actually matters. but the protocol is decentralized i mean sure if there is only 1 miner left btc would in practice be centralized but any day a hundred other miners can join so the coin is decentralized. many coins that boast about scaling better can't say the same. they all use special authorized nodes and voting and whatnot. none of them has what btc has.
>They can make more money shorting BTC to zero.
You are completely fucking retarded and/or delusional. In order to profit on a short you have to BUY. The CME futures handle $200mln in volume each day, with an open interest of about 16000 Bitcoin equivalent. What do you think is more profitable? SIXTEEN THOUSAND BTC worth of shorts from $6k, or millions of BTC bought at 8k-3k and sold for 10x returns?
You have absolutely no sense of numbers and its a wonder you have not completely burned your net worth trading by now.
ITT: delusional shitcoiners cope
Normies only know bitcoin. Normies will only buy bitcoin.
No one cares about Tardcoin and its amazing team that has coded smart bridge contract swaps with java support and a partnership with the city of Perth to something something global warming.
Lot of BTC fud and ETH love on here today.
Fucking lol
>only normies matter
wtf is this bravenewcoin index thing, i seen it a few times?
this /thread
>But in order for crypto to survive and continue paying out members of the ponzi, Bitcoin needs to bounce here and Bakkt needs to succeed.
>deflationary currency is a ponzi
Maximal brainlet larp thread disregarded.