Out of an ass predictions. See I've even made this meme week ago.
This shit is not going below 6K, if it would, it would be done by now. Why ?
Here's my thoughts in logical progression: >BTC went tanking after 20K run >BTC went to 6200 at the beginning of February >BTC went into 11K territory after that >All the panic shits sold, even with a loss >Price stabilizes around 7K-ish >Partnerships around coins happen >Devs are still working on their ICO-s and tech because they have money for years >New startups around blockchain rise >New coin rise >New ICO's rise >New bullrun starts soon
This didn't die after slaughter in last 3 months. It's a new year. You think people will just sell and flood all of their mining equipment ? You think NVIDIA and AMD will let them do it ? You think all those companies around blockchain will fall, and thousands of engineers will flood the market ?
Technology needs adaption, and that is coming for some projects. When this happens, I don't want to think about if I buy now or when BTC was couple hundreds or thousands lower.
BTC is my middleman here, and I'm exchanging it's value in USD to ALTs, since BTC is fkin obsolete in comparision to the projects that are taking place.
That's short version of my thought process. I will be happy if You point out mistakes here
> Out of an ass predictions. Yes, that's the thing they're out of my ass, but you can buy some at 6K, some at 8K next month and still have a happy ending. Not that many Bitcoins have been bought over 6K. My main idea here is that because of the current BTC price a lot of alts are still extremely inflated. But you can do your thing if you like, I'm just saying if the target is selling EOY what makes sense to me is buying along the year. I don't believe in a death spiral situation, but miners can play this in a lot of ways and some may be more interested in accumulation than operation above costs for a while. If this started getting really bad they could stop upgrading equipment, maybe even sell some and we would get slower transactions but they would still be fine as long as they believed they would recoup their investment at some point.
Dude it's your call and your money, I'm not trying to attack you and sorry if it sounds that way.
Justin Campbell
On binance TRX/BTC > BTC/USDT ????? What a fucked up timeline
Parker Johnson
That answer was just a rant, no need to be sorry, it didn't came from anger from my side and I wasn't offended by any means.
If there will be more "sales" next month, I will just average my cost. There's a lot of negativity here about this is over etc. Good that there are people still who engage in a normal conversation like yourself.
What's Your plan and portfolio for this year then user ? Which alts are inflated the most in your eyes?
Also miners control a huge part of this game, I am not counting against them, and especially against companies that made bank from them.
Jordan Hall
JIBREL GET YO ASS DOWN HERE I BROUGHT HOME SOME GRAPE SODA
