This is NOT Clickbait!!!
Ok maybe it is.
But let's discuss something, as I always appreciate people's inputs to my POV.
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All everyone is talking about is support this, resistance that, trends, historical data and it's a complete 50/50 long/short among retailers.
So here's me asking you the following, and stating some opinions.
Nothing matters now. Altcoins are being converted to BTC (which holds/pushes BTC price a little bit), and when the time is right, it will have a mass dump.
And this is backed up by my idea of supply and demand ideology, where no one who is looking to make profit would buy an asset at its current cost of production price (or even at a premium). Just like we'd look to buy bargains to make profit (or even go at a sale to buy something at a decreased price), it's the same ideology here.
Just like when a real estate titan would not go and buy property at their all time high prices and would go buy them when the market is in need to sell.
So, if the production cost for example of BTC is at 15,000, how does anyone expect the price of BTC to start going up, if no one that has the power to purchase it and make a difference would touch it?
Another point, Bitcoin used to be the main way of making anonymous payments which offered a competitive advantage to this solution in the market. Where is this competitive advantage now when 99% of the platforms require KYC and everything is tracked. The only way for someone to move the money and make it untraceable would be these laundering systems that break them down etc.
So if there is no utility for it, and all we're talking about is the prospects, then what is the real worth of BTC right now? And why would it increase in value to people who actually understand and can access the utility?
Thanks everyone. Looking forward to your thoughts.
But let's discuss something, as I always appreciate people's inputs to my POV.
-
-
-
All everyone is talking about is support this, resistance that, trends, historical data and it's a complete 50/50 long/short among retailers.
So here's me asking you the following, and stating some opinions.
Nothing matters now. Altcoins are being converted to BTC (which holds/pushes BTC price a little bit), and when the time is right, it will have a mass dump.
And this is backed up by my idea of supply and demand ideology, where no one who is looking to make profit would buy an asset at its current cost of production price (or even at a premium). Just like we'd look to buy bargains to make profit (or even go at a sale to buy something at a decreased price), it's the same ideology here.
Just like when a real estate titan would not go and buy property at their all time high prices and would go buy them when the market is in need to sell.
So, if the production cost for example of BTC is at 15,000, how does anyone expect the price of BTC to start going up, if no one that has the power to purchase it and make a difference would touch it?
Another point, Bitcoin used to be the main way of making anonymous payments which offered a competitive advantage to this solution in the market. Where is this competitive advantage now when 99% of the platforms require KYC and everything is tracked. The only way for someone to move the money and make it untraceable would be these laundering systems that break them down etc.
So if there is no utility for it, and all we're talking about is the prospects, then what is the real worth of BTC right now? And why would it increase in value to people who actually understand and can access the utility?
Thanks everyone. Looking forward to your thoughts.
Catatan
What if the value of crypto exploded without a real reason, and only did so when the unlimited printing of money started happening+ heavy influence from social media and mass media. Kind of like covid, when stars would go and say "get vaccinated" and any other major political/economic event that acted as a distraction from a grander scheme of things. How many influencers have appeared out of nowhere in the past 5 years?
What if all of the influencers appeared because it has been noticed that people don't watch the news any more, and it's just another way to keep the people in control?
What if all of this happened in order for people to gain acceptance of digital currency and then the government shifts to a fully digitalized and tracked currency that will calculate one's footprint, or something else?
I'm not trying to impose opinions on anyone, I'm simply asking, what if...?
Thanks all.
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