Quote:
Originally Posted by Fuzz
I'm curious what you think the catalyst will be for it to increase past its previous high? What properties does Bitcoin have that makes it uniquely suited to increase in "value" so much? or are you just counting on hype and human nature to drive up the price?
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The fact I can still sell a BTC for over 30k in about 5 minutes despite being in the worst economic downturn in over a decade is encouraging. I think if it was going to die off it would be dead or near dead in these economic conditions.
Believe it or not its also playing out exactly like every other BTC cycle so far
"A Bitcoin cycle typically lasts for 4 years. A halving event is immediately followed by a 1-year bull market, then followed by a
1-year bear market before slowly recovering to the previous peak across 2 years"
May 2024 is the next split, I would bet (I suppose I have) we will see a new high during this period.
I don't think BTC is the crypto to buy a coffee with...its a way to send 10M overseas in a few minutes without having to jump through 1000 hoops
Buy/Sell/Hate
don't matter...its my opinion it will go up, not in a straight line but really what does