But if that is true, then we can expect another 80% downturn right after the halving, right? And if that is true, why would you buy BTC above, well... $20k? And if no one buys BTC above $20k, how come it will surge to $100k, knowing you should not or you will lose? Hmm...
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Greg, great points. You know it is an enigma in some ways this is why most folks that don’t mine use their entertainment money to participate. It is an exhilarating experience. The short term is up and down they long term will be up.
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Correction: Towards 14K
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