why is your second blue line steeper?
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this is simply the worst case scenario im personally expecting 4300
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relax bro
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look at 2013-2015 for reference
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your green lines start *after* the 2014-2015 bear...
analyze the events prior and during as well... - 17 more replies
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That can only happen if we have major impairments with on and off ramps. And we went from 3 in 2013 to now 6500.
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on and off ramps are secondary ask yourself why people are buying / demanding BTC in the first place That's what's important
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Ppl need on and off ramps. They are not secondary but integral thru this transition. Let’s just get through this accumulation period. And if bitcoin breaks below $5800 alts including ETH will be crushed.
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yes, they are needed, but ONRAMPS aren't what cause BTC price to go up *in and of themselves*. they are merely a useful tool AFTER people have decided in their brains to go and buy the stuff
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Where are ppl going to buy bitcoin at. The on ramps. The more we have the more ppl can be served. And on ramps are created because there is demand. There is an incentive (profit) to get into that risk.
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demand has been waning in 2018... no one knows where the descent stops
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I’m not worried about where it stops. I don’t know either. The greatest risk is timing. It’s basically a self directed 401K. Millions of ppl in the US have a 401k and never look at a chart or know what they are buying. Maybe one day bitcoin will be 401k eligible too.
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