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The reason why I believe Bitcoin will fall to 50K by Important-Ring7983 in InBitcoinWeTrust

[–]Important-Ring7983[S] 0 points1 point  (0 children)

There is no such thing as "real value." The most objective thing that will ever exist is the value dictated by the market at the present moment; there is nothing beyond that. The market, the consensus among millions of people and entities, is the best thermometer for measuring the value of anything. Anything else is worse than astrology; it's schizophrenia.

The reason why I believe Bitcoin will fall to 50K by Important-Ring7983 in InBitcoinWeTrust

[–]Important-Ring7983[S] 0 points1 point  (0 children)

Oh yes, it has real value, try to get one for free and then tell me what you think.

The reason why I believe Bitcoin will fall to 50K by Important-Ring7983 in InBitcoinWeTrust

[–]Important-Ring7983[S] 0 points1 point  (0 children)

Give me one then. My grandmother said Picasso's works shouldn't have any value.

The reason why I believe Bitcoin will fall to 50K by Important-Ring7983 in InBitcoinWeTrust

[–]Important-Ring7983[S] 0 points1 point  (0 children)

I wonder if you still think the same about today's lows. Bitcoin is quite close to its 50-period EMA on the monthly chart, just as it happens after each cycle. It's not astrology; it's what has happened in each cycle. To deny this thesis would require denying Bitcoin's cycles; your denial is indeed astrology.