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"Neil Wilson, the chief market analyst at Markets.com, called it a "bloodbath." “Things looks like they only get worse from here. Where is the incentive to buy
by will_pseudonym 8y ago
"Neil Wilson, the chief market analyst at Markets.com, called it a "bloodbath."
“Things looks like they only get worse from here. Where is the incentive to buy? It does rather look like the bottom is coming out of this market,” Wilson told The Guardian."
Disclaimer: I have never owned cryptocurrency.
It's always humorous to me that analysts end up recommending you buy when the prices are at absolute highs, and never recommend buying at relative lows. The fundamentals of BTC haven't changed from a year ago. If you believe in BTC at all, it's a steal right now compared to its potential future value or its previous high from last year.
- sdinsn 8y ago> The fundamentals of BTC haven't changed from a year ago Arguably, they have, due to hard forks.
- will_pseudonym 8y agoI don't have a lot of knowledge of the hard forks, but I can see that it could definitely change the potential demand of BTC. Is there a BTC fork in your opinion that is most likely to succeed?
- Fjolsvith 8y agoThe fact that future forks can happen is destabilizing, IMHO.
- Fjolsvith 8y agoAlso, there seems to be a 'war' going on between the two forks. [1] 1. https://blog.cotten.io/bitcoin-coin-fork-satoshi-vision-losing-1-500-an-hour-7b49a5e5bae1 https://blog.cotten.io/bitcoin-coin-fork-satoshi-vision-losi...