You see headlines like bitcoin could reach 100 000 bitcoin going up over 1000 i even ran into someone the other day saying he invested because he knew someone who made over 100 000 investing in bitcoin. Why i predict bitcoin will go to zero it seems the mania and hype have reached epic proportions. Or there could be a dead cat bounce.
It won t go quietly but the recent precipitous drop may be the beginning of its inevitable and inexorable death spiral. In my opinion bitcoin is dead. In february we wrote an article suggesting an imminent wave two bottom which proved correct holding support by 10 on some exchanges.
If you have followed us since december 2018 then you know we were expecting a major bottom in the cryptocurrency market and expecting 2019 to be very bullish. Most cryptocurrency commentators were not shaken out arguing that this is just the reality of owning btc. Peter schiff still thinks bitcoin can go to 0 bitcoin saw an explosive flash crash on saturday that resulted in over 1 billion worth of liquidations.
This is not a bitcoin going to zero scenario but will have major price implications. The whole governments will ban bitcoin argument seems to be over but we will see plenty of action in 2019 as legislation is passed. For me this fact alone makes it very clear that bitcoin will not go to zero.
It could redefine how we transact value. However a report by stack funds says the digital asset s extended bull flag continues with long term narrative intact. Bitcoin never going to zero philanthropist giving away money to buy btc july 11 2020 this week the price of bitcoin moved although it continues to trade in a tight range and is still hovering around 9 200 on low volume.
Peter schiff still thinks bitcoin is going to crash to 0 despite 20 surge elevenews bitcoin has seen an extremely strong performance over the past two weeks even factoring in the saturday flash crash that took btc down 1 500. Don t get caught long when the music stops. It s purely for speculators looking for action who don t mind the risk of trading a worthless digital asset that will eventually zero out.
Bitcoin is not for conservative investors looking for a safe haven or a store of value either.
Bitcoin going to zero. Though the leading crypto asset is in its tough time it does not mean that bitcoin will go as low to zero. It will be a hard task for bitcoin to dip down to zero. In the past bitcoin had faced worst crashes but it did not go as low as people think it can go now. Instead of this these crashes helped bitcoin to go up and the interest in bitcoin increased as well.
So it does not apparently seem that bitcoin can go to zero. Bitcoin btc can crash hard but not so hard that it ends up costing 0 because one man is going to buy all of it. In tweets on july 9 entrepreneur and outspoken bitcoin bull alistair milne revealed that he had placed an order for 18 52 million btc 174 billion more than the.
In tweets on july 9 entrepreneur and outspoken bitcoin bull alistair milne revealed that he had placed an order for 18 52 million btc 174 billion more than the. Bitcoin btc can crash hard but not so hard that it ends up costing 0 because one man is going to buy all of it. So it does not apparently seem that bitcoin can go to zero.
Instead of this these crashes helped bitcoin to go up and the interest in bitcoin increased as well. In the past bitcoin had faced worst crashes but it did not go as low as people think it can go now. It will be a hard task for bitcoin to dip down to zero.
Though the leading crypto asset is in its tough time it does not mean that bitcoin will go as low to zero.
