Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different
I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?
Under 1$ after a year? Pretty much impossible, bitcoin is not bolivar lol.
The amount of people willing to buy cheap bitcoin overwhelms the likes of you, go ahead and try selling all your bitcoin, only to see others buying it. Such a low price for an asset that is wanted cannot simply drop like that.
The conditions for people to want or not want bitcoin have not changed much. If anything, more people want it compared to the amount if bitcoins available in the market, which is the reason the price is, 8 thousand times more or what your perceived value is, and have been for more than a decade.
Doesn't matter what you think, its what the collective (market) thinks. Want to sell? Fine, others want to buy. But its useless to you? But its useful to them.
Its not a religion, so its not about
believing. Go ahead and sell if you like, see you in 10 years evaluating your decision.
My opinion is that Bitcoin is a giant success.
