BTC future

[Drippie]

Do you guys think bitcoin will grow to it's peak ever again? Or do the crackdowns mean the end or at least a significant regression in it's growth

[[MPGH]Magictouch]

I am pretty sure it will, just a matter of time.

[GAAF]

If BTC can fix it's problems in order to be an actually useful currency:

• Transaction Fees
• Transaction Times
• Open / Surveillance Blockchain
• ASIC's Centralizing the Mining

Then maybe. But that's an impossible ask. Right now bitcoin is really just an institutional investors FOMO pump. The people buying bitcoin right now are not using it to transact, like they were in the old days. People are using it as a "Store of value" which really doesn't make any sense.

Bitcoin, like most cryptocurrencies, isn't backed by anything. There is no inherent value, thus its only value is in its utility to transact as a currency. When bitcoin was in the early days, when it was mainly used only on the dark web and it was the first mover in the space, it had lots of utility compared to the competition (credit cards and wire transfers). But now that privacy coins exist, and the flaws of the bitcoin blockchain are being exponentially worsened (transaction fees / times getting worse, and chain-analysis becoming standard for both governments and exchanges making bitcoin even less private than USD) it has very little if any utility.

Thus, bitcoin really has very little value, the only reason it is still priced so high is because the institutional investors and people buying crypto are not using it to trasnact, and don't really understand anything about it other than "number go up".

[Allura]

BTC is dead right now. Come back in 2.5-3 years and buy back. If you didn't sell your stack already, you fucked up. I didn't sell my stack in 2017 and i cried from then till 2020

[ukemlow]

BTC is dead right now. Come back in 2.5-3 years and buy back. If you didn't sell your stack already, you fucked up. I didn't sell my stack in 2017, and i cried from then till 2020

you are totally wrong. Bitcoin going to $200k Bullrun start in august or July

[Allura]

you are totally wrong. Bitcoin going to $200k Bullrun start in august or July

To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving

[`Jess]

To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving

True. I've lost a lot when i hold it when it's at $60K+, now i've lost half of it. it's fucked up.

[Investemeter]

To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving

history is history bro I also have hopes about 100k in this 5 months

[ukemlow]

To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving

however bitcoin in the bottom

[Allura]

history is history bro I also have hopes about 100k in this 5 months

however bitcoin in the bottom

Can't wait to see 1 Trillion dollars flow into bitcoin in 5 months

[Drippie]

Im just holding because i dont see it dropping too much more. I believe in the long term my 6K investment will grow significantly but I'm unsure so I'm curious about putting some more into xrp

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idk i may have fked up

[Allura]

Im just holding because i dont see it dropping too much more. I believe in the long term my 6K investment will grow significantly but I'm unsure so I'm curious about putting some more into xrp

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idk i may have fked up

You definitely did. You can wait and hope bitcoin hits $40,000 again (but it shouldn't go any higher than that). Bitcoin is most likely going to bottom out at around $10k-15k. However, this downward process will take about 2.5-3 years from now

[ukemlow]

You definitely did. You can wait and hope bitcoin hits $40,000 again (but it shouldn't go any higher than that). Bitcoin is most likely going to bottom out at around $10k-15k. However, this downward process will take about 2.5-3 years from now

you freak me out bro

[Allura]

you freak me out bro

Why? History more or less always repeats itself with Bitcoin. We are in a bear market and will be for a little over 3 years/until the next halving happens.

[ukemlow]

Why? History more or less always repeats itself with Bitcoin. We are in a bear market and will be for a little over 3 years/until the next halving happens.