It's obviously incredibly hard to predict where something as speculative as BTC will go in the future, some say $1M and others say zero. But one thing I would definitely avoid is taking advice from people promoting it because of their own self-interest, like that Saylor guy. He has zero credibility in my eyes.
Any guesses what company is this?
If you guessed Bitcoin, you'd be wrong.
Boeing.
I'm sure much could be said but my only comment is these are crazy times, including the last 5 years.
Sadly from my experience running a stock trading forum focused on mining stocks, when this happens a bunch of these guys will keep this up right to the end and then be highly at risk mentally. It doesn’t help that because of how vocal they were while it was going up, people will take pleasure in laughing at them and taunting them as it falls. I hope everyone here is doing ok, and if things are looking tough just be aware there are more opportunities ahead of you.
Fascinating concept in my view, but Bill Gates’ assessment that digital asset trends are "100% based on greater fool theory” seems to me to be increasingly spot on.
While Bitcoin is, in some important respects, very different from the fraudulent crypto-related companies that are currently (and rapidly) being exposed, and it may well survive, if not thrive in the long run, it is both fascinating, and potentially horrifying, to see how interconnected these unregulated businesses have become.
Back in April, a real journalist by the name of Amy Castor, who specializes in the crypto world, warned about Grayscale in this article. Today, someone writing under the pseudonym Michel de Crypadamus, published this related article.
Even if one is Bitcoin bullish, this is yet another cautionary tale about the immense importance of how one chooses to buy, sell or hold such an "asset".
Aren’t we equal to the NASDAQ drop now?
Nasdaq has lost about 1/3 of its maximum value (from Fall 2021), BTC has lost more than 2/3 from Fall '21, and more than 1/2 from the more recent highs in March '22. If you bought a long time ago, you can afford to be philosophical about it, but FOMOs who jumped in over the last 6-9 months are rightly feeling a bit panicky. Unlike the S&P, there's really no guarantee that this will pass.
Damn drop a few nukes nothing will come back we know very little about the future and you are correct about nasdaq as a whole but many individual names are down as much or more than Bitcoin sucks just as bad if u bought them at the top
