It was a good run boyz.
so.. how big a crater do you think we will leave?
There have been bitcoiners who had several years already arguing that dee cornz has already made its dent, and there is no turning back.
Yet, if we end up failing completely, then that would put us back into a kind of territory (or even an assumption) that bitcoin has not made any difference, and we are not going to get any further run at this.
So yeah, maybe you got me in a bit of a trap here vapourminer because it is difficult to even factually entertain the bitcoin has lost scenario without some kind of major catastrophe - which should well end up being represented in a much larger price crash.
Sure there are spiraling down scenarios (as Phil had mentioned earlier), and those kinds of cases would need a lot more "on the ground" evidence of bitcoiners losing confidence in the investment and BIG players pulling out.. and surely some uninformed folks want to describe some of the more recent information around Elon pulling out to be signs of bitcoin's downfall - which many of us know that Elon does not matter, even as much as people like to attribute importance to him based on the size of his wealth - but we know that he does not matter, because the amount of his bitcoin is not very large, relatively speaking.
surely there could be cases in which Saylor and some other BIG players pull out and go on a kind of anti-bitcoin campaign, and surely we know that Saylor is quite articulate so I could imagine scenarios like that, so long as other BIG players were going along with him, like Fidelity and the Winklevii, and Grayscale and perhaps the fall of big bitcoin exchanges like Binance.. and surely right now, I do think that there is a lot of FUD around Binance going down - which seems like a lot of wishful thinking to me, so I am having troubles considering what all the supposed bad news is that is supposedly going on right now, that gives us much of anything more than a range bound correction that just seems to be in the current lower end of the range (talking about $25k) but still has neither broken below and even if it did we might have to have more than a mere few hours of dipping below.
So golly gee whiz Wally.
**I am having trouble with the steel man of the lack of a dent proclamation - since it really does seem that dee cornz are here and here to stay, even if there might be some abilities to go below the current bottom end of the range and potentially touch upon the supports at $22k and $20k.. but I hate to even think about prior legs before this actually leg plays out to the downity.. so until then, don't wake me up.
** Here's some context for the golly gee whiz Wally reference for anyone who might not know it.https://www.youtube.com/watch?v=zdnD10TqygMhttps://www.youtube.com/watch?v=Bwq2GgZ2Sdw
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