Had a serious laugh on this one!!!
Similarly the panic sell is the emotional response to a couple of events including the Russian negotiation and the news about UK buying 2 of their spies from Iran for half a billion dollar that signals possibility of Iran's oil coming back to European markets.
Soleimani, is that you? Oh yeah, you can't be, fortunately for eveyone.
Half a billion dollars for two spies? Seriously???
Again with those numbers when you claimed an Iranian rocket destroyed more property than what the entire damn Burj Khalifa costs?
When I read stuff like this I wonder why do you even try and disguise it as a normal economical discussion.
Regardless of the recent short term volatility the oil price has been rising for a long time. It was about $20 mid 2020 and kept on rising in the past 2 years and it was about $90 before Russian invasion even began (reminder: long term). Interestingly this 350% rise is something that some people don't want to see.
It was over 100$ from 2011 to 2015, it was over 130$ in 2008, Europe is still here as you can see, and still being able to produce stuff. Like those 25 billions of planes, Iran has bought from us since they run out of ducks?
I love how when it comes to some facts you want to show off you go for long terms but when that doesn't work here you simply share the smallest timeline to fit your story. Europe is more used to oil in the 60-80 than to oil at 30, and btw prices below 40$ for Brent happened only for 4 months in 15 years.
LONG TERM price from February 2021 to April went up and reached a new ATH. The 16% drop in last week of February is irrelevant since risen costs of everything didn't go back to normal after that week whereas bitcoin price kept rising for about 3 months.
Of course, the thing is irrelevant because it doesn't fit what you want to paint.
Bottom line is that despite the investors putting their every penny in
BTC we are still just 2x from the previous ATH from 2017, so that might raise a few questions.
Second, you're forgetting something, why is it going down from November when there is an incentive to grow even further? Why has it lost 40% since then?
The fact that your theory doesn't work for the February case, you can't use it for November either even though price hasn't gone back up yet.
Theory? What theory?
I was telling you the prices are lower now than then!
How can prices be lower when you think people are putting more money into crypto?
What I did is an observation of a real fact, it's your turn to come up with a theory for it on how prices for something can go down when there is more demand and less offer.
