Got a Feeling that Huge Bitcoin (BTC) Crash is Coming

Looking at the current price trends of Bitcoin there is a feeling that a big Bitcoin crash is coming.  However, BTC whales believers say will be selling their stock to buy more crypto, because they tend to understand something that several major economists clearly do not understand.

Peter Schiff:  “It’s curious that Bitcoin has held up so well around the $36K level. My guess is there is a concerted effort by large holders to prop up the price. Judging by the continued carnage in every stock related to crypto, perhaps whales are selling those stocks to buy more Bitcoin.”

Irrespective of what BTC critics have to say, Bitcoin price is holding up because no matter the manipulation Bitcoin is the solution to the monetary nonsense the world is facing due to the shit fiat system. Gold will continue to lose its prowess as people move their funds to new, sound, monetary energy.

There are millions of BTC advocates who buy Bitcoin irrespective of the spot price.  The concentrated effort that believers place in BTC is because they believe in the fundamentals of Bitcoin. Many holders are not bothered about the price.  No matter what happens they are going to buy.  Even if the price of BTC falls to $25, they will look at it as an opportunity to hoard. Obviously, many people want to buy Bitcoin at a discount price and they are waiting.

The belief about Bitcoin changing the world is very strong. BTC is the best risk off asset and. Adoption is increasing. There will be a tipping point where BTC decouples from risk assets and becomes a store of value as adoption increases more.

An obvious argument is that obvious argument that BTC has a loyal following because it’s a decentralized store of value, and the network that supports it (like keeps it up and running) are die-harders. That cannot be said about the USD, and many companies who sell stocks, nor ETFs.

The reality is that the price floor is not held by large holders but by several small bitcoin Maxis holding as well. When the margin calls are over the selling of Bitcoin stops. It’s a real currency.

The many dips have proven how more and more people prefer to HOLD Bitcoin.  The truth is that there is a real market for Bitcoin.

May be as opposed to reading junk opinions about Bitcoin one should start exploring it personally.  It will be possible to discover if Bitcoin is heavily centralized or decentralized.