Community Trust ScoreLikely Real
The thing every BTC bull has talked about for the last decade (the fed) is going in reverse. The expectation is that the dip will be largest billionaire destroying BTC fall. Critics have to state that in 12 to 18 months from now, you’ll understand that it is all rigged. Everything. And, you know what? It’s about to change even further. Be prepared for the Black Swan.
For those who do not know what a Black Swan event is about, “A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight.”
Defensive Statement: In 2011 Bitcoin fell below $20; In 2015, Bitcoin fell below $200; In 2017 Bitcoin fell below $2,000; In 2022, Bitcoin fell below $20,000.
Not all are in agreement with this defensive statement. Some are like, “Stop pretending this ever happened before. No. Bitcoin never fell below previous cycle ATH. This is the first time. we are not in a global bull market. it’s a recession. This dip is literally different.”
According to many cryptocurrencies survives on hype. It is expected that it will go to $200,000 in a couple years. However, the expectation is that there will be a new player like cryptocurrency – who knows. Innovation is happening continually.
Community Reaction to the Bitcoin DIP:
I once had to use BTC to pay for something. Absolutely hated the experience. Verifications, fees, volatility, copying and pasting long codes, the risk of losing all money if I get one detail wrong. No wonder it is only used for speculation and not as actual money.
What’s different this time? This time, the Ponzi scheme has been exposed. This time, everyone knows it’s just a huge grift. This time, whole ‘stable’ tokens have collapsed. This time, whole economies have been ruined. This time, people aren’t HODLing. This time is different.
Nice story, but a lie. In 2017, example, price started around $1000, and pretty much stable went up to about 4k, and then ran up hard at the end of the year. No “fell”. Truth is, this time, people are losing real money, their savings.
Moral of the story is don’t buy bitcoin because you know it’s going to fall.
Bitcoin believers are like: BTC will never hit 20$ again’ LOL, that guy who made the defensive statement for Bitcoin is probably wishing he never sold.
