The Currency Analytics
By Dan Saada
Bitcoin (BTC) Not for Serious Sacrificial Percentage of Loss
Hard Core Hodlers of Bitcoin feel that patience is the name of the game when it comes to Bitcoin. If FOMO will start again anything is possible.
Some of them are in to Bitcoin for the technology. For as long as the fundamentals remain strong and Bitcoin is legal, many of them who are diversified enough are not going…
Sentiment is also a factor which influences BTC price. Sentiment changes every week and even every month.
Something should be really wrong with the protocol if the price would spiral down to zero. It makes no financial sense for someone to hold on to an asset seeing it to…
If the BTC price would drop to $6000 they will buy more; if it drops to $3000 they will buy twice as much more, and if it drops to $1000 they will buy a hell a lot more.
While the overtly optimistic tendencies of holders like holding on to it if the price rides to zero would definitely raise concerns about the fundamental premise.
Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) definitely has earned some mad respect. The robustness of the protocol is the father of all Altcoin protocols.
Bitcoin according to many is the exit strategy from fiat and an exit strategy from Bitcoin makes no sense.
The bitcoin price ride to zero is definitely a tragic setback for BTC and its entire purpose.
It takes a very serious flaw to have Bitcoin coming down to Zero. It takes some serious sacrificial percentage of loss which is not any investor want to invest in to.