all this stuff about mining, plus the lightening network, etc... are just smoke and mirror stuff that the whales put in front of the public as distractions. none of this stuff matters. we've discussed before.. it's a scam...I'd pull money out and buy some real stuff like the qqq.
this time is different. this run to $20k and coming back down.. this put the public all-in... I posted the retail sentiment on this many times.... 4:1 long:short ratio among retail.... certain death sentence when the house has distributed this much to the public.
Yikes, I don't know where I said that I was not affected by previous bitcoin price crashes and I'll say it now at the risk of contradicting myself, it always affected me, but not to the point of giving up and selling all my cryptos. Even now, I have no plans of cashing out even if 5,000 hits and goes even lower. Something is different starting late last year, as that's when I started to spend bitcoin. Year to date (I have to keep track for Tax purposes), I've spent over $15,000 using bitcoin ranging from computers to hotel stays. If it goes below $5,000, I will literally not spend anymore bitcoin same as in previous years when I was only a buyer.
You bears are very confident even facing a triple bottom with each bottom 60 days apart. I am thinking that we saw the low today never to be seen again, ever. LOL if you want but we shall see.
OK. LOL. Why not? I'm genuinely curious. I mean even if we eliminate all the bullshit "it's going to a million hype", I'm sure it will re-test the highs which make it a 3 bagger from these levels.