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Analysts argue about the fact that affect the BTC price!
11 sats \ 2 comments \ @satoshis_nakamotus 4 Oct 2022 bitcoin
When Bitcoin was trading above $60.000, the smartest analysts and financially minded people told investors that the price of BTC would never fall below its previous all-time high.
Sure, the price has changed dramatically, but have the fundamentals of Bitcoin's network and infrastructure around Bitcoin as an asset improved or degraded? It is important to expand on this data because, for investors, this is where their confidence and investment thesis should be sought.
This is exactly why Cointelegraph hosted a Twitter Spaces with analysts Joe Burnett of Blockware Solutions and Colin Harper of Luxor Mining.
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0 sats \ 0 replies \ @Brunswick 4 Oct 2022
The price of bitcoin is whatever people are willing or cornered into selling it for. Because of the inflationary pressure of the block reward, slow adoption (inherent in financial systems) and global recession the price will continue to struggle. The halving, market acceptance and improving stability of the economy will yield the exponential growth we are all expecting.
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0 sats \ 0 replies \ @8 4 Oct 2022
Bitcoin is obviously a clock designed to attune humanity. Just like a time clock, it is simply a set pace of motion, which leads to cycles.
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