I wish I could get paid 6 figures to spew nonsense about things I do not know anything about. Great gig! It is all legit because with a Ph.D one can do no wrong.
14,400 and rolling over...No surprise. The sheep were fleeced. BUT BUT BUT "This time it's different". Going to a million, all the experts told me. $21 trillion cap. ROFTLMAO
The original "WOLF OF WALL ST". Jordan Belfort was on Tai Lopez podcast and even called it a ponzi scheme. He said we all know how ponzi schemes end.
I suppose I'm seeing it more as a gauge of conventional usage adoption. No future bullish interest in wall street= no growth. Plus one can always measure up against the unregulated future volume I suppose. @ 22 million coins @ 50k per coin you're talking a trillion market cap which to me seems unrealistic compared to the whole financial market (couple of trillion?). Bitcoin's cap of the market is already down to 50% of total crypto (thought that can violently change either way).
Retail has no clue what's going on. Bitcoin market cap went from 420 billion to 276 billion in a few days. When the king drops to his knees the rest follow. I called this 3 days ago. Litcoin just lost support of 290. Keep buying retail. Falling knife.
Just dropping and dropping....now 25% drop from highs. Under 15k !!!! Waiting for alt coins to follow!!!!
Adoption is disappearing due to fees and slow txs. But let's say BTC was still fast and cheap fees, nobody is adopting because everybody is hording it. It could still grow without HFs, after all it went up 19 times YTD. So I don't see it as a necessity for growth. But usability is a necessity, and right now BTC isn't usable as a currency. And there is no quick solution in sight, while the other altcoins are just working fine. Time to jump ship, because this coin has jumped the shark.