and what happens to those people if crypto melts down??? For you or I 1K, 3k, 5k and etc is no big deal, for some people it is their life savings
They will get to buy more. Let's imagine a person in Argentina, you think they went all in and are no longer buying? Put that imagination to all the countries I mentioned And my friend.... if you think Bitcoin will go to $1K and stay there because the US has banned cryptos completely... you have not put your full faith in the Cult of Satoshi The power of decentralization will prevail over centralized systems. China already tried, let the US get its turn Vires in Numeris
you misunderstood me. I meant people loosing 1K or 5k. In some parts of the world it is Significant amount of money. I wish BTC goes to 1K. The only way it can happen if all fake money are removed from the system.
I thought that's what you meant but I simplified it Losing $1K in relation to btc price? Did you mean losing another 80% from here and btc at $6k? It could happen, but that's how investments go and the person did not lose the life savings, it simply meant the valuation went down and time to keep buying and accumulating I am speaking from experience. I bought btc at $100 and kept buying all the way to $1,200, mind you using credit card funds, and btc crashed to $150, did I lose my investments and was I hopelessly in debt? Not at all, I did not sell my bitcoins and cryptos and kept paying my credit card and other bills and bitcoin went up to $20k The experience was again repeated, when bitcoin crashed to $3k I kept working and hodling There's no problem... It's only a problem if you don't believe in Bitcoin and cryptos and you think it's over
What you taking? On a serious note, I am genuinely curious how your mind works wrt bitcoin never hitting $1M price Are you able to explain it?
BS. none of this is coordinated. The only reason why crypto is as high as it is today is due to fake money aka stable coins. Remove them, and decline will be epic.