Let's take a look at BTC in Log scale. The last 6 months have been hyperbolic, parabolic to say the least. Let's get to some fundamentals shall we?
When speculation outweighs utility of anything, it's a bubble. Blockchain in its current form is not scalable to average user.
The average TPS for current bitcoin transactions is only 7, and segwit may double/triple it. For BTC to become new money, there needs to be a major technological advance.
Or, thinking about BTC as the new gold, Bitcoin ETFs need to be opened so that general public without much computer/crypto knowledge can own bitcoin.
I think crypto winter is here, for the short term. Let's see if lightning network can successfully scale bitcoin to the masses. If that happens sky is the limit!
Until then, speculation outweighs utility and we probably won't break 20k anytime soon( Unless Bitfinex decides to print another 2 billion Tether and pumps up the price again)
When speculation outweighs utility of anything, it's a bubble. Blockchain in its current form is not scalable to average user.
The average TPS for current bitcoin transactions is only 7, and segwit may double/triple it. For BTC to become new money, there needs to be a major technological advance.
Or, thinking about BTC as the new gold, Bitcoin ETFs need to be opened so that general public without much computer/crypto knowledge can own bitcoin.
I think crypto winter is here, for the short term. Let's see if lightning network can successfully scale bitcoin to the masses. If that happens sky is the limit!
Until then, speculation outweighs utility and we probably won't break 20k anytime soon( Unless Bitfinex decides to print another 2 billion Tether and pumps up the price again)
ノート
using log scale really gives you a different perspective in life, doesn't it? Hmm
ノート
We have to see if the upper trendline in log scale holds itself. My hunch is it will手動でトレードを終了しました
We've officially entered Bitcoin bear market.. looking to add along the way bottom
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。