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RE: THE "TRUTH" BEHIND RECENT FLASH CRASH. Is dream of BTC reaching 100k usd this year over?

in Project HOPE • 2 years ago

I don't think Bitcoin will reach that legendary 100k level in a matter of 25 days. And if did, then to me, it would sound like a negative sign for the long-term growth of crypto. Pumping Bitcoin to double value in a single month will eventually mean dumping it in the months that come afterward. And I always prefer slow and steady growth over pump-dump scenarios.

how much $$$ was worth those dumped 1500 bitcoin right before the entire dump started?

Honestly, I'm not the best person to answer that question as I usually don't care about the day-to-day prices, but to the best of my memory, it was something like 57k so the amount sold was probably worth about 85m ?

Thanks for sharing your thoughts on this matter. Have a good week :)

2 years ago in Project HOPE by
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     2 years ago 

    Hi @qsyal

    Thanks for dropping by and sharing your feedback with me.

    I don't think Bitcoin will reach that legendary 100k level in a matter of 25 days.

    We clearly are on the same page.

    Now it's clear more than ever. BTC is already below 50k and only 20 days left till end of the year. I'm not even sure if reaching all time high is even possible any more in such a short span of time.

    If only those leveraged longs would not be liquidated, then BTC would probably break ATH already. But that one huge manipulation and following cascade of liquidations changed everything. Wouldn't you agree?

    I always prefer slow and steady growth over pump-dump scenarios.
    So do I. It's much healthier way to move forward.

    but to the best of my memory, it was something like 57k so the amount sold was probably worth about 85m ?

    That's correct. Solid upvote on your comment on the way! :D

    Stay safe and stay lucky ;)
    Cheers, Piotr

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