i m waiting for the imminent crash u talk about yesterday. and someone told me its gonna happen in about 2 weeks time based on the same time frame of crytocurrency crash back in 2013 December.
You are viewing a single comment's thread from:
i m waiting for the imminent crash u talk about yesterday. and someone told me its gonna happen in about 2 weeks time based on the same time frame of crytocurrency crash back in 2013 December.
funny though, you can't atisipate crashes acurate. If somthing happens you get a panick sell off or you get an surge in price. Big buyer surge in price or big seller if he dumps big fall and a flat stable until buy order is empty then it will bump down or up depending on where people think the price will go. If majority think it will dump it will if majority think it will rise it will. This is why you have regulations in the stock market so one person can't cash all his assets at ones. Early investors bought their assets cheep so they will dump the price to sell off all at ones. People see the dump and do the same and bots or stop loss orders step in and try to cover the loss and boom it hit rock botom. Bitcoin is high in price because people belive it can store their value or rise in value that is why it has value, why anything currency and asset related has value. Of course you have some assets that pay out dividents in both the crypto economy and the normal economy that give the assets some value, that is the only way somthing can be overvalued or undervalued for real, other assets is just pure speculation and story people belive in or don't belive in. Currencies has demand and supply. Demand is the story, supply is how much you can own of the story. A story will unfold is all that you can say about what happens in 2 weeks. The only think that has real value is the work sombody did to create value. You did to if you buy bitcoin now and in 1year bitcoin is worth 10000 dollars everybody is just "sharing a story"that creates value if you sell; most likely at a lower price you are devaluing the currency. Same with dollar and all oder crrencies. To compleate the cryptocurrency revolution you need independent value of tokens either buy dividents or buy have a store that take only lets say dogecoin or a coin just for that store. Then you can buy a jumper with 10 of theese coins. An other store has an other coin and with theese you can buy phone fore 10 of thees coins. Then the shopkeeper at the first store want to buy a phone he need that other coin then he use an decentralised exhange and exhange the coins fore that phone. Let say the phone is worth 10 jumpers. he need 100 of his coins to get 10 the other shops coins and buy the phone. That is real market value. That is how an ideeal world economy world bee like 🌍