0 like 0 dislike
0 like 0 dislike
The economy is way worse than the media/governments are sharing. Germany just "borrowed" (printed) billions of euros to help with energy costs, Chinas housing bubble is collapsing. A lot of places have much higher gas/energy price because of the war. The governments preaching "green energy" is not helping with the general prices of things, since our technology is not efficient enough yet to have most of our energy from green energy. Everything is just coming together like multiple trains on their way to crash into each other.

​

It is possible that BTC could go to 10k, but that is highly unlikely in many charts. But if a major world event happens, e.g. a nuclear bomb gets dropped, we might be another 50% down. This will only be a Black Swan event though.

The other option is that BTC will have reached it's bottom here and it will begin it's slow and steady descend up.

Right now is anyway the best buying opportunity for a long time even if BTC will crash, you just got to have some cash set aside.

Touching back on Germany, they have been A boiling pot for a while now. Transferring from Fossil Fuels and Nuclear energy to Windmills and Solar. This may seem like rainbows and sunshine. I have a few friends who live there and I asked them to share their monthly energy bills with me. They usually payed 150 ish Euros a month. Now they are paying 600 Euros a month. In a 2 Bedroom APARTMENT. THEIR ENERGY PROVIDER ASKED THEM IF THEY WOULD NOT LIKE TO SWITCH TO ONLY 80% GREEN ENERY, FOR ONLY 800 EUROS A MONTH.

The average salary is 50k a year in Germany. 50/12 is around 4k a month. 600 goes to energy alone. Factors in 30-45% taxed, there is nothing left to live on if you have a family or whatnot. You don't even have enough money to invest in BTC, even though right now is the best opportunity in a lifetime, for a long time.

I would like to say that Nuclear reactors actually produce LESS C02 per km² than windmills. Go look it up if you don't believe me. France s building more of them and their energy prices are much better, 1/3rd down by average. I would also like to point out that Windmills destroy habitats and wildlife, even when in the Ocean. Don't get me started on solar panels.

I did my research to find my arguments,

I would like to make a few more point on this, but I don't have much time.

This might have been quite out of order, but I had to let this out.

Let me know what you guys think, will be answering a few questions possibly.

11 Answers

0 like 0 dislike
0 like 0 dislike
It'll go lower. 10-15k. Wish it didn't but it follows stocks, and stocks likely have another 10-30% till bottom. DCA is the way. Or hoard cash if you're certain it'll go down and try to time the entry. Good luck to us all.
0 like 0 dislike
0 like 0 dislike
BTC may go up or down over the next couple of years.  No one knows and crypto is notoriously volatile.  The question you need to ask yourself is whether you believe crypto has a bright long term future.  Most of the people on this sub believe it does and that's why they are here.

Crypto is a speculative investment with potential for spectacularly high returns, but it may take years to achieve them.  Or high returns may never come at all.  Speculative investments are like that.
0 like 0 dislike
0 like 0 dislike
Best to have a cash reserve (despite the inflation **fee** for doing so) ... you want to prevent yourself from having to cash out at a loss because of unexpected personal needs.

DCA a little bit into BTC... but also DCA into cash savings.

.... later if BTC crashes, you can buy the dip ... provided you have enough savings to do so and still have a little left for emergencies.
0 like 0 dislike
0 like 0 dislike
Bitcoin will be unaffected

The exchange rate of fiat money per unit bitcoin will continue to fluctuate, until eventually going to infinity as fiat implodes
0 like 0 dislike
0 like 0 dislike
If fiat is all taking a dump and people convert to crypto as a safe haven, or if rich people want to flee, then BTC is probably gonna do really well.
0 like 0 dislike
0 like 0 dislike
I am not sure why everyone follows price. Understand what you own and why you own it; price is irrelevant
0 like 0 dislike
0 like 0 dislike
Tbh Bitcoin has been my most stable asset in recent months. Stocks have gone in the shitter, even more than before.
by
0 like 0 dislike
0 like 0 dislike
Badly, because the speculative, long-term assets are hit hardest by tightening monetary policy and economic downturn. This has been seen consistently.

And if a nuke drops, you're not going to give a shit about the price of Bitcoin lol.
0 like 0 dislike
0 like 0 dislike
I don't understand how you guys equate inflation and money printing with bad economy? Like how does this even make sense to you. If you have an asset I don't care if it's a horse or a house or Bitcoin or gold or whatever and you print more money what happens to the price of the asset?

There you go

So when people look at the price of Bitcoin or the price of the stock market and they say oh it's down but inflation is up and money printing is up it just means you're early ! If you print more money assets are going to go up
0 like 0 dislike
0 like 0 dislike
hodlers limit circulating supply
miners add to the circulating supply
stackers meet new supply with new demand
price reaches somewhat of an equilibrium

if holders are forced to offload btc, price will come down
if stackers stop stacking btc, price will come down
if miners have to sell more btc to cover expenses, price will come down

there is higher risk of all three of the above in the current economic environment if we face further unemployment on top of inflation, especially energy costs that impact miners as well as hodlers’ and stackers’ disposable incomes and other savings vehicles

if there are sales, it’ll be people that don’t want to sell…

there may be enough on the demand side to offset this but if we get a serious recession with continued inflation, people will need to opt out of bidding for the currency they use as their medium of exchange

No related questions found

Welcome to Bitteg, where you can ask questions and receive answers.