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Re: nwsun post# 57155

Monday, 04/19/2021 10:21:16 PM

Monday, April 19, 2021 10:21:16 PM

Post# of 63466
nwsun, cryptos for market purposes are trading vehicles just like everything else. They are not a religion. Therefore they have both bull and bear trends. Bitcoin is a great example of this as it has had both really huge bull and really huge bear trends several times in the past. At some point the recent really huge bull trend will be over. No reason to expect anything else. Right now there is some suspicion that the btc bull trend is in trouble. Might be , might not be (yet). Need more evidence but miner stocks which were acting poorly before btc broke down have been trying to tell us a story. Furthermore a store of value can work just as good at ten dollars as it can at a thousand dollars as long as it keeps pace with inflation..... However, whichever way bitcoin wants to go tomorrow there is always a bull market going on somewhere. For example gold started a new bull trend about two weeks ago.
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