Bitcoin (BTCUSD)

[gdl]

WRONG! according to my charts I see a base at 16K - 18K. The base will eventually break down and down and down.

We are talking total annihilation. TULIPS had a great run for three years but when they realized it was a self perpetuated fashion statement the naked truth took hold.

Bitcoin is a concept, a magic bean that will not develop into a sky high product. It was all in active imaginations conceived as a perfect currency with no attachments to government decisions. What drove it's value was pure greed and a silly notion it has intrinsic value. Concepts are immaterial non-substantive ideas. real world application destroys that concept as inflation, war, and govenwemnt destabilizing actions actually make the BITCOIN value DROP!

Imagine a world today with Russian invasion, hyper inflation spike ala 1980's and it JUST BROKE BELOW support. Dark money hiding ill gotten rewards was the only attraction. NOW governments are FORCING transparency and there goes the reason for it's meteoric rise.