RE: BTC Difficulty UP23 Jan 2022 20:05
Canetoad, let me give someone as wise as you advice also. 80 percent of the world's wealth is owned by 5 percent of the population. When you look at our country, 90 percent of the wealth is owned by 5 percent of the population. Now you are going to argue and try to convince me that is not the case along with others on here, however the truth is the truth, 90 percent of our wealth is just owned by a population less than 5 percent.
These large whales you speak of are part of the 5 percent, they have made a huge effort over the last 10 years promoting crypto currencies. In the Guardian, Independent, the sun, Financial Times, New York post, euro news, youtube, twitter, washington post, cnn, bbc, sky, fox etc (any news is publicity) there is a story to do with crypto daily. Ask yourself how and why is it in the news everyday? I'm sure you understand perception management. (motley fool or share magazine doesn't talk of such things lol)
They have promoted it like crazy, now if it was to fall to 5,000 dollars for arb to get to 10p, all their hard work has been wasted. In my humble opinion, BTC will crash but never go below 20,000 (I personally don't think it will go below $25,000, but strange things can happen), anything less than that and the fluctuation is too much, all the small investors will be put off unless there is a crazy rebound straight away.
My point is that these people that own all our wealth are backing BTC, I can't see them turning it into a joke. If you see my point.