BTC Below 19K
Well the actual fear was Bitcoin going below $20,000.00. Been there, done that. Bitcoin is at this moment at just over $18,800.00, goodbye my chances of paying off my small debts with crypto. Actually I still think I just might do it, just not right now.
We have to look at how things are right now, ordinary people are more worried about getting through winter, at least in the North and the others are just very weary about what economic hardships might come along now. The pandemic, the lockdowns, the wars, yes the wars not just Ukraine is at war in case you didn't know, awful climate spikes add these up and people are right to be very careful what they do with their money.
And crypto is certainly not a place for the conservative investor who wants small but steady profits, Crypto is the wild west, make it or break it. Bet your money on an electronic data block, whose price really is up in the air, could get you very rich or very poor.
So probably we will not see where crypto will really go until these world wide events sort themselves out, electricity is a big one here, if there is a decline in electricity production crypto mining will diminish, this should be good, you know less supply. But for reasons unknown, crypto works differently and less electricity will most probably mean cheaper crypto.
Luckily I am always wrong and right now I am very negative, maybe once again my personal fates will pull a fast one just to show me how dumb I am.
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