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RE: The Bitcoin Crash is NOT Over!
I really can’t see the 5k range hitting this go round and that’s because there’s way too much big money in play with Wall Street now joining and futures. If #bitcoin hits that low it’s time to switch currency because it’s going all the way to zero. That would literally mean the entire rally was reversed. That’s November pricing as can been on the graph at my post about
https://steemit.com/cryptocurrency/@rockmandown/the-sky-is-falling-or-at-least-cryptocurrency-is
Things will definitely get interesting if we hit $5k, that's for sure, but I seriously doubt we'll see BTC hit $0 any time soon. Even if a viable candidate came along to unseat Bitcoin as King, there is simply too much money and history in Bitcoin....or maybe I should say, too much sentimentalism and fandom behind it to let it fall the way of the DOGE.
Interesting you say how you doubt it will ever disappear when I compare them to the HDDVD vs BluRay wars. HD was actually released prior to BluRay yet now the war is over and the younger of the platforms prevailed.
I see #bitcoin as HDDVD and #ethereum as BluRay. Could go either way.
Another way to look at it is #btc is #gold and #eth is #silver (coins/ounce) - Gold is too expensive is more like something to just look at with awe whereas silver although up there in price has many uses for it therefore making it more valuable in the real world.