🔴 “A couple of weeks ago I was pretty positive about the bitcoin super cycle, but right now, given all the fud [fear, uncertainty and doubt] and all the emotions that have been stirred up in the community, I’m less confident about it now, to be frank,” Binance founder Changpeng "CZ" Zhao said in a broadcast on Binance’s social network, referring to accusations that Binance was behind the October bitcoin price flash crash that caused one of the most violent liquidation cascades the market has ever seen.
“There is no organic use case reason for bitcoin to slow or stop its descent,”
Michael Burry, wrote in a blog post, adding that if the bitcoin price plunges to $50,000,
Bitcoin mining companies that secure the network and process transactions in exchange for fees and newly minted bitcoins could face bankruptcy.
Bitcoin’s continued weakness in the face of a gold and silver rebound have also piled pressure on traders who are increasingly rotating into the metals.
“We’re witnessing in real time a collateral crunch,” David Mercer, the chief executive of LMAX Group,
“The more fud you kick up and the more you get the community all riled up, it does have negative effects. Right now, we’re living in a very turbulent time, globally, geopolitically. It’s very hard to predict what’s going to happen next," CZ said, adding there’s going to be “very high volatility.”
CZ said he thinks a bitcoin “super cycle”—in which the market breaks its historic dependence on a a four-year cycle centered around bitcoin’s halving system of supply cuts—is still possible but far less likely, putting its chance of happening at just 50%.
Bitcoin and Crypto proves , it's One and Only safe and Secure thing that cannot be damaged or controlled by authorities in case of Global Economy crises or in case of Wars conflicts, so any controlled or Authorization by any govt will lose the beauty of Crypto
I think it might go down further $BTC might go to touch $70k -80k in next 2-3 months
AhmadIzHere
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my Observation : Crypto is going down , Will go more Down till December - January 🟢 Tariff War is setting down 💲 people are feeling safe to Convert to Fiat 🔴 wars are slowly less panic holiday - Festival seasons
my Observation : Crypto is going down , Will go more Down till December - January 🟢 Tariff War is setting down 💲 people are feeling safe to Convert to Fiat 🔴 wars are slowly less panic holiday - Festival seasons
If you have Extra money to invest $DOGE looks perfect at this time not Expensive Stable after very volatile days 🔴 First Learn and then Trade and Buy 😊