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RE: Bitcoin to hit $250,000 by 2022? It might not be as crazy as it sounds...

in #bitcoin7 years ago

in Crypto world every price is possible. if someone tells me in 2022 there would be not bitcoin, I don't argue same if he says it will be half million $

the point is:

  • the whole market isn't mature,
  • Bitcoin failed to be a coin and it is now more acts like a commodity (which suits me fine!)
  • Technical analysis and Chart analysis works on BTC

So, before going to THAT BIG PICTURE to predict 2022, I'd prefer to see next move. I closed my BTC positions right tonight and I will wait for a correction to buy back. HODLing with no logic will make no sense.

look at this:
Untitled.png

the BB and the RSI14 and the trend lines confirm there would be a correction on the way.

BUT, there is something very true:
Cryptos are altering fiat moneys and governors fail to avoid that. People are fed up with lobbyist regulations and this blockchain technology has provided them the ability to skip some worthless ones.

I'm a fan of any decentralized project starts. and I hope to be able to see a whole new world soon. fingers crossed