nemesiscoiled posted: BTC is losing momentum and is no longer a 'fashionable' asset which sparks a lot of speculative interest. This could return but at the moment I see price levelling out and gradually declining until $0 . Other crypto could replace it if they are actually useful as currency but these will probably be priced according to a basket of fiat currencies
I would disagree. i don't see any reason for it to go to zero. Would say just wait and watch it rise far beyond your thoughts.
it will go to zero in the same way that most other crypto go to zero. Lack of interst causes a decline in price then people decide to sell and get our. This causes a spiral downwards until $0 is reached. This is a genuine risk with BTC and should not be underestimated
Don`t compare BTC with any other crypto... Just an advice. 😉
such a cryptocurrency as bitcoin seemed indestructible, and here is a sharp failure, many assumed that this could happen. And so many factors came together, one of which is coronovirus. Although in my opinion this is an artificial panic.