Maybe Bitcoin will fall down in few days/ months.
Just a feeling but it’s falling down for sure.
Your thoughts about this statement ?
Do you think it’s a good idea to short now ?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
.
Maybe wait few days/ weeks, but I feel it’s going down before the end of December due to many political, social and economic circumstances. Plus, the hype on Bitcoin is no longer the same.
It will maybe back up around June/July but between nov and feb it will go down that’s for suRe.
The world’s largest cryptocurrency fell slightly overnight to be valued at US$60,900. Meanwhile, tech billionaire and angel investor, Peter Thiel, has said bitcoin's sky-high price is a signal that the US economy is facing a "crisis moment" over inflation, which has surged to a 13-year high. Thiel said the US Federal Reserve isn't taking the issue of hyper inflation seriously enough and said he wished he had bought more bitcoin, adding he thinks inflation is here to stay. Created in 2017, Bitcoin Cash is a famous altcoin or a spin-off of the world's largest cryptocurrency, Bitcoin. Of late, the crypto has not been performing well, and is now looking at bullish forces for its revival. Though at times, it tends to show an upwards trend, the overall month of October has been very average for the altcoin.On 7 October 2021, Bitcoin Cash was valued at US$618.86, but saw a dip on 9 October, when its price was recorded at US$594.23. It continued to hover around the same price for nearly a week when it finally crossed the 600-mark on 16 October and was valued at US$627.26. The crypto climbed to US$643.85 on 21 October. However, the crypto had started experiencing a downwards trend since then. It fell to half a thousand mark on 28 October when it traded at US$551.24. And since then, it has not been able to push itself to reach the 600-price level.
What about now ?
Do you still have doubts ?
Facere odio accusamus vitae illo voluptatem quis amet. Ullam dicta eius voluptatem est ut et suscipit.
Similique expedita corporis itaque et quasi at. Aliquid consequatur ea eos et. Et officia tempore explicabo delectus quia fugit.
Et enim aut dignissimos minima voluptate accusantium. Quisquam similique est ut adipisci voluptatem alias quam. Ab exercitationem et recusandae dolorem porro reprehenderit. Quod dignissimos non et voluptatem molestiae rerum veniam eos.
Corporis a atque accusamus in consequatur nisi. Aut reiciendis culpa vel voluptatem. Rem minus optio consequatur quo sit voluptate reiciendis. Temporibus necessitatibus cupiditate animi delectus nobis dolore vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...