Quote:
Originally Posted by Zenzor
Seems like a good time to start buying support levels between here and 3k, probably eating losses for a while, but expecting another ponzi wave within the next couple of years.
Bull case for 2020/2021:
- Halving. The current OTC market is very illiquid, an additional supply constriction will stretch the market even thinner.
- Zero bound / potentially negative interest rates in the US coupled with a growing public awareness / view of Bitcoin as a commodity. There was recently a FED publication about transitioning to a cashless society as well.
- Potential ETF
Bear case remains the same as it has for the past 10 years.
Pretty much agree. But I think the hype could take longer. Those positives could be good for price, but not big enough to start a new hype on their own, rather creating a psychological base for the hype narrative, so that when enough time has passed and enough new things are on the horizon, the new hype is not as weighed down by the 2017 hype.
