BTC will not hit $25K. [I will ban myself if it does]

Recovery should take 6-24 months. This is based upon historical trend of bitcoin pricing. Also, if btc is not going up, none of the alt crypto will be going up much too (except those that are pump and dump).

From my computation, btc could drop till $18k before strong rebound starts to happen due to value buying. A fair price to purchase for retail investor would be between $16k - $22k range. Let us not talk about institutional investors supporting BTC value. They are sharks and exist only to profit from the sheeps (retail investors). For Institutional investors, they are able to short BTC, thus covering their position without selling their holdings via future contracts. Which means people like Elon Musk could be profiting without the need to sell their BTC, and he did keep his word. He did not sell his Dogecoin nor btc, he simply shorted via futures. These big players are too smart to sell outright. Due to their huge position, their selling can easily create a huge drop in pricing which could mean heavy losses due to limited liquidity in the crypto market.

Note even forex (which is much bigger than Crypto in terms of market cap) has issue with liquidity when adverse news occurs. When liquidity issue occurs, the drop in price could be very drastic.

Also remember for you to make money in crypto, someone has to lose money or willing to lose money by buying at a higher price. Same concept as forex trading.
I have the same opinion

Don't forget about corona, if what happen in India spread to the world, then lockdown are coming and people will buy bitcoin again
 
Parliament has more authority than supreme court.
No, they don't have more authority they can make changes but the ultimate decision is taken by the supreme court. On the other hand, parliament has not given any hints of bans of crypto so your comment is not valid in the crypto case. The banks are the ones causing all the issues and people in India and outside too are feeling India is going to ban crypto and it just adds up to more FUD.
 
No, they don't have more authority they can make changes but the ultimate decision is taken by the supreme court. On the other hand, parliament has not given any hints of bans of crypto so your comment is not valid in the crypto case. The banks are the ones causing all the issues and people in India and outside too are feeling India is going to ban crypto and it just adds up to more FUD.

No offense but I thought the one that control the military is the ultimate power and decision maker? Take a look at Myanmar and Thailand for example.. food for thought?
 
No, they don't have more authority they can make changes but the ultimate decision is taken by the supreme court. On the other hand, parliament has not given any hints of bans of crypto so your comment is not valid in the crypto case. The banks are the ones causing all the issues and people in India and outside too are feeling India is going to ban crypto and it just adds up to more FUD.
I am not taking about crypto.
I was only referring who has highest authority.

Parliament can amend anything.
If Parliament pass a bill supreme court can't do anything if its according to constitution.

Anyway don't want to go further in this topic as this thread is for something else.
 
No offense but I thought the one that control the military is the ultimate power and decision maker? Take a look at Myanmar and Thailand for example.. food for thought?
Military power is a totally different issue brother. We are talking about India's regulations on the crypto space. RBI has appealed for a ban on crypto and the supreme court has denied that ban and since then RBI is acting nuts and tod banks they can stop people if they are dabbling in crypto. The banks are freezing accounts and funds of people in some cases and there are banks who also get a written application from the bank account holders saying that they are not going to dabble in crypto with their bank money.

Ultimately they are not allowed to do so but they are just doing things on their own and creating lots of problems for people who are working in crypto space. Wazirx also stopped bank and Paytm payments now and the only option left now is P2P.
 
I am not taking about crypto.
I was only referring who has highest authority.

Parliament can amend anything.
If Parliament pass a bill supreme court can't do anything if its according to constitution.

Anyway don't want to go further in this topic as this thread is for something else.
The thread is about crypto so let's keep it to that only brother this is not a thread for Indian civics.

on the other hand, the answer to what you said is "It is the prerogative of the parliament to amend the constitution and make the laws; it is the duty of the judiciary to decide if basic structure of the constitution are transgressed by such laws. One the parliament has done its job, its Supreme Court which decides its constitutionality through judicial review."
 
India is not banning crypto. The court has already ruled in favour of crypto exchanges.

There is lot of noise going regarding a new crypto token by indian govt which would be backed by INR. When this happens expect a huge influx of new money into bitcoin as well.
 
30K is also my support, I will re-enter the market at 31-32k
 
Guys, you should understand that BItcoin is gambling... I see some people being so smart about SEO and digital marketing, yet try to put a scientific aspect and predict Bitcoin's price in the next year...

You see... Only one guy tweets something and it crashes the whole thing, you should be aware with this stuff, crypto's gains can go very high very fast and it's why it tricks the brain into thinking it's a legit "get quick rich scheme"... where you can also lose everything in one tweet... one.. fucking... tweet...

Be smart, you wouldn't risk all your business on a random pbn that could get you penalised? Due the same vigilance with the things you invest in, I would not touch bitcoin and many investors lost faith in it now that we see how volatile it is.

Do you see that you are ready to invest money in something that can crash because of ONE SINGLE TWEET?...

Be smart, be safe with your money.
 
Sure, ban me for a month aswell if it hits 30k. (not like I care :p )
 
I hope you are not banned soon.
 
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