@TheCryptoLark More sophisticated entities that currently hold Bitcoin will follow suit, meaning they will sell their bitcoins and buy other coins with real applications
@AltbaseApp@KenTheCrypto Any plans to buy back or burn coins to rebuild trust with ALTB holders!? Current understanding is Altbase team will sell massive number of coins as soon as the price goes up a bit (this happened at least once before) to cover Dev costs, and the price will not go up in near term
@TheCryptoLark Every investor that realizes Bitcoin will settle between $15k-$30k will win. Which fool is going to buy Bitcoin in prices > 60-70k to make it possible for entities like micro strategy to cash out billions and then hope someone is going to buy it at a higher price>100k from them??
@TheCryptoLark Bitcoin’s value would settle down between 15k and 30k. The digital gold proposition is not going to get adopted and that’s all Bitcoin is. Other competitive coins like ETH will dominate eventually once it’ll be obvious that people do not buy into digital gold value proposition