You know, I can’t stand guys like this who act like they’ve got all the answers. This dude says Microstrategy is gonna crash along with Bitcoin, but come on, Bitcoin’s been around for 15 years and is still kicking! I really don’t buy into what he’s saying. Sure, there’s volatility, but I can’t see Bitcoin dropping more than half its value. Maybe it’ll dip to around 60k during a bear market, but definitely not to $17k.
He totally overlooks the U.S. strategic reserve. That could cause other superpowers like China and Russia to jump into the game, giving Bitcoin a solid support that would prevent it from tanking that hard in a downturn. It’s a shame that his views might keep some folks from getting in on this digital gold and preparing for the future.
Honestly, I just hope people don’t take his opinions too seriously. Reminds me of Peter Schiff, who swore Bitcoin had no future and that it would never hit 100k. Bet he’s regretting those words now. Just like him, this Jacob King guy’s in for a reality check. Love what someone said in the comments: "Time will teach him a thing or two."
Bitcoin is not going below $17000 ever again. I remember when bitcoin was falling that time, some critics said something like this about Microstrategy, but the company survived and enjoying the benefits of bitcoin existence which some critics see and prefer to criticize the company instead. I remember Peter Sheriff said something like this all recently.
The problem with social media is that the subnormal person who writes this has no idea that no MSTR debt instrument is convertible to bitcoin, and therefore cannot be forced to liquidate anything. Don't waste too much time with subnormals like that. If you look around you will find many who have a thousand arguments to prove that bitcoin is a ponzi scheme, and that it will end up with the price dropping to 0. What happens is that as the price rises there are less and less but there are still some left.
There will always be haters on Bitcoin no matter how much the market value continues to increase. For such people I advice ignore as they barley know anything about Bitcoin. Just like those who laughed and said Bitcoin was a shit show and would never get to $100, where are they hiding now? In the dark of course and they will remain there when Bitcoin finally gets to $1M in the future. What I can imagine is these same people hiding a reasonable amount of BTC but comes to the public to speak I'll of it.. just avoid people on social media mate as they are not worth it...
Same cycle of critics spreading FUD once again, this isnt a thing new but rather something that actually suffices every time there is bull period like this or bearish moments, they said it was heading to zero after the covid and when the dump started they were like it was at least destined for below $10k and we never saw that rather what we eventually saw was a pull back from $15k to a six figures they had said it will never get to. At this period I will say we are maxed for $1m in two to three more halving to come, will the market dump to below $20k? I personally dont see that happening now with the such highs we have.
Funny thing is Microstrategy isnt only compromised with bitcoin holdings alone and they usually sell the top sometimes and ate frequently buying any available dips(DCA) and this usually leaves you in profits most of the time how is the liquidation coming to play here?
We can't say never when it comes to bitcoin price speculation, although you are right in reality since bitcoin have already done x6 of $17000 and still counting upwards more than it possibility to go downwards, gues the fomos is coming from someone who have missed out in the uportunity that micro strategy utilize, acquiring bitcoin at that low price when bitcoin was way below $30k to $20k is such a great one such opportunity may never come by again, so the hate on those holding such bitcoin positions will be high.
There is one thing about assets that people are adopting which you can see in bitcoin. As the adoption continues as it go mainstream, the volatility is decreasing. Bitcoin low price in 2022 was $15500 which is very close to $17000. If the bear market will come next, I do not think bitcoin will fall below $30000. If it eventually go below, it will not go below $24000.
The cycle that we're getting into isn't going to allow the past prices to be seen again. Remember the 3k boyz? they're already out, next was the 10k boyz, and so on. You have to look at that chart that we always get low that's higher than the past low for each cycle. So don't be emotional with people like him, if he says that Bitcoin will never hit $1M, it's most likely that it will and when it does, he's probably already stacked up and played with the feelings of people that have reached his tweet. In the past, many did even said that Bitcoin will never hit $100k.
Exactly, in as much as Bitcoin antagonist will never cease, one of the funniest parts of it is that they can't stop Bitcoin from heading forward, for sure even if Bitcoin might drop it has the potential enough for it to up again and this has been a factor and that is volatile nature of Bitcoin, surely while most of them my be saying all sorts of negative things about they still be very busy buying Bitcoin just for them to be the only ones that will beneficiary to will becomes of Bitcoin in the future and that is greediness and I know a lot of people will definitely fall for it while others may not, yeah being very careful with the informations will process online is very as important as not take wrong decisions that we will regret later, we should be able to filter informations we see in the Internet before making our conclusions.
The higher the adoption goes mainstream, the lesser the volatility becomes and the more stable Bitcoin becomes, I am aware of that fact, and we are way above the expectations for Bitcoin to decline to that low price of around 24k price, but critics such as this one won't forget to remind you how close you are to liquidations since the time distance between the last below 24k price a d the current price of above 100k price, what those critics failed to consider before creating such fuds is the fact that bitcoin has burned a lot of candles in price within the shortest period much and it will take almost impossible situations to drag the price down to half of what it right now.
I dont know the level of rationality that would actually result in people that come up with this kind of speculation about Bitcoin do have. Somehow, they happen to fail every time but, never relent to come up with yet another speculation on how Bitcoin would be at the bottom. The worst part to it is that, you find fanatics that would be ready and willing to go along with whatever they said every time rather than, taking up Bitcoin head on.
Expecting a crash from $106k to $17k, even with Bitcoin attaining mainstream, its hard to see the possibility.
A different day to view people criticize bitcoin, its so common even at this level also I dont get why they keep bringing this out for others to read and judge. Im sure a lot of opposition will be going on perhaps bitcoin might stand as a threat or its just a personal beef, even at this extend the US government is in support of bitcoin market not just the support many more. If the price should experience a decline $17k dollars is so low meanwhile a lot of people think theyll never meet the price at the current price level due to the circle, past event cant determine the present result lets just take the few history bitcoin made as an example probably they should study bitcoin first before speaking such about the price. For the fact the writer had something to say concerning MicroStrategy in relate with liquation shows its not just about bitcoin alone if Im not mistaking.
these people always speaking so loud about the "if" scenario knowing well they are the one who keep fading on BTC and sucessfully missed the opportunity of 4x his wealth this bullrun alone and become salty about it.
you're just wasting your time arguing against these people, they don't seek real genuine discussion but just trying to get mad and that's it, they thought the world owe them and will hope a catastrophe upon bitcoin for the sake of fulfilling his ego.
so, yeah, just ignore them, just another massive waste of time.
Yes, the fool has made a name for himself by creating FUD. When I saw this thread I thought I had seen it recently, and indeed, it was in another thread.
That guy is using exactly the same argument as Peter Schiff. You guys decide who you believe, who you think understands bitcoin and MSTR better, Peter Schiff or Michael Saylor. I for one have 0 concern for what these fools say. I am an investor in MSTR and I know the business model very well, which these fools haven't no idea about.
With the little I have known about life, people must criticize but it's unfortunate that people criticize something that has proven to be a good investment overtime, if someone will criticize Bitcoin at the level it is in terms of price then such person needed to be ignored because he or she is not being sincere to himself and at the same time not being futuristic, there are some people that needed to be silenced by ignoring them totally because they stand to deceive some people even when they know that they don't know anything about what they are criticizing.
Buddy what you just said is true, I don't know what these set of individuals stand to gain in portraying doubletandard life or are they trying to deprives people this opportunity to invest in Bitcoin when they already haev theirs intact, the people in pity much is those that will take them serious but the thing is that newbies are likely to take such things serious since they don't have much knowledge about Bitcoin investment, the best thing for newbies to do is what youve said already, thanks for such advise buddy.
No need to believe what others tell about Bitcoin and just do your own research so you know what exactly happens. Maybe you will see many others who don't like Bitcoin will say many bad things to the public. You don't need to listens to them but still hold your Bitcoin if the price is down.
In other sides, you can buy back Bitcoin when the price is down a lot like today so you can have more Bitcoin in your wallet. Those people will regret if they can not use this opportunity to buy Bitcoin because when the price start to increase, they will not see this price but the high price.
Yes, time will teach him some lessons. We should let people like them say anything they want. But we still needs focus with our Bitcoin investment.
People should stop paying attention to clowns like this man and his likes. Most of them are just chasing clouts and looking for cheap engagements on X. Left for me alone, I won't even reply to their stupid posts about bitcoin. Once they see that nobody is engaging them in the comment section they will stop this their useless posts about bitcoin not getting to a certain price level. He made reference that bitcoin fell to $15k thereabout a year ago, is he so blind to see where the price is today? Does that not send him a clear message that, even if bitcoin crashed to that $17k he is talking about, that it will go back up? With that post, he has just shown he is level of understanding about bitcoin is too shallow. It's just best to neglect people like him. It won't change or stop bitcoin from getting to where it all gets to, in terms of prices.
Agreed!
And it's not done only with BTC - you should do your analysis first and make conclusions second.
Sources may say anything they want, but you need to pile up facts and evidence to have a concrete view of a coin or a project.
There are many bitcoin investors who also make statements about gold like gold will become obsolete, gold will lose its appeal...so we should not be surprised or upset when a gold investor says negative things about bitcoin.
Life is like that, everyone has different interests, tastes and thoughts, no one is the same. People are always biased towards what they choose and will criticize or badmouth what is not their choice. So we should stop caring about what others say about us and instead prove to them which choice is better by producing better results. Arguing or spending time badmouthing each other won't change anything.