Col Lamb : The price last month already reflected the expectation. Now it's adjustment time finally. Target 64K before any possibility of strong rebound. Waiting patiently.

egan1 Col Lamb : yea exactly after the btc one got approved, it was pretty much the next step, and everyone knew. It would have been interesting to see what would have happened if it hadn't been approved.

103480872 : it's easy to manipulate the market for something that doesn't have fundamentals and isn't as stable as gold. If institutions have more cash than BTC, it can increase the price by buying it, but when it has a lot more BTC, it can just drop the price

103480872 : and also it's harder to move up BTC now since the market cap is already more than 1 T. Currently big organisations have more power to drop the price, that's why I short sell it at 71k. In addition, BTC has 3-4 years cycle, If I'm wrong, I can just wait for 1 year rather than waiting for 4 years

103480872 : if you check the best ROI per year in BTC:
2013: +5189.4%
2017: +1162.5%
2020: +270.3%
as the market cap grows it's getting harder and harder to manipulate the market up. the peak BTC this year already +65.6% at 73k.