@Z1
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Crypto Whale having a take no prisoners day today. https://noise.cash/post/1rwz73kp https://mobile.twitter.com/CryptoWhale
@Z1
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@Z1
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5 comments
Sounds like some real panic is setting in finally. I believe this is good for the market overall. I could see another drop from here, but Bitcoin sub 10k is too extreme.
I don’t know much about Crypto Whale or how he derives price targets - he’s says 7k - not sure what to make of that. All I know based on my own analysis is market looks weak overall and trend is down. How low who knows. The only thing I’m not happy about is BCH back under 500 - not because of the price but because of the market structure.
Yea BCH has been very disappointing. I'm starting to think that the postponing of significant upgrades to May of '22 was a mistake. The market just won't give a damn about BCH until it can do more with regard to defi. Being better than BTC is just not enough when there are so many coins that are easily better than BTC.
I can’t wait until noise.cash implements #tags and @users to properly talk through points like yours. I think that the defi market is massively over speculated an well see r deflate pretty quickly - if the market has topped BCH didn’t come near to the price levels being pushed on social media a few months back 10k 15k 30k etc - but it has steadily made ground in terms of onboarding real merchants and getting people to use it - the main problem I have a that even with great p2p system there’s not enough places to spend it. I meanjuat through noise.cash I’ve gathered over 100usd in the last few months in tips and I genuinely want to buy services or products with it - but where? BCH is clearly the best crypto for use but that means nothing in a speculative market.
I think the merchant onboarding push is a complete waste. A coin should be so great that it sells itself and customers en masse start demanding that merchants accept it because they are all holding it. Defi gets the masses onboard and brings tons of attention. Without that it feels like we're making zero progress.