RE: Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019 by toofasteddie

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· @toofasteddie ·
Excellent analysis @cryptospa ... I am certainly concerned about the current scenario as well... if there is no fresh money (FIAT) entering in the ecosystem it could mean that next step would be the transformation of the current BTC to the FIAT again...
I hope I am wrong but it looks very likely now...
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@cryptospa ·
@toofasteddie, thank you for stopping by!

Let me add some words to your comment. If there is some additional money flow to Bitcoin's ecosystem (or cryptcurrency world) it would be much better if this money are allocated to the programmers, so that they continue to work on solving the scalability issue of Bitcoin (or the cryptocurrencies). If this money just go to the exchanges and the investors buy with them Bitcoins, it won't help ... Yeah it may trigger a slight price uptick, but it won't be sustainable, and the Bear Market will continue and the investors will lose their money.

Based on my experience, back in 2008 the situation on the stock markets was quite similar. The companies had bad economic fundamentals, their prices were falling down and falling down (I talk about the Bear Market during the Global Financial Crises). We (young financial analysts) were heavily invested into stocks ... and when some big hedge funds started to buy stocks we thought it would be the beginning of the reversal of the Bear Market. At that time even when some huge investment funds and even Warrent Buffet bought some shares and invested billions of dollars into stocks they couldn't reversed the Bear trand (just slight price upticks for a month or two)... The end of the bear market came when the companies (which shares/stocks were traded) fixed their fundamentals, not when the big investors were buying the cheap "falling stocks" ... 

So, my point of view, based on my experience, is that the money has to go to fix the scalability issue of Bitcoin, not the price. If the scalability issue solved, then the price will fix itself alone.

p.s. I remember that back at the end of 2017 it was probably Charlie Lie of Litecoin who said that it would be better if the money goes to the programmers working on the code of Bitcoin rather than to go to exchanges and to pump the price of Bitcoin just speculatively.
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@toofasteddie ·
Agree 100%
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@crypto.piotr ·
> it could mean that next step would be the transformation of the current BTC to the FIAT again...

What do you mean by that @toofasteddie?
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@toofasteddie ·
Investors selling bitcoin for FIAT

Posted using [Partiko iOS](https://partiko.app/referral/toofasteddie)
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