The long term value of Bitcoin is what ever the world deems necessary. What this is I do not know. In terms of chances that Bitcoin goes to zero or pushed to zero is low in my personal view. If it was going to have failed and crashed then it would have done so after the parabolic and insane $20k price spike. I am not saying it cannot go to zero if something better comes along but until that happens I do not see Bitcoin going to 0 anytime soon.
I find that the more you read on Crypto and learn about it, understand it better the less you will become sceptical about it. I could argue that I am sceptical of something which is inside of Government control. Are the politicians in power any more wiser or intelligent than other people in society? I find the brightest minds do not work for Government. They want to be paid handsomely and therefore you will find the most intellectual beings working for the private sector or for themselves (self employed).
If you are trading based on price action then you need to remove your personal emotions about Crypto and your personal views about it and just trade based on price action and use the same signals / indicators you would for any other asset such as Commodities, Indices, etc.
Some of the books which I read which really changed my thinking on Cryptocurrencies and Blockchain were:
Digital Gold (The Untold Story of Bitcoin) by Nathaniel Popper
Blockchain (Blueprint for a New Economy) by Melanie Swan
The Business Blockchain by William Mougayar
Blockchain Revolution by Don Tapscott and Alex Tapscott
The Book of Satoshi (The Collected Writings of Bitcoin Creator Satoshi Nakamoto) by Phil Champagne
Cryptoassets (The Innovative Investors Guide to Bitcoin and Beyond) by Chris Burniske and Jack Tatar
If you get a chance then read some of these books if not all. This will increase your knowledge of the area rather than relying on media garbage that gets spurned out by journalists who know very little about the subject area. These books really opened up my mind and gave me information that helped me to understand Cryptocurrencies and Blockchain better.
Now acquiring knowledge and trading Cryptocurrencies are two different things. This is where a lot of people are letting their personal opinions, emotions and views get in the way of their trading decisions. If at any given time Cryptos are the 'Strongest Trending Assets' either on the 'long' side of 'short' side then surely the better traders who want to maximise their profits and achieve the greatest performance possible would seriously consider trading that asset. In my view they would do so using the same trading plan, trading strategy and trading system they use for any other asset. This is where a lot of people let their personal views cloud their trading judgement.
You talk about herd immunity and social distancing is imposed. You see the problem? Summer officially starts in June.
Everyone has the freewill to believe what they want. Just watch how this panic progress. I said what I said in 2020.
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