Thread: Bitcoin et al.
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Old 01-07-2023, 05:15 AM   #244
Hammer
College Prospect
 
Join Date: Sep 2005
I don't think it's a big deal. All but the very small fish have their crypto in cold storage now. However this part of the cycle is generally pretty flat. At least another 6 months of boring times probably.

Binance going down would rock the market hard, but very doubtful. GBTC is the one I would watch. Not a Binance scale issue, but it would no doubt cause big downside. More likely to go under than Binance. My guess is it takes something of that magnitude to see $12-$13k.

At this point anyone who was going to get scared out of the market pretty much has already. No reason to sell unless you absolutely have to. Those in the market now, understand the cycle and know what's coming, bar any crazy unforseen world events.
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