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Danial says there have been plenty of huge spikes followed by pullbacks in Bitcoin’s price since 2011. “What I expect from Bitcoin is volatility short-term and growth long-term.”
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“I like the word ‘moon,’ because that’s where I want it to go,” Portnoy said in his purchase announcement.
When formed by real members instead of bots—we’ll get to that in a second—these communities are unofficial and unpaid public relations departments continually working in favour of the reputation of the projects they support.
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Community Focused and fair launch. The dev team burned all of their tokens and participated with everyone else.
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When Covid numbers goes up, Bitcoin goes up. Based on this analysis I am issuing a BUY order on Bitcoin with a price target of $1 million by September. Attached is my analysis with the Bitcoin chart just above the Covid chart. All thoughts welcome. pic.twitter.com/AeMAEAixn9
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One investor who wasn’t deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that he’d bought US$40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investors’ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
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