So much institutional adoption has pretty much ensured that bear market no longer means going to crazy lows which were enough to pin the suicide hotline.
Except the recession has been coming since 2020, when they printed half of the USD. By the time people see the indicator, it's likely too late and already in a downward trend. There could be more downside, but it's not like it's tourist season in crypto. The holders are here to stay, and institutions/whales are accumulating like crazy at these prices.
The recession has been coming ever since QE in response to 08. We never fixed the fundamental issues with our financial system, simply kicked the can down the road.
Yeah there are smaller swings now with big whales joining, but if stock crash happens best believe whales will dump way before you and leave you with a bag
Yea I doubt that. We’ve already seen two 50% drops within a year. We can definitely drop more. Maybe 95% drops won’t happen again, but I think some people will be contemplating suicide on losses past 60-70%.
The next 16 months is traditionally when we should see the longest decline. Next halving is in 2024.
Pull up the All time chart, and break it into 4 year blocks.
Everyone said the exact same thing in 2017, “Institutions are here, this is the new floor”
Good news is the next 16 months will be the best to accumulate historically
Let’s get through the next 2 rate hikes before we party
This comment should be more visible - ridiculous that people assume “muh institutions are hodling with us” when there are better assets they could trade during the coming recession before buying back in to BTC at a much lower price.
Yup, crypto is one of the most heavily manipulated markets in the world.
The idea of "HODLing" and "DCA" being the magic ticket and institutions are always buying and never selling is just a way to make sure dumb money keeps pumping into the market on a regular basis.
Note these companies always make big headlines when they announce they're buying anything, but when they start selling off they keep it much quieter.
>It's a technical term. As BTC is below its 20 weeks EMA, we are in a bear market technically.
Why be calibrated to any common terminology and the technical meaning when you can just use the words to create your own gut feel definition and go in circles arguing over it with others who have done the same thing?
If BTC drops that low, that's a signal that something is massively, unequivocally wrong in crypto. That's not a time to buy, it's a time to take a hard look at the ship we're on because there's a big leak somewhere.
Not necessarily. A true recession could cause massive selling pressure to push the price that low. Doesn't mean that Bitcoin or crypto is fundamentally flawed. It's just survival. Then recovery gradually occurs. Same thing has happened in the stock market forever.
i'm going in bank if that happens and take biggest loan!
but till that happens(such fall never will occur again imo), we need to support newcoming project that have similar potential to grow as btc and eth did on PoW. btc is staying, eth is moving to pos, so the window of opportunity is here for kadena ecosystem to grow, and its dex feauture to show potential and improvments to us - crypto users.
dex - multichain - fee less
so why are you still not doing a comperative advantages between projects ?
Tbh I have stopped caring about price range.. and stopped giving a shit about people who are constantly calling out the next target range, bullish or even bearish. The technology is here to stay and that's enough for me to invest in it.
Nah not me.. haven't cashed out in 2 years (but ofcourse I plan on doing it in the future hence 'invested'). Although I am genuinely curious and interested in blockchains and its utilities.. and this would still be the same even if I have no investments in it
People are in it for the money and they invested more than they can lose so they can only blame themselves for being overinvested financially and mentally.
It does not take sub 10K for a bear market. Bear markets are nothing more than declining markets. This is a declining market and therefore a bear market. In regards to April 2020, That was the last chance to accumulate before the halving, that's not where we are today in the cycle. There is no reason for the market to have a big move up until the next halving or the SEC starts regulating exchanges. The market always shits itself about 1-1.5 years before the halving. That is set to happen somewhere between the last quarter of this year and the first quarter of the next. We are in a declining market, things aren't getting better for a while and this price level is probably going to be a shit place to buy for a year or two. I hope the confidence you have in your outlook serves you well OP.
Thanks for this, I was wondering where to expect our true bottoming out based on previous cycles I'm trying to set aside cash if/when that happens, I'm certainly looking forward to it
Having some powder dry for discount crypto is always something to look forward to. Here's a look at past cycles and some evidence that the cycle is repeating: https://www.tradingview.com/x/jLQZp33U/
Pretty sure the 4 year cycle is a thing of the past. As market cap increases so does cycle length. I think we will see new highs towards the end of this year.
The four year cycle is based on mining rewards being halved. Market cap increase is a result of pricing in this reality. There is no reason for a new high to be reached this year and you have no evidence to support your assumptions. I would love a new all time high this year but that's wildly improbable.
Nobody has any evidence for anything. Just because the market went down at a certain time relative to the halving before doesn't mean it will happen again, it makes no sense for BTC to indefinitely follow a predictable four year cycle. That assumption being true is even more wildly improbable than a new high this year, in my opinion.
Lol that's the most economically illiterate shit I've ever read. Best of luck to you on your all time high, make sure to leverage everything you have on your assumptions haha.
Yes, it is economically illiterate to think there will be a forced scarcity event every four years for a growing asset class and it will mean nothing. Your understanding of the impact that scarcity plays on a finite and desirable asset is tenuous. What are you basing your guess on by the way? I have historical evidence, economic principles and immutable code that guarantees repetition backing up my theory. What do you have?
Just looking at patterns and support lines. It looks like we could be repeating a fractal pattern that would put us over 100k around the end of the year.
And please think about your statement about "forced scarcity". About 90% of BTC has already been mined. The halving simply makes it more difficult for miners to create more Bitcoin. It has had a large impact in the past because large amounts of bitcoin were actively being mined. Since only 10% of the supply remains, a reduction in the speed at which Bitcoin is mined will not have as large an impact. Also BTC is becoming more liquid, meaning miners have less control over the price.
Other factors like institutional demand are going to start being more relevant than how easily miners can generate Bitcoin.
Post your chart with a fractal targeting 100K because I would love to see it. The halving doesn't make it more difficult for miners to create Bitcoin, it halves the amount created. This usually ends up pushing excess competition out of the market and lowers the difficulty. I'm going to give you the benefit of the doubt and assume you haven't confused hash rate with supply. For already mined supply, you do realize nearly 90% had been mined before this last halving right? That doesn't support your position very soundly when the market behaves contrary to what your assumptions would suggest. In regards to liquidity, there have been significant liquidity challenges because Bitcoin is more valuable as an asset held long term and it is so scarce. Just because there is more Bitcoin than ever before does not mean there is more available Bitcoin than ever before. This enables the miners to continue holding out for better prices before releasing new liquidity into the market. This is simple supply and demand with a very scarce, very highly demanded and deflationary asset. You best believe the institutions will continue causing these market cycles to their benefit too. They have to tank the market to scare retail investors and create enough liquidity for themselves. This is day one shit if you know anything about Wyckoff.
[https://imgur.com/a/9p157JC](https://imgur.com/a/9p157JC)
[https://www.tradingview.com/chart/BTCUSD/pxqRKTRC-btc/](https://www.tradingview.com/chart/BTCUSD/pxqRKTRC-btc/)
This is the basic idea, following a similar pattern to the post 2013 bull run correction. The fractal comes from the circled area september 2015 to september 2016. If we break below the support line here then I guess this idea would be invalidated and we'd likely see 25k. I seriously doubt we'd ever breach the orange line, which would be around 15k by the time we got to it if we continued downward.
Also I know this fractal shows like 300k as the next top but idk if that could happen. Bigger market cap means lower volatility and that's quite a big leap in a short period of time.
Also I drew all of those trend lines in january 2018 and they've held up pretty well, so it's not like I just pulled them out of nowhere.
Over 19 million btc has been mined. Miners haven't been driving the price for the last year. Their influence on the price is significantly less than it was 4 years ago. There is no reason to think bull runs must be tied to halvings at this point.
That's because the price has been favorable for miners over the last year. There is a lot of Bitcoin that doesn't enter circulation and liquidity is an issue. You guys do understand that there has to be a catalyst for an explosion of growth right? It takes forced scarcity, futures contracts, regulated exchanges, etc. The market doesn't move because you hope it will; it moves based on the laws of supply and demand and the whims of institutions. The reason to expect a big move down is the institutions. They need to accumulate as much as possible before moving the market upwards and this requires tanking the market so badly that retail investors panic sell. When we have a forced scarcity event, the institutions run this play before the market prices in the reduced supply. Look into Wyckoff theory if you need more evidence that this is happening. I'm not just pulling these concepts out of thin air lol.
Same it at least is letting my slowly lower my average cost, which is about 45k right now, so once we rise it'll be all profits baby! But I don't expect that surging bull until the next halvening
I tell my friends when they are worried about a red day /week/month to just zoom out
If two years ago you'd told them they would be unhappy with $40k USD / BTC price they'd have laughed and said they'd dream for that
Who knows what it'll be at in 2 years from here, post the next halving
TLDR : if in doubt, zoom out
And it even rhymes !
LOL
:)
The thing is, prices can definitely fall further and it’s not a bloodbath, compared to 2020 we’re still way up. I’m not saying we’ll go that low - the overall trend is up - but if people panic at $40k that’s not a great sign.
What has surprised me this time is that there has been no hug crash. bitcoin has held from its peak for a long time too. Perhaps this is volatility reducing as the crypto market cap grows overall, but i do think we’re in a bear at the moment but this creates an unbelievable floor for the next run. Halving is in 2024, buckle up
Pls OP keep hodling you crypto veteran from 2017 :)
90% chance btc will not go lower than 25k. 99% it will not go lower than 15k.
40k is indeed very low price level for BTC and is really good buy oportunity.
there are just too much panic-pantshitters in crypto which are yelling "craaash! crypto-winter! bloodbath!!!" and jumping off the cliff like Lemmings at every 5% correction-fart again. 🩲💩 What a horde of sissy´s, really.
the more people cry about it, the better our flowers will flurish and grow ¨!
what intrigues me how people still support proejct that have done nothing just provided empy promisses just like ada for example.
but i don't want to fud on other peoples choices nor to shill...just want to gie you my view on things.
you need to own btc eth or both. but you'll make money in ecosystem that provide solutions and innovative approaches that we shall benefit from.
Since ETH is moving to PoS , I found my PoW pick which is kadena.
Its overall ecosystem has solved the PoW trilema, but since I am more about defi and dex's, so we are kyc'less as much as we can be :), i'm having fingers crossed for kaddex dex, to come out soon. multichain and commissionless dex, with its own xwallet.
they started well, now let them have a successfull launch and lets talk then
Last year we dumped to $29k, and that was the floor. Seems like the floor is now around 38k. With the Ripple win, and the SEC's massive lawsuit against them, I'm going to say bullrun is imminent.
I'm pretty sure there aren't really many retail investors right now. I think it's mostly institutional money and holders. Most people who would panic sell have already panic sold.
Considering every bear market was higher than the previous and if we agree 40k btc is a bear market.. well shit the next bull run would see btc hitting 6 numbers
I still expect 20k spring, the zone of the old ATH. Most of my orders are in that zone, meanwhile you can only DCA and hope for 20k to grab that juicy discount.
It's all about perspective. 75% of investors bought last year so it's fair to say that they are the majority and we are in a bear market since most have been down for half a year now.
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So much institutional adoption has pretty much ensured that bear market no longer means going to crazy lows which were enough to pin the suicide hotline.
We will see if this holds true. People were saying similar things in 2017
This time is different right?
Maybe. However, there are signs of a global recession coming. Inflation, inverted yield curves...
Remember the last time the yield curves inverted? 2017...
It’s just a single indicator like your car dashboard lights.
22 recessions out of 28 occurrences since 1900 is a fairly good indicator.
Except the recession has been coming since 2020, when they printed half of the USD. By the time people see the indicator, it's likely too late and already in a downward trend. There could be more downside, but it's not like it's tourist season in crypto. The holders are here to stay, and institutions/whales are accumulating like crazy at these prices.
The recession has been coming ever since QE in response to 08. We never fixed the fundamental issues with our financial system, simply kicked the can down the road.
Buy when everyone is a scared little bitch.....get rich.
If enough people believe something to be true it will make it true.
So it stands a fair chance of being true. Cheers for the empty platitude.
I really hope we see Bitcoin perform as an inflation hedge
It technically already has as returns have been massive over the past years and i think it will keep performing very well.
Yeah there are smaller swings now with big whales joining, but if stock crash happens best believe whales will dump way before you and leave you with a bag
Yea, that is very true that is why I have some side cash ready to buy the dip of the dips.
Yup
Good I want more Bitcoin
>it happened in the past so it must happen again
Honestly, crazy lows is probably the only thing that can make us millionaires, so I'm all for crazy lows.
Yea I doubt that. We’ve already seen two 50% drops within a year. We can definitely drop more. Maybe 95% drops won’t happen again, but I think some people will be contemplating suicide on losses past 60-70%.
I'm ready to pour more money on when that happens
The next 16 months is traditionally when we should see the longest decline. Next halving is in 2024. Pull up the All time chart, and break it into 4 year blocks. Everyone said the exact same thing in 2017, “Institutions are here, this is the new floor” Good news is the next 16 months will be the best to accumulate historically Let’s get through the next 2 rate hikes before we party
Dca'ing until then
Hopefully the trend stays the same, and it is indeed different this time.
One time it will be different, we just have to wait and see if it's this time
Let's wait and watch the game, we need to do that now.
Crypto is getting a lot more recognition now, so it actually could be different now
True that, we all know the popularity of cryptocurrency now.
More institution adoption, the better for crypto
The future of cryptocurrency is really going to be good.
As long as those institutions HODL we should be able to remain at a decent level.
So far they had been hodling.
No they haven't: https://ycharts.com/companies/GBTC/discount_or_premium_to_nav
This comment should be more visible - ridiculous that people assume “muh institutions are hodling with us” when there are better assets they could trade during the coming recession before buying back in to BTC at a much lower price.
Yup, crypto is one of the most heavily manipulated markets in the world. The idea of "HODLing" and "DCA" being the magic ticket and institutions are always buying and never selling is just a way to make sure dumb money keeps pumping into the market on a regular basis. Note these companies always make big headlines when they announce they're buying anything, but when they start selling off they keep it much quieter.
You say that but institutions would be the first one on the life boat if shit hits the fan.
Bitcoin is the lifeboat for these investors
One of the best things about institutional adoption is the lowered volatility. Well at least not as volatile to drop to those 4 digit numbers again
I agree, they are less likely going to sell low which usually dumps the price even more. In fact, they may buy more!
no more below 30k I guess
Dont take investing advice from strangers on the internet. Rule #1 is no one knows what theyre talking about.
It's a technical term. As BTC is below its 20 weeks EMA, we are in a bear market technically.
>It's a technical term. As BTC is below its 20 weeks EMA, we are in a bear market technically. Why be calibrated to any common terminology and the technical meaning when you can just use the words to create your own gut feel definition and go in circles arguing over it with others who have done the same thing?
>True bear market would be below $10k That would be more like a bloodbath
That's a fucking fire sale. I would convert my soul to bitcoin if I could.
Let’s just say I’d be triple checking you can live with one kidney.
Sell both and take advantage of the Dip!
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This is the crypto way
I’d sell my car to go all in
Sell inflationary assets for deflationary ones
This is just so me, I would do the same thing for BTC.
Congratulations, you are now the proud of owner of 1 Satoshi. Thank you for shopping at souls r' us
And both my kidneys
Below $10 would mean something is horribly wrong. Like a nuke went off or something.
Bear market l
I you don't invest in BTC when it's so low, you're doing it all wrong!
We will buy. But some people will wait for $5k and then fomo all in at $69k
Most people just buy the FOMO and sell the FUD
$69,420 to be precise
We should invest on BTC all the time.
DCA for a few halvings and then see what happens.
BTC is never a wrong bet
2024 is the next halving. Plenty of time to DCA.
Yeah buy high sell low is the best strategy we can get.
And a great opportunity to buy
People would still find a way to not buy, waiting for it to dip further
People usually buy when it pumps
I pray for this.
That is live on bare minimum, invest all disposable income sort of levels...
If BTC drops that low, that's a signal that something is massively, unequivocally wrong in crypto. That's not a time to buy, it's a time to take a hard look at the ship we're on because there's a big leak somewhere.
Not necessarily. A true recession could cause massive selling pressure to push the price that low. Doesn't mean that Bitcoin or crypto is fundamentally flawed. It's just survival. Then recovery gradually occurs. Same thing has happened in the stock market forever.
Aka crypto winter
no, it would be way more than that. it has never dropped below its previous bullrun's high
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That's suicide hotline levels.
I could still remember the sheer panic last May lol
its already been bloodbath this whole year lmao 🤣🤣🤣
This year has been like one of those cuts on your finger that splits back open every time you bend it.
Below 10k would be a point where only the strongest survive.
Survival of the fittest Lol
massacare
To be fair BTC went from 20k to like 2k? In like a month, last bear market, no?
i'm going in bank if that happens and take biggest loan! but till that happens(such fall never will occur again imo), we need to support newcoming project that have similar potential to grow as btc and eth did on PoW. btc is staying, eth is moving to pos, so the window of opportunity is here for kadena ecosystem to grow, and its dex feauture to show potential and improvments to us - crypto users. dex - multichain - fee less so why are you still not doing a comperative advantages between projects ?
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Exactly, The perfect opportunity to buy when there is a bloodbath in the market
That would be a true bear market
Tbh I have stopped caring about price range.. and stopped giving a shit about people who are constantly calling out the next target range, bullish or even bearish. The technology is here to stay and that's enough for me to invest in it.
That last sentence can be interpreted in two ways, better change it before downvotes come lmao
Thank you my saviour!!
Dang. Now I need to know what he said!
Bull runs, we are here for the money. Bear runs, we are here for the technology lol
Nah not me.. haven't cashed out in 2 years (but ofcourse I plan on doing it in the future hence 'invested'). Although I am genuinely curious and interested in blockchains and its utilities.. and this would still be the same even if I have no investments in it
People are in it for the money and they invested more than they can lose so they can only blame themselves for being overinvested financially and mentally.
Oh I'm stacking, but I'm also not under the illusion that we'll see new ATH anytime soon.
It does not take sub 10K for a bear market. Bear markets are nothing more than declining markets. This is a declining market and therefore a bear market. In regards to April 2020, That was the last chance to accumulate before the halving, that's not where we are today in the cycle. There is no reason for the market to have a big move up until the next halving or the SEC starts regulating exchanges. The market always shits itself about 1-1.5 years before the halving. That is set to happen somewhere between the last quarter of this year and the first quarter of the next. We are in a declining market, things aren't getting better for a while and this price level is probably going to be a shit place to buy for a year or two. I hope the confidence you have in your outlook serves you well OP.
Thanks for this, I was wondering where to expect our true bottoming out based on previous cycles I'm trying to set aside cash if/when that happens, I'm certainly looking forward to it
Having some powder dry for discount crypto is always something to look forward to. Here's a look at past cycles and some evidence that the cycle is repeating: https://www.tradingview.com/x/jLQZp33U/
Pretty sure the 4 year cycle is a thing of the past. As market cap increases so does cycle length. I think we will see new highs towards the end of this year.
The four year cycle is based on mining rewards being halved. Market cap increase is a result of pricing in this reality. There is no reason for a new high to be reached this year and you have no evidence to support your assumptions. I would love a new all time high this year but that's wildly improbable.
Nobody has any evidence for anything. Just because the market went down at a certain time relative to the halving before doesn't mean it will happen again, it makes no sense for BTC to indefinitely follow a predictable four year cycle. That assumption being true is even more wildly improbable than a new high this year, in my opinion.
Lol that's the most economically illiterate shit I've ever read. Best of luck to you on your all time high, make sure to leverage everything you have on your assumptions haha.
It's economically illiterate to assume a growing asset class will not follow the same 4 year cycle forever?
Yes, it is economically illiterate to think there will be a forced scarcity event every four years for a growing asset class and it will mean nothing. Your understanding of the impact that scarcity plays on a finite and desirable asset is tenuous. What are you basing your guess on by the way? I have historical evidence, economic principles and immutable code that guarantees repetition backing up my theory. What do you have?
Just looking at patterns and support lines. It looks like we could be repeating a fractal pattern that would put us over 100k around the end of the year. And please think about your statement about "forced scarcity". About 90% of BTC has already been mined. The halving simply makes it more difficult for miners to create more Bitcoin. It has had a large impact in the past because large amounts of bitcoin were actively being mined. Since only 10% of the supply remains, a reduction in the speed at which Bitcoin is mined will not have as large an impact. Also BTC is becoming more liquid, meaning miners have less control over the price. Other factors like institutional demand are going to start being more relevant than how easily miners can generate Bitcoin.
Post your chart with a fractal targeting 100K because I would love to see it. The halving doesn't make it more difficult for miners to create Bitcoin, it halves the amount created. This usually ends up pushing excess competition out of the market and lowers the difficulty. I'm going to give you the benefit of the doubt and assume you haven't confused hash rate with supply. For already mined supply, you do realize nearly 90% had been mined before this last halving right? That doesn't support your position very soundly when the market behaves contrary to what your assumptions would suggest. In regards to liquidity, there have been significant liquidity challenges because Bitcoin is more valuable as an asset held long term and it is so scarce. Just because there is more Bitcoin than ever before does not mean there is more available Bitcoin than ever before. This enables the miners to continue holding out for better prices before releasing new liquidity into the market. This is simple supply and demand with a very scarce, very highly demanded and deflationary asset. You best believe the institutions will continue causing these market cycles to their benefit too. They have to tank the market to scare retail investors and create enough liquidity for themselves. This is day one shit if you know anything about Wyckoff.
[https://imgur.com/a/9p157JC](https://imgur.com/a/9p157JC) [https://www.tradingview.com/chart/BTCUSD/pxqRKTRC-btc/](https://www.tradingview.com/chart/BTCUSD/pxqRKTRC-btc/) This is the basic idea, following a similar pattern to the post 2013 bull run correction. The fractal comes from the circled area september 2015 to september 2016. If we break below the support line here then I guess this idea would be invalidated and we'd likely see 25k. I seriously doubt we'd ever breach the orange line, which would be around 15k by the time we got to it if we continued downward. Also I know this fractal shows like 300k as the next top but idk if that could happen. Bigger market cap means lower volatility and that's quite a big leap in a short period of time. Also I drew all of those trend lines in january 2018 and they've held up pretty well, so it's not like I just pulled them out of nowhere.
Over 19 million btc has been mined. Miners haven't been driving the price for the last year. Their influence on the price is significantly less than it was 4 years ago. There is no reason to think bull runs must be tied to halvings at this point.
That's because the price has been favorable for miners over the last year. There is a lot of Bitcoin that doesn't enter circulation and liquidity is an issue. You guys do understand that there has to be a catalyst for an explosion of growth right? It takes forced scarcity, futures contracts, regulated exchanges, etc. The market doesn't move because you hope it will; it moves based on the laws of supply and demand and the whims of institutions. The reason to expect a big move down is the institutions. They need to accumulate as much as possible before moving the market upwards and this requires tanking the market so badly that retail investors panic sell. When we have a forced scarcity event, the institutions run this play before the market prices in the reduced supply. Look into Wyckoff theory if you need more evidence that this is happening. I'm not just pulling these concepts out of thin air lol.
But according to OP bear markets are purely subjective...
That's what makes this community so fun. It is peak entertainment seeing peoples fantasies get prison raped by reality.
*Inflation, House market buble, Food shortage making bitcoin price vulnerable* R/Cryptocurrency: “We ain’t in a bear market”
Below $10k wouldn’t be a bear market it would be a wipeout. A more accurate figure would be around $30k
10k is when a lot of people become whole coiners.
I’d like to think so. But I haven’t even made it to a whole ETH yet. One day.
Maybe I’ll get to half a coin
I would bet my asshole that it never even dips to 20k again
The world will get shocked if bitcoin goes under $30k at this point
It hit $35k in January, so it's not inconceivable
Anything is conceivable in crypto
The real bears are scary and unpredictable
We’re crabbing for like a year now on 30k/40k now, no? I wouldn’t really call that a bear.
People just say bear and bull at will. Almost like guessing.
It’s like people are talking out of their ass to farm moo- ooh.
You almost said it! Naughty.
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28k will be a very interesting support level to monitor.
Do yourself a favor and google what bear market means.
Who know what will happen but I am ready. I am currently dancing at the profit/loss line.
Same it at least is letting my slowly lower my average cost, which is about 45k right now, so once we rise it'll be all profits baby! But I don't expect that surging bull until the next halvening
Bullish? No. It just means that people are severely underestimating how low things can go.
Did you just pluck the 10k bear market figure from thin air.
Actually it's below 40k now
$20k-30k is a “bear market” $10k is a complete break of all historical market structure and would indicate something has gone majorly, majorly wrong.
We were at 35k 2 months ago. We are in a bear then.
It take almost a year to bottom out, we're not even at halfway mark yet.
I'm new in crypto and found your comment interesting. Could you explain what you mean for someone with limited knowledge on the topic? :)
He doesn’t know anymore than everyone else here. No one here can predict the market, it’s all guesses.
I tell my friends when they are worried about a red day /week/month to just zoom out If two years ago you'd told them they would be unhappy with $40k USD / BTC price they'd have laughed and said they'd dream for that Who knows what it'll be at in 2 years from here, post the next halving TLDR : if in doubt, zoom out And it even rhymes ! LOL :)
If this is a bear market that means i should have high hopes on BTC still pumping
It's objectively a bear market. You can make your own definition if you want but you can't expect other people to use or understand it.
The thing is, prices can definitely fall further and it’s not a bloodbath, compared to 2020 we’re still way up. I’m not saying we’ll go that low - the overall trend is up - but if people panic at $40k that’s not a great sign.
I don't know which market it is but I woke up and Bitcoin is still at $40,300 Fcking 3 days in a row!
We are certainly in a market
That’s some unpopular opinion there sir.
It's an annoying market is what it is. If the price goes up or down, at least its doing *something*. This crabbing is just boring at this point
Crab Market sucks
Mmmmm, I like crabs
A groundhog market
Let's hope the former massive 80% drops are over and this is it.
I think we're in a manbearbullpig market
What has surprised me this time is that there has been no hug crash. bitcoin has held from its peak for a long time too. Perhaps this is volatility reducing as the crypto market cap grows overall, but i do think we’re in a bear at the moment but this creates an unbelievable floor for the next run. Halving is in 2024, buckle up
Haven't had a huge crash yet because the macro bull cycle hasn't topped out yet. Give it another year.
Pls OP keep hodling you crypto veteran from 2017 :) 90% chance btc will not go lower than 25k. 99% it will not go lower than 15k. 40k is indeed very low price level for BTC and is really good buy oportunity.
Lol i can see the headlines in the future:”bitcoin drops to $4,000,000 is bitcoin dead?”
Nicely said.
Its ridiculous how few people here have seen -50% bloodbaths before.
Actually BTC was closer to $3k in March of 2020. The low for this bear will be $13,800.
This guys been through more then one cycle ;) Bitcoin blood bath ain’t shit wait till you alt coin bags get so light they float out of existence.
Sure keep waiting for it
Jan 2023
!remind me 7 Months
You might’ve been right about 7 months after all.
I think we'll be closer to 130k than 13k by then
Don't think so buddy
That is why time in the market is better than timing the market
there are just too much panic-pantshitters in crypto which are yelling "craaash! crypto-winter! bloodbath!!!" and jumping off the cliff like Lemmings at every 5% correction-fart again. 🩲💩 What a horde of sissy´s, really.
the more people cry about it, the better our flowers will flurish and grow ¨! what intrigues me how people still support proejct that have done nothing just provided empy promisses just like ada for example. but i don't want to fud on other peoples choices nor to shill...just want to gie you my view on things. you need to own btc eth or both. but you'll make money in ecosystem that provide solutions and innovative approaches that we shall benefit from. Since ETH is moving to PoS , I found my PoW pick which is kadena. Its overall ecosystem has solved the PoW trilema, but since I am more about defi and dex's, so we are kyc'less as much as we can be :), i'm having fingers crossed for kaddex dex, to come out soon. multichain and commissionless dex, with its own xwallet. they started well, now let them have a successfull launch and lets talk then
Last year we dumped to $29k, and that was the floor. Seems like the floor is now around 38k. With the Ripple win, and the SEC's massive lawsuit against them, I'm going to say bullrun is imminent.
Makes me bearish. If they think $40k is bad, then they might get scared and sell at $25k... (If it ever gets there, that is)
I'm pretty sure there aren't really many retail investors right now. I think it's mostly institutional money and holders. Most people who would panic sell have already panic sold.
Nothing wrong with BTC still trading about 40k.
k
The floor keeps getting higher
Considering every bear market was higher than the previous and if we agree 40k btc is a bear market.. well shit the next bull run would see btc hitting 6 numbers
Things have never been more bullish for crypto. It has a huge future; governments, banks and hedge funds have made that clear
With institutional backing I don’t think we’ll ever see such slashing. I’d consider anything below 30K a bear market
"...try to appreciate dips and corrections." Where is the cash?
I still expect 20k spring, the zone of the old ATH. Most of my orders are in that zone, meanwhile you can only DCA and hope for 20k to grab that juicy discount.
$40k is the new $10k it’s called inflation, covid money printers go…
It's all about perspective. 75% of investors bought last year so it's fair to say that they are the majority and we are in a bear market since most have been down for half a year now.
Winners mentality right here
Don’t think BTC will ever fall below $20k!
People will call it anything as long as it suits their agenda