im pessimistic now seeing bitcoin below 25-22k mark . each time bitcoin enter bear market it does effect my bushiness gross sales .
Make your vote, Bitcoin will hit 18K now?
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Yes, that is correct. So, when the NASDAQ hit its bottom in September 2002 it then took the NASDAQ fifteen years (until November 2017) to recover to its previous (February 2000) all-time high.
https://www.macrotrends.net/1320/nasdaq-historical-chart
In other words, now that Bitcoin is correlated to the stock markets, you now need to know the history of the stock markets to know the potential recovery time of the price of Bitcoin if︀ a sustained bear market occurs.
I doubt that most Bitcoin holders are patient enough to︁ wait a few years, much less fifteen years -- especially if they purchased near the︂ market top.
Stocks are backed by real assets, i.e., real running businesses, so long-term investors︃ are patient. Bitcoin is only backed by mere faith and, for most people, faith is︄ easily lost over a long time period.
https://www.macrotrends.net/1320/nasdaq-historical-chart
In other words, now that Bitcoin is correlated to the stock markets, you now need to know the history of the stock markets to know the potential recovery time of the price of Bitcoin if︀ a sustained bear market occurs.
I doubt that most Bitcoin holders are patient enough to︁ wait a few years, much less fifteen years -- especially if they purchased near the︂ market top.
Stocks are backed by real assets, i.e., real running businesses, so long-term investors︃ are patient. Bitcoin is only backed by mere faith and, for most people, faith is︄ easily lost over a long time period.
Main purpose of Bitcoin is to eliminate Third party in financial industry like Bank, Broker etc.
Due to greed of people, Bitcoin turn into casino and money laundering hub. Most funny part is the this exchange like coinbase,binance etc. If you need them to use crypto than what is the need of crypto. What's wrong with traditional Bank ???? Most elite tech rich people does not focus on Crypto adaptation. IN 2022 how many main stream people are not using crypto for day to day to activates. There will be new coin and new exchange appear everyday but people use it is less. Due to︀ lack to adaptation , It turn into the Digital Gold. It just kill the soul︁ of bitcoin. It never meant to be Digital Gold.
Imagine a World Where you buy︂ stock without broker, where central bank can adopt block chain and everybody can buy Gov︃ BOnd without any broker or middle man. Whole life can be run without middleman. Forget︄ the price and Digital Gold thing just try to understand the real Blockchain adaptation can︅ done the miracle.
There are many government welfare scheme, Due to corruption , the needy︆ people does not get benefit. using blockchain you can eliminate corruption . By direct transfer︇ money to needy people.
Big company can eliminate whole financial department.
p.s. I am not︈ expert. just give some thought hope you like it 😎😎😎😎
Due to greed of people, Bitcoin turn into casino and money laundering hub. Most funny part is the this exchange like coinbase,binance etc. If you need them to use crypto than what is the need of crypto. What's wrong with traditional Bank ???? Most elite tech rich people does not focus on Crypto adaptation. IN 2022 how many main stream people are not using crypto for day to day to activates. There will be new coin and new exchange appear everyday but people use it is less. Due to︀ lack to adaptation , It turn into the Digital Gold. It just kill the soul︁ of bitcoin. It never meant to be Digital Gold.
Imagine a World Where you buy︂ stock without broker, where central bank can adopt block chain and everybody can buy Gov︃ BOnd without any broker or middle man. Whole life can be run without middleman. Forget︄ the price and Digital Gold thing just try to understand the real Blockchain adaptation can︅ done the miracle.
There are many government welfare scheme, Due to corruption , the needy︆ people does not get benefit. using blockchain you can eliminate corruption . By direct transfer︇ money to needy people.
Big company can eliminate whole financial department.
p.s. I am not︈ expert. just give some thought hope you like it 😎😎😎😎
Well after the 1929 crash also the stock︂ markets (u.s) took more than 20 years i think to cross the top of 1929.But︃ the commodities and different stocks had their bull markets in between- check charts.Bitcoin is not︄ an index like the NASDAQ. And because btc has a utility and can be used︅ like liquid gold for exchanging money it will be here to stay.Yes -when the next︆ bull market for crypto will arrive is anybodys guess and i dont have a crystal︇ ball and most HODLRS will throw in the towel maybe at the bottom.However BTC /crypto︈ are not going away anytime soon.Rather i think crypto will become even more mainstream and︉ get adopted in our lives like mobile phones have.Any new tech that makes your life︊ easy will stay.So the next bull market whenever that happens is going to be bigger︋ than this.Specifically for the major coins.This was just a trailer.Just like people who put money︌ in penny stocks in the hopes of getting rich dont ever get rich -even here︍ people who will put money in s**t coins will die poor.But the major coins will︎ stay - and you will definitely have a fantastic bull market in them again.
Coming to your real assets part might i remind you that company stocks go to zero️ when they become bankrupt ( all your blah blah hypothesis can nosedive with one wrong decision from the company and nobody can know when it takes that nosedive)and even oil went into negative territory.
Hence the only thing important is whether there are more buyers than sellers or vice versa - because all the hypothesis in the world is not going to put money in your pocket unless confirmed by price action.
Coming to your real assets part might i remind you that company stocks go to zero️ when they become bankrupt ( all your blah blah hypothesis can nosedive with one wrong decision from the company and nobody can know when it takes that nosedive)and even oil went into negative territory.
Hence the only thing important is whether there are more buyers than sellers or vice versa - because all the hypothesis in the world is not going to put money in your pocket unless confirmed by price action.
More often than not you make money by just watching others placing their (ridiculous) bids ...
The current market environment is most likely one of these situations.
Understand that not loosing money is very often your biggest gain.
The current market environment is most likely one of these situations.
Understand that not loosing money is very often your biggest gain.
That is exactly how it works. He used the proper caveat "More often than not," which is true.
You sit on your money until you see an investment where all the factors line up in your favor, then you pounce.
""The way of the successful investor is normally to do nothing -- not until you see money lying there, somewhere over in the corner, and all that is left for you to do is go over and pick it up." Legendary investor Jim Rogers.
You sit on your money until you see an investment where all the factors line up in your favor, then you pounce.
""The way of the successful investor is normally to do nothing -- not until you see money lying there, somewhere over in the corner, and all that is left for you to do is go over and pick it up." Legendary investor Jim Rogers.
Ya you need to wait for good opportunities,its more like hunting.You have︀ to be patient till the opportune time to pull the trigger.I still think 12 k︁ is on the cards after a halt at 18 k
Well lets see if it gets to 12 k,you can give me the recommendation letter for the Bahamas Right to reside( i had checked the requirements ) and we can enjoy a meal together.Obviously you pay the bill.If it doesnt get there and i am in Bahamas i will take you out for lunch.Any good recommendations for a nice restaurant??
Bitcoin is down 69% from it's ATH (69k), chart-wise, it's never gone︀ under it's previous ATH. Old ATH is that of December 2017 when it hit 21,000︁ United States Dollars.
Indicator-wise, MVRV Z Score has already entered bottom territory, same level as︂ March 2020 (first time crypto went through a real bear market) or March 2012, or︃ September 2015. This indicator didn't hit the red price range like with previous bull runs,︄ if one was to only base their investment on this indicator this would be the︅ best bidding range since 2020.
Other indicator crap like RHODL ratio, Pi Cycle Top, RUPL/NUPL︆ are also closer to the bottom than to the top.
And the most important line︇ of them all, the 200 week MA, the one line BTC has always jumped off︈ like floor was lava has already been touched.
Whale-wise, they're bidding. Short-Medium-Long term target? I︉ don't know.
I'm in it to sell at 144k. I'd prefer buying now and temporarily︊ lose 8k if it goes to 12k and/or bid now and make at least 100%︋ within 2022. 400%-500% within 3 years. Nobody other than Blackrocks engine can nail the bottom.︌
Can it go lower? Of course it can, however, I don't gamble unless I know︍ the game is rigged in my favor.
Please save the Warren Buffett memes for people︎ who just entered the space, not me. People were waiting for 18k last July, it️ never came, now people are waiting to buy at 12k, thinking they can nail the bottom. Good luck, you will probably be the first one to do so.
Indicator-wise, MVRV Z Score has already entered bottom territory, same level as︂ March 2020 (first time crypto went through a real bear market) or March 2012, or︃ September 2015. This indicator didn't hit the red price range like with previous bull runs,︄ if one was to only base their investment on this indicator this would be the︅ best bidding range since 2020.
Other indicator crap like RHODL ratio, Pi Cycle Top, RUPL/NUPL︆ are also closer to the bottom than to the top.
And the most important line︇ of them all, the 200 week MA, the one line BTC has always jumped off︈ like floor was lava has already been touched.
Whale-wise, they're bidding. Short-Medium-Long term target? I︉ don't know.
I'm in it to sell at 144k. I'd prefer buying now and temporarily︊ lose 8k if it goes to 12k and/or bid now and make at least 100%︋ within 2022. 400%-500% within 3 years. Nobody other than Blackrocks engine can nail the bottom.︌
Can it go lower? Of course it can, however, I don't gamble unless I know︍ the game is rigged in my favor.
Please save the Warren Buffett memes for people︎ who just entered the space, not me. People were waiting for 18k last July, it️ never came, now people are waiting to buy at 12k, thinking they can nail the bottom. Good luck, you will probably be the first one to do so.
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