Make your vote, Bitcoin will hit 18K now?
- Thread starter SoNewToAllShit
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Bitcoin will bottom when the U.S. stock markets bottom. They are now correlated at 0.82.
Michael Burry first rose to fame when he predicted the mortgage-backed securities housing bubble of 2008. He was played by Christian Bale in the movie “The Big Short.” On Friday, he predicted that equities have only slid in value by about 50% of their anticipated decline so far:
https://www.newsmax.com/finance/str...=DM350165_07032022&s=acs&dkt_nbr=01010210cmwc
He is not the only major analyst to predict︁ that earnings will be the catalyst that will drive the price of equities down even︂ further.
Michael Burry first rose to fame when he predicted the mortgage-backed securities housing bubble of 2008. He was played by Christian Bale in the movie “The Big Short.” On Friday, he predicted that equities have only slid in value by about 50% of their anticipated decline so far:
https://www.newsmax.com/finance/str...=DM350165_07032022&s=acs&dkt_nbr=01010210cmwc
He is not the only major analyst to predict︁ that earnings will be the catalyst that will drive the price of equities down even︂ further.
It went down to below 18k. That is what the thread title is about.
What's the value of a short relief rally when the worst is yet to come?
What's the value of a short relief rally when the worst is yet to come?
It is a high probability, because the stock markets will likely continue to decline (as the Fed raises interest rates and we enter a recession). Bitcoin is now correlated to the stock markets. As investors deleverage during a sell-off they unload everything. And they sell speculative assets first.
BTW: This week, even gold finally went negative for the year -- after it held fairly steady all year long. It was one of the few assets classes that had gained value or stayed neutral︀ during the first half of the year.
BTW: This week, even gold finally went negative for the year -- after it held fairly steady all year long. It was one of the few assets classes that had gained value or stayed neutral︀ during the first half of the year.
I believe the bottom was in at 17k. We will be heading up from here. We have been adding to our positions across the board during this dip.
Did you make money?? Based on us being wrong and you being right??
One rally in a bear market doesnt make anyone wrong who are bearish on crypto(BTC) in a bear market,we had such rallies in 2008,it happened in 1907,it happened in 1929 also- Goldenfleeces analysis is bang on( even though i personally don't like to be a blah blah fundamentalist,and price action is the most important thing for me alongside the hypothesis) we are playing a game of probabilities here.
You should︀ always make your play keeping odds in your favour.Can you win everytime?No.But you will be︁ a net winner- that should be enough to be a Billionaire trader.
And as Soros︂ said ,you need to identify trends whose premise is false,ride it and step out before︃ the false premise is discovered and discredited.
The last guests in an ogre's party are︄ always eaten alive.
One rally in a bear market doesnt make anyone wrong who are bearish on crypto(BTC) in a bear market,we had such rallies in 2008,it happened in 1907,it happened in 1929 also- Goldenfleeces analysis is bang on( even though i personally don't like to be a blah blah fundamentalist,and price action is the most important thing for me alongside the hypothesis) we are playing a game of probabilities here.
You should︀ always make your play keeping odds in your favour.Can you win everytime?No.But you will be︁ a net winner- that should be enough to be a Billionaire trader.
And as Soros︂ said ,you need to identify trends whose premise is false,ride it and step out before︃ the false premise is discovered and discredited.
The last guests in an ogre's party are︄ always eaten alive.
Where irony meets reality 😉
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
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