Make your vote, Bitcoin will hit 18K now?

[fortunespeculator]

Why do you say so- because it is going down like a waterfall??Enlist your reasons please.Even⁠ good stocks go down in a bear market so let me know your reasons.Getting everything⁤ right the first time is anyway a difficult plight,even though desirable so let me know⁣ the flaws that you see in btc, however if not btc some other crypto will⁢ do the trick,just like in the markets leadership changes hands.But crypto is here to stay.︀

Ya 12 k coming︂ hold on to your horses

So your target price for btc is 1 million,ok.

 

[ImKing]

the good old advise!

 

[polonieth]

$11-12k my prediction for the low

 

[fortunespeculator]

Ya absolutely

 

[Golden Fleece]

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.

 

[JohnnyDoe]

The crypto market index CCi30 has a beta of‍ 0.72 against SPY, so yes they are quite directly correlated, like most financial markets. More⁠ interestingly, alpha is 1.25, so it can be said that it is a better investment.⁤

 

[fortunespeculator]

Its good if the second leg down gets a catalyst︀ like this.

 

[CoinMaster]

You were all WRONG, wrong, so wrong.

Now it got back to above 22K still‌ going up!

 

[backpacker]

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?

 

[EliasIT]

do you believe that it will going to be worse‍ compared to what we already have seen?

 

[Golden Fleece]

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.

 

[SinghCapital]

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.

 

[fortunespeculator]

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.

 

[Goranizmir]

In this situation, nobody knows.

 

[fortunespeculator]

Lets see after 23 rd‌ July

 

[boomy]

now all crypto is going up.... BTC crossed 22K ETH 1,4K which it didn't do‌ the last 2 months!

 

[JohnnyDoe]

It’s a false uptrend, a bull‍ trap built over a bearish flag. Bitcoin will go to zero or lower. smi(&%

 

[backpacker]

Where irony meets reality 😉
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html

 

[Golden Fleece]

I liked this acknowledgment of reality,‌ though:

“I thought we’d be buying our ham sandwiches⁠ with Bitcoin by now.” Satoshi Nakamoto

 

[fortunespeculator]

Reinitiated shorts today at‌ 21k levels.