after the thread was posted it already hit 17,7K then it went up. Now it is on the way down again.
Make your vote, Bitcoin will hit 18K now?
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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 coming hold on to your horses
So your target price for btc is 1 million,ok.
Last edited: Jul 3, 2022
the good old advise!
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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:
He is not the only major analyst to predict that earnings will be the catalyst that will drive the price of equities down even 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 predict that earnings will be the catalyst that will drive the price of equities down even further.
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.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
You were all WRONG, wrong, so wrong.
Now it got back to above 22K still going up!
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Now it got back to above 22K still going up!
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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?
do you believe that it will going to be worse compared to what we already have seen?
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My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
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 neutral during the first half of the year.
Last edited: Jul 8, 2022
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 should always make your play keeping odds in your favour.Can you win everytime?No.But you will be a net winner- that should be enough to be a Billionaire trader.
And as Soros said ,you need to identify trends whose premise is false,ride it and step out before the false premise is discovered and discredited.
The last guests in an ogre's party are always eaten alive.
Last edited: Jul 8, 2022
It's a false uptrend, a bull trap built over a bearish flag. Bitcoin will go to zero or lower. smi(&%
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Where irony meets reality 😉
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
I liked this acknowledgment of reality, though:
“I thought we'd be buying our ham sandwiches with Bitcoin by now.” Satoshi Nakamoto
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