Crypto market - the sh*t is exploding!! What's your next move?
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It will go sub zero, it's the end of it
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Is this triggered by seeing BTC dip below 20k? Where is Elon with a crypto tweet when you need him smi(&%. Don't let the lawsuit scare you Elon from business as usual...lol.
P.S Updated title to "*" out bad language
P.S Updated title to "*" out bad language
I thought Johnny you are holding a lot of crypto why would you want that??Although my price target is 12 k for it.
Well i will get in the bandwagon of buying crypto when it gets into an uptrend.Currently waiting for the down trend to playout.
Due to the vast gain in prices over the years, moderate % swings can look bigger than past swings if you don't consider the scale.
If we look at USD-BTC on a log scale, we can see that the recent relative drop has not been bigger than previous drops. It needs to fall below about $13,500 to repeat past cycles; time will tell if that happens but I expect that a lot of bigger folk will buy in if it gets near to that level.
One thing that does stand out is how︂ flat the prices have been recently. 18 months since peak and we're not even down︃ by 80% yet. In the past, the time from peak to 80% drop was shorter.︄
If we look at USD-BTC on a log scale, we can see that the recent relative drop has not been bigger than previous drops. It needs to fall below about $13,500 to repeat past cycles; time will tell if that happens but I expect that a lot of bigger folk will buy in if it gets near to that level.
One thing that does stand out is how︂ flat the prices have been recently. 18 months since peak and we're not even down︃ by 80% yet. In the past, the time from peak to 80% drop was shorter.︄
Yeah, these are always momentum enforcers and are incredibly bullish at the top and doomsday at the bottom.
Not really -so far my shorts are performing pretty good.I guess we will find out how they perform as time progresses.And since I am not married either to the bull side or the bear side i dont really care which side it goes.I will trade as per the line of least resistance.As of now i think it will go to 12 k.In the event it doesnt play out the way i envisage - it takes me a whiff of a feather to reverse my positions.As i said before i am willing to lose the︀ last eighth of a move.Risk is always there in everything.Its all about managing that risk.I︁ have never understood what you want to convey with your comment of 1BTC equals 1BTC︂ because 1kg of Gold is also 1Kg of Gold.
the miners know 🙂 , it's a simple math, the halving will kick in, reducing the supply miners sell by 1/2, which will force BTC price trend up again, because not all are aware of the exact date of halving and its effect, so people will see the graphs and think "wow the price reversed, let's start buying it's the new opportunity to make money", and the cycle will repeat IMHO. It'll keep happening until halvings exist, until all BTC is mined, pretty sure, as long as any demand for︀ BTC exists. Because look, even if it drops to 3k this time again, and will︁ cost 3k all next year, after the halving this same amount of people who sell︂ and buy, will push the price to 6k (because supply was cut in half), I︃ think all others who will see the rally from 3k to 6k within a few︄ weeks, will join the party and start buying, so it'll snowball again, up to X︅ price, no idea if it'll be 20-30k or 80-90k, but FOMO will repeat itself in︆ some way for sure after halving.
Clock is ticking, it says 2024, such a long︇ wait 🙄 too bad. #1 Bitcoin Halving 2024 Countdown & Date ETA (BTC Clock)
Clock is ticking, it says 2024, such a long︇ wait 🙄 too bad. #1 Bitcoin Halving 2024 Countdown & Date ETA (BTC Clock)
It does not look like sufficient demand will still be there -if & when- the next halving arrives.
Too many normal folks got burned and will never return. And more will get burned with the mounting bankruptcies of dubious crypto lending companies and exchanges.
The so-called wealth managers (aka "professionals") are currently getting kicked out by their compliance because ever more hedge funds have to be liquidated.
Too many normal folks got burned and will never return. And more will get burned with the mounting bankruptcies of dubious crypto lending companies and exchanges.
The so-called wealth managers (aka "professionals") are currently getting kicked out by their compliance because ever more hedge funds have to be liquidated.
Same with the stock market. Short relief rally for no apparant reason. The worst is yet to come - wait for autumn eek¤%&
Note: BTC acts like a penny stock and is a typical risk-on asset.
Note: BTC acts like a penny stock and is a typical risk-on asset.
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