Make your vote, Bitcoin will hit 18K now?

Status
Not open for further replies.
A day to go and it seems majority of people in poll maybe roughly right conf/(%.


Anyone know what the current breakeven price is for BTC miners? I am thinking of those with higher cost of electricity and overheads.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Martin Everson said:
A day to go and it seems majority of people in poll maybe roughly right conf/(%.


Anyone know what the current breakeven price is for BTC miners? I am thinking of those with higher cost of electricity and overheads.
Click to expand...
Click to expand...
It is ominous that the price of Bitcoin is declining even on days when the stock markets are not open.

Bitcoin is now down over 72%. Meanwhile, gold is still doings its job as an asset that holds its value during tough financial times. It is still up one percent this year, while most other assets have lost value. So, much for Bitcoin acting as digital gold.
 
Martin Everson said:
Martin Everson said:
Anyone know what the current breakeven price is for BTC miners? I am thinking of those with higher cost of electricity and overheads.
Click to expand...
Click to expand...
there are so many variables, like hashrate, operating costs including hardware, electricity etc. The rock bottom should be around $3k, but there are plenty of newcomers for whom anything below $30k results in a loss. These guys will close operations, with obvious consequences for the price, like it happens with any commodity.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 
$13k and automatic bounce to 18-20k and after that we will create a channel high probably between 15k and 19k
 
I saw it bottom out around $18,085 on coinmarketcap today 😀.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Bitcoin will bottom whenever the stock markets bottom, the timing of which is very unclear at this time because our masters at the Fed must decide whether to kill inflation or have a recession. Those are the two options. There is probably less than a one percent chance of a soft landing.
 
Golden Fleece said:
Golden Fleece said:
It was not the only company to do so. I read earlier today that Celsius Network also halted withdrawals because of “extreme market conditions.”
Click to expand...
Click to expand...

Seems Celsius still blocking peoples funds. But I guess its users would have understood this all had they read the Term of Use.

https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6

Anyway the question now with BTC price hovering around 20k is whether it has hit the bottom or will fall further.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Compare the graphs of BTC and ETH from yesterday. Is crypto trading purely computer driven?

6150162F-6253-452B-B3DF-1FA24651F873.webp
 
RealDude said:
RealDude said:
Compare the graphs of BTC and ETH from yesterday. Is crypto trading purely computer driven?

View attachment 3862
Click to expand...
Click to expand...

That's just correlation. They nearly all go up an down at same time anyway. As of right now bitcoin is up so nearly all the top 100 cryptos are up on coinmarketcap. When it goes down they will too..lol.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Forget about Up and down. There is hugh arbitrage opportunity between ETF,ETP,Future, option and spot. Try luck there . You can make Hugh money If you know the "Things"
 
ImKing said:
ImKing said:
I don't know the things! What's the prediction now, anything to wait for before buy BTC again?
Click to expand...
Click to expand...
Yes, there is a lot to wait for!
Do you really think that it is a good idea to invest into anything which is highly affected by rising interest rates. A vicious cycle of rate hikes has just started and is not limited to the US. In this environment it is financial suicide to invest in crypto.
 
backpacker said:
backpacker said:
Yes, there is a lot to wait for!
Do you really think that it is a good idea to invest into anything which is highly affected by rising interest rates. A vicious cycle of rate hikes has just started and is not limited to the US. In this environment it is financial suicide to invest in crypto.
Click to expand...
Click to expand...
Unless it is not. Don't try to pick the bottom.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 
JohnnyDoe said:
JohnnyDoe said:
Unless it is not. Don't try to pick the bottom.
Click to expand...
Click to expand...
There is no need to pick a bottom for Bitcoin, mostly because you can't. Its bottom will depend on macroeconomic fundamentals that have not yet played out, plus it has a very limited price action history. As backpacker already stated, just wait for the vicious cycle of rate hikes to bludgeon the stock markets, wait for the stock markets to bottom, and then buy Bitcoin on the price upswing. It is now correlated with stocks.

When people are so disgusted by the mere thought of buying stocks (or crypto), then that is the time to buy. We are not even close to such a market sentiment capitulation. People are still talking about "buying the dip" or "buying the bottom." There are still plenty of bull traps to navigate.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    11
  • Time
    0.6242s
  • Memory
    14.12MB
Top Bottom