Bitcoin is going to crash to 3k

Bitcoin is going to crash to 3k.

All of crypto is going to crash next week.

This is your final warning. Bloody monday will start soon.

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zoom out

>thinking crypto will crash before conventment's tge

kek

no u

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>those axis

Lmfao you huge fucking wanker

the parabolic growth from 2016 to 2017 has been broken a long long time ago. The bubble has popped, please stop hoping for a new pump because you will get rekt over and over.

please stop following tone.

BTC will never go below $5500 because if it does it won't be profitable to mine. Miners will shut off the mining gear which will make BTC 10x slower with larger transaction fees, basically clogging the whole network.

You are assuming that market forces are rational, but that's not the case. Fear kicks in once we go below 6k because it means we are definitely going a lot lower than that. Once that happens, everything becomes a race to the emergency exit.

cost of production is not support

let me repeat

cost of production is not support

they don't have a magic switch to make it stop dumping. it's a stupid narrative

absolutely fucking delusional lmao. im so glad that the majority of the market is still made up of people like you. easy money.

Kek all you shorts about to get bart’d So Hard

Get out Bart I’m piss!

Miners don't generally shut off if the price drops, and the ones that do are replaced by additional deployments by farms or new people entering the game. If the difficulty increase slows, more people would use it as an opportunity to speculatively mine. It's a self balancing system. Follow Bitmain's actions and you will gain a better understanding of the crypto market.

The magic switch is them manipulating the market

so not only are their profit margins getting slim, they are now going to invest more FIAT into bitcoin to stop it from crashing? These guys don't have infinite money.

m-my lines said it will go up mommy, why is it going down???

all shitposting aside youre measuring unnatural trends from mt.gox tape painting to the dumpening of the trust after it. just end yourself mate

we'll probs stay at 6-10k for next 6 months, but i dont mind waiting 6 months for next moon

lol. nope. this is cb data. fuck mt.gox. also have fun missing the golden bull.

there will be no moon for the next 2-3 years. and probably will never be a new ATH again.

3-4k this month. 1-2k in 6 months to a year.

If it's anything like real commodity markets (a big if, I know) major producers levered to the tits into production capex will continue to produce at a loss to try and keep making loan payments because they have no other choice other than to default. Look at the oil industry in Canada as an example.

lol i won't miss a thing but your bankruptcy filing.

just like last time?

where it stopped at 5.7 and then went to 8.5?

Yeah, yeah, yeah.
Bullrun imminent, BTC is going to 4k...

It won't hold 6k forever. The bubble is over, no new money is coming in. The pump to 8.5k create a ton of new bagholders. It fully retraced. Nobody will ever believe a pump again, they have all been burned. It's time to go lower.

what the fuck, if you don't have the slightest clue about bitcoin, why would you bother making this thread
>muh similar pattern found
btc and silver don't have similar price movements for obvious reasons. the picture you posted in OP is disgustingly dumb

lol. sure thing.

Give a counter-argument then. All you're doing is putting your fingers in your ears and scream NO NO NO IT CANT GO DOWN while it price keeps crashing

the next few moments are unironically critical for bitcoin
will it break $2k again?? please??

We touched 5,9k a couple of days ago, so I don't get your reasoning.

my point is that you are wrong when you say going under 6K means we are definitely going way lower than 6K and it will be a scramble for the exit... because it isn't

>I'm here since 2018, the post

Bitcoins has not been profitable to mine for some big miners a lot of times before

You're a brainlet

reminder that 5.5-6k is unironically the bottom for btc and it will continue to regain its rightful dominance over the market until alts have fully capitulated, then...

M O O N

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there's problem with Bitmain IPO
if they don't get enough money and continue to fuck up it could lead to their bankruptcy which will heavily affect the network since right now they have something like 41% of hashrate
you could only think of collapse we're about to see if Jihan will fail and rest of the crowd will not upkeep current hashrate
imagine 1300$ BTC + hashrate / difficulty / network / transaction turbulence for 2-8 weeks and upcoming halving in 2020
actually could trigger 2 year bear market, but very unlikely. if tether and bitmain both will collapse during one month it could happen, like apocalypse scenario

Your comparison with silver is problematic...
You're comparing a 50% silver retracement with a 70% retracement.
See pic.

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