its clear the btc is going to continue going down. we have not hit the bottom. anyone who disagrees just fuck off so that the people that arent complete retards can have a real discussion.
from looking at market cycles across different assets bubbles, as well as comparing the previous crypto bubbles, it seems like 2 years from peak to bottom is a good average. my guess is that the bottom will be somewhere around 3k on a capitulation dump (high volume sell-off), with accumulation zone around 4k (give or take) for an extended period and a trend reversal mid-late 2019. the next halving is in mid 2020 so i would assume the reversal will definitely start before then. in the mean time all of the ico shit coin scams are going to completely eradicated either dying of zero volume or team/advisor/presale unlocks that are about to be dumped on the last of the deluded bagholders that were too stupid to see it coming.
i can post some charts and reasoning if anybody cares.
This makes sense. Bullrun now is a pipedream. Please post more
Justin Evans
no but im making inferences from similar bubbles in the past
Dylan Reed
There's always corecucks that shit up a thread and add nothing of value. Why do you dumb faggots think BTC is going anywhere but down? It literally isn't even a currency anymore, it's just a 'store-of-value' ponzi scam.
Why the fuck should it be worth 5-6k?
Isaiah Taylor
>corecucks
there’s so much wrong with this word that makes you such an unbelievable retard I have no idea where to even begin
Anthony Lee
What is wrong with it besides the fact it clearly offends you due to the truth behind the word itself? Corecuck = suck Blockstream Core's cocks while they fuck your arse by limiting Bitcoin's growth.
Corecuck.
Carson Wood
I hope your mom doesn't see those swears you're writing there buddy
Brandon Torres
>pipedream All it takes to cause one is a bank run Bank stays closed to prevent withdrawls, panic sets in, foreign money leaves nation through btc
Kevin Campbell
check out the nasdaq dot com bubble. we can learn a thing or two from the boomers you know. it took two years before the bottom was hit, and even companies that were actually growing and increasing earnings had declining stock prices
that’s all the energy I have to say to deal with you
Brody Bailey
where is all of the money going reeeeeeee
Jordan Hernandez
My thoughts on this as well, user. My plan is to wait on a trend reversal and the behavior around the 200 day MA, no need to catch falling knives, I don't care about the theoretical maximum gain that could be missed with this strategy, that's a lesson learned from to much greed in my past. Nevertheless, I think this will be the longest bear market for Bitcoin since its inception, unfortunately, but that's how these things work, delusion is still way too strong, but will start to crumble with the dying 6K "support".
you cant compare it to normal market i did this mistake before and get burned really hard
Joseph James
Sold at 5.8k, we are going to sub 5k by the end of this weekend.
Brayden Martin
>wow a meme chart
see you at 4000USD next week
Joshua Ramirez
I believe this as well. And as I'm almost never right I'm not sure about it
Asher Anderson
How can you be this delusional. Go short 100x. Give me free money
David Ward
So here's a fact for any TA fag;
Your meme lines mean nothing in case of an event; life bch fork. Price dropped because some shit happened.That's all. It has no impact on bitcoin, but you know; speculation. That phase is over. Also, if we assume the what happened august 2017 will happen now(after fork "recovery"), I can easily say, we bull now, but we won't,yet. This drop was a good opportunity to buy, not sell. We are getting closer to bakkt and if you can't comprehend the power it has(even in short term,speculative) you are a moron.
You have 2 weeks at most to accumulate.
Be Smart. Don't try to buy/find/short the bottom.
Josiah Williams
i agree also do not speculate with margin not now
Brandon Martinez
this is absolutely ridiculous. youre assuming that these events actually have an effect on the market cycle. if the price didnt drop from this stupid fork war shit it would have been something else. there are so many people clinging to muh bakkt as their last bit of hope that its sure not to have an impact. lets not even get into the fact that bakkt doesnt address the problem of zero demand. this is absolute peak cope and you think like a pleb. enjoy losing your money.
yeah i agree that this will be a longer bear market, because the general public was exposed to the phrase "bitcoin bubble." its going to take a while before that idea is gone and the knife catching can be extreme. btc can easily lose another ~50% from here.
