How can bears believe we are going to $3k when we only touched $3k for an hour back in October when China was banning exchanges and it ended up violently erupting to $4.5k a few days later? Every time $6k was touched there were high volume buys that sent us back to $8k ffs.
Bears are more delusional than bulls
Grayson Davis
Jordan Robinson
4800 seems reasonable
Ryder Davis
bottom was 6666.6
we won't hit that again.
may go down, may go up, but that was the bottom.
Jayden Hernandez
>4800 seems reasonable
We reached $5,500 on the Bitcoin Gold fork alone and never dumped down even after the fork. Two high volume bounces off $6k.
IMO max delusion are short-term bears who are long-term bullish. Their sentiment is that BTC will drop to $3k, let them buy-in then moon to fucking $100k in the future lmao. It just sceams "i missed the boat".
Hunter Ward
That is what i'm talking about. We hit that price twice already within 3 months and everytime it just bounced hard with strong volume.
Liam Taylor
I hate bitcoin
Samuel Roberts
Bitcoin's price is entirely based on the greater fool theory. Might as well go to zero.
Parker Green
If they were smart they wouldn’t be bears...
Xavier Stewart
>Bitcoin's price is entirely based on the greater fool theory. Might as well go to zero.
>zero
Lmao you're lying out of your ass if you wont place a huge amount in BTC if it goes back to $500 or even $1000. Deep inside every perma bear is just itching to time travel back and jump in.
Thats how an asset class rebounds retard. You might not be willing to buy huge amounts of BTC at $3,000 and will only be willing to buy at $10 or $100 but some other guy thinks $3,000 is a steal. While some other guy who sold high thinks $6000 is a steal.
Clearly the market thinks the $6,000 range is a steal hence the high volume bounces at that level twice. You're deluded if you think BTC will reach $0 to $100 now. Since even a billionaire will be able to buy the entire supply with play money at that point for the lulz.
Connor Smith
nice, will be buying your coins at 3k op
Hunter Flores
>nice, will be buying your coins at 3k op
There is no point selling at that price. Might as well ride it down to zero at that point. The risk reward would be tipped at that point get it since BTC rebounding at $3k is likely than it going to zero and Bitfinexed being able to buy back in lower than he sold.
Jordan Phillips
Yeah, this. I'm a bear right now too, and I doubt lower than 6k. There's just not enough sellers below that. I'm certainly not selling anything below that point, I'm more than covering my position (and profiting!) with shorts.
People need more patience. I know they wanted Lambos this year, not gonna happen. Not with fucking Gox still biting us on the ass. This year is accumulation, get onto it. Think of it as the weak hands shake out. Be happy you've got more dips to buy. Absorb the supply.
Caleb Brown
Except all the normies are out that low. Nobody else would sell at that point.
Parker Martinez
Not to mention there is a study that Bitcoin miners would rather hold at that point than sell that low lol.
Joseph Perry
Yep. I'm happy to DCA with $100/week. It can bounce back and forth in the $8000-10000 band forever for all I care.
Austin Lewis
Just think easy taxes will be next year
Ayden Diaz
Also, who the fuck would fail to sell twice at $6,000 but would sell at $3,000 to $4,000? The drops to $6,000 were separated by weeks. Surely someone with weak hands would have panic sold their stack then?
Henry Hill
bears are still in denial that we double bottomed
Robert Jackson
>WHY IS EVERYONE SELLING REEEEE CANT YOU SEE THEY JUST WANT IN LOWER????
btc is a steaming pile of dogshit that WILL NEVER SCALE
Daniel Mitchell
Then answer this, who the fuck would fail to sell twice at $6,000 but would sell at $3,000 to $4,000? The drops to $6,000 were separated by weeks. Surely someone with weak hands would have panic sold their stack then?
We double bottomed already and these bottoms were separated by weeks.
Nolan Sanders
Here's how your "double bottom" played out in 2014
Carson Brown
>muh 2014
Do you know how stupid you sound by comparing the current market to the 2014 market where BTC's liquidity was shit? Might as well roll backwards to when BTC was at $6 and the volatility was sky high.
The volume is significantly higher now and there are a lot more money waiting on the sidelines waiting to buy a crash than back in 2014. Because lets admit it, significantly less people knew about crypto back then.
Jack Hughes
Why do bears exist?
How can you possibly make money from buying high and selling low?
Even if they do turn a profit it's literally cents on the dollar. Where's the logic?
Cooper Hill
6k was the former floor, it represented people with no interest in selling at that price.
8k is literally the new floor. Nobody will sell for that low.
Logan Wood
>significantly less people knew about crypto back then.
no
but significantly less people were taking it serious back then
well they still dont take it serious as a currency, but since 2017 people actually do take it somewhat serious as a trading commodity, which is still a big step up from "that weird internet money used by hackers to buy loli porn on tor"