@doomloop, I didn't find the exact data for 2022, but in the years before the amount of money that was waiting for a favorable moment to be invested was usually between $4 and $5 trillion, and I don't have too much reason to suspect that it is not a similar or even larger amount in this moment. Positive signals from central banks and announcements about the slowdown and reduction of inflation were obviously the trigger to release some of that money and direct it to the market.
Now the only question is whether it is something that will only be temporary, or whether 2023 will be a year of great recovery for most markets. It seems to me that Bitcoin is just returning to the levels where it should be if there were no scandals caused by Kwon&Bankman and all those who supported them. The ones who are quite disappointed now are those who wanted to see Bitcoin below $15k and as close as possible to $10k, although they still think there is still time for that to happen.
Topic: Bitcoin 50% Down Move Incoming? (Read 542 times)
Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.
That resistance has already been broken, and it seems that the path to $20k is open, although I don't know if there is a sell wall waiting for us there that will stop this mini bull run. To me, the only logical explanation is that good economic conditions were created at the beginning of the year and that money finally started flowing in all directions. Someone in WO wrote a few days ago that $20k is only a matter of days, and as it seems now, it could happen even before this week is over, or at the beginning of next week.but if it would be rejected then 16k might be seen again.
As for $16k, I don't rule out that possibility again, although it seems to me that there are more chances that it won't happen, but that's just my feeling.
Looking at how much USDT and BUSD etc etc we have in the market, if people started to spend that all, or even if not all but just half of that, we would be back to ATH prices, so the funding is there but are we willing to use it? I am not entirely sure. We could break resistance points not by just buying them all, but also making them fear they are missing out as well.
Yup. This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!
All good though!
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!
All good though!
It's always good when you're bearish in the charts but bullish in the heart. When it goes down at least you can say the prediction was good and get some positive feedback. When it goes up against your prediction, at least you feel good because you want bitcoin to be up and win over scammers and corrupt governments.
Hey, at least you said it would move on the 9th and it did.
Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.
but if it would be rejected then 16k might be seen again.
That resistance has already been broken, and it seems that the path to $20k is open, although I don't know if there is a sell wall waiting for us there that will stop this mini bull run. To me, the only logical explanation is that good economic conditions were created at the beginning of the year and that money finally started flowing in all directions. Someone in WO wrote a few days ago that $20k is only a matter of days, and as it seems now, it could happen even before this week is over, or at the beginning of next week.
As for $16k, I don't rule out that possibility again, although it seems to me that there are more chances that it won't happen, but that's just my feeling.
Yup. This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!
All good though!
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!
All good though!
Just read again, what I was asking for was new charts and predictions, not old proofs.
I am aware that this kind of predictions, no matter how good are they documented, may or may not come true, don't worry.
@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
Yup. This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!
All good though!
@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
Cryptal balls whether it would be broken or not and its just really that normal that lots of speculations and analysis would seem to be broken when Bitcoins price had moved up into the other path.It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
Its not that surprising and this is what makes it look interesting that we've been trying out to compare others predictions into ours.If it fails or ends up wrong then we just moved on and
make another one and its not a mistake since this market had been speculative since from the start.
Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.
@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?
So let's move on and bring us another chart, what you think? Any new prediction?
It appears someone did not get the joke or does not see how Michael Saylor is presently a running joke in the cryptospace. However whether it is a joke or not, Saylor has always made the wrong decisions after 2020.
For people who think like you, Saylor is certainly a joke in every sense, because a man invests in Bitcoin even at a time when most others are selling, because like every time we are in the middle of a bear market, pessimism is at its highest level, and tombstones for Bitcoin spring up like mushrooms after the rain. Maybe it's good to expose yourself to the end, in other words all the people (including Saylor) have been wrong for the last 2 years because they invested in Bitcoin.
Also on Sam Bankrupt-Fried, I reckon I was also the first person to speculate that FTX was going to bite the dust. I speculated him to be the next king in the cryptospace after Changpeng Zhao. I never considered him to be the most intelligent.
Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:
I think Sam Bankman-Fried is one of the most intelligent founders in the cryptospace, however, I am starting to be more skeptical about his agenda. In the article, he mentioned that bitcoin may have a future as an asset, a commodity or a store of value. I am scratching my head on what he might be implying in his statement. Is he telling us that bitcoin will not forever be no.1 in market capitalization?
It is funny for people who do not worship Saylor. We can joke and laugh lightheartedly because we do not take this serious. It is only very much similar jokes when Jim Cramer makes a bullish prediction. Also, what was funny was the timing of the creation of this thread predicting a 50% dump and Michael Saylor's latest purchases of bitcoin.
I never give myself too much importance. I am only a newsreader who shares the news and who has opinions similar to much of you. I am sorry if you do not like them. I am not quite certain why you are very annoyed with me.
Does saying he is one of the most intelligent the same as the most intelligent? Read the post you have quoted again. I was making an argument. I said Sam is one of the most intelligent, however. The argument makes it appear that he might not be as intelligent as mentioned.
Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:
Ouch, bbc. Heh.
So I don't think someone bought your account or posted on your behalf but when you make a habit of commentary on the news, you end up making contradictory statements every now and then. Think even I find myself guilty of that.
Perhaps time to leave them corporate personalities to themselves and not give them so much exposure? Particularly if you think they aren't intelligent...
I am not sure why he is quite annoyed. It might have started when I implied that thinking anything that is not bitcoin is a scam is stupid.
I remember you being optimistic in April when I said Bitcoin will touch $16k by End of Year.
Not a good year for whole world economy as for now, maybe try to adapt as per the situation.
$9k is not so far from $16k when we can go from $69k to $16k.
Not a good year for whole world economy as for now, maybe try to adapt as per the situation.
$9k is not so far from $16k when we can go from $69k to $16k.
In October I was already said that 8k is the worse case scenario, still, even then, I was thinking that we're late in the crypto winter and we will probably not touch that.
Since the 19k of October the current 16k is not so bad if we think in terms of going down, but I was expecting we will start going up...
So in January we may see 9k you say... and then what? Should I start asking like the newbies about the end of this bear market: are we there yet?
It's really hard to find the exact bottom of bitcoin. If you ask me I will say that 15800$ was the bottom of this bear market. For bitcoin to go to lower than this, there needs to be a very bad event like ftx crash or Luna crash. I am not seeing that this bad event can't happen, anything can happen but we can't anticipate that such a bad event will surely come.
However, if bitcoin can really go under 10k or 9k I will be ready to load my bags again.
Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:
Ouch, bbc. Heh.
So I don't think someone bought your account or posted on your behalf but when you make a habit of commentary on the news, you end up making contradictory statements every now and then. Think even I find myself guilty of that.
Perhaps time to leave them corporate personalities to themselves and not give them so much exposure? Particularly if you think they aren't intelligent...
It appears someone did not get the joke or does not see how Michael Saylor is presently a running joke in the cryptospace. However whether it is a joke or not, Saylor has always made the wrong decisions after 2020.
For people who think like you, Saylor is certainly a joke in every sense, because a man invests in Bitcoin even at a time when most others are selling, because like every time we are in the middle of a bear market, pessimism is at its highest level, and tombstones for Bitcoin spring up like mushrooms after the rain. Maybe it's good to expose yourself to the end, in other words all the people (including Saylor) have been wrong for the last 2 years because they invested in Bitcoin.
Also on Sam Bankrupt-Fried, I reckon I was also the first person to speculate that FTX was going to bite the dust. I speculated him to be the next king in the cryptospace after Changpeng Zhao. I never considered him to be the most intelligent.
Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:
I think Sam Bankman-Fried is one of the most intelligent founders in the cryptospace, however, I am starting to be more skeptical about his agenda. In the article, he mentioned that bitcoin may have a future as an asset, a commodity or a store of value. I am scratching my head on what he might be implying in his statement. Is he telling us that bitcoin will not forever be no.1 in market capitalization?
arm these shields boys!
If we'd base on the past Bitcoin's price movement, we should be ready to wait for a year without any continuous upward movement on its price. As far as I remember, the moment Bitcoin and other cryptos reached its peak price way back 2017-2018, the market was a bit stagnant for more than a year. And if we would reflect that market behavior at the present, the downfall has just started on the last quarter of 2022. The next Bitcoin halving on the other hand would be on 2024. Thus, if we qould compare maket behaviors of the two mentioned years, ans if same thing would happen, patience will really be required in order to avoid mistakes as committed by investors before by selling too early without hopes of recovery.
Saylor has always made the wrong decisions after 2020.
What type of decisions? Meanwhile, we all btc holders have made a wrong decision too if we havent sold anything since last year hoping for a rally which never came. 
Buying decisions. After most of Microstrategy's announcements that they have bought bitcoin, the price has fallen. These types of decisions are expected for us because we are the stupid money. Michael Saylor is the smart money.
Also, @Lucius argued jokingly that Michael Saylor should have invested in Defi, NFT and different types of shitcoins instead of bitcoin to have a better return on his investment. It appears that @Lucius might be correct. I found something. I will create another thread and avoid this one to be offtopic.
Saylor has always made the wrong decisions after 2020.
What type of decisions? Meanwhile, we all btc holders have made a wrong decision too if we havent sold anything since last year hoping for a rally which never came. I never considered him to be the most intelligent
He was intelligent but just in the wrong direction unfortunately.Btw, your img is not loading, invalid error by forum's proxy server?!
If we use Michael Saylor as a market indicator, it appears @ImThour's 50% dump might become true hehehehe. After every purchase of bitcoin Saylor has made after 2020, the price has always fallen down after. I have never witnessed someone who is supposed to belong to a group of people called smart money to have made this much wrong investment decisions.
Why would anyone use such a meaningless indicator to try to estimate in which direction the market will move? Until recently, you considered Bankman to be one of the most intelligent people in the world of cryptocurrencies (need I quote you again?), and now you think that Saylor was wrong (and still is) in his investments when it comes to Bitcoin? Maybe he should have invested in NTF, DeFi or various shitcoins, so today he would have solved all his worries because he would have lost all the money he invested...
A smart person who also has money for investments invests for the long term, so what seems wrong to you today will probably turn out to be a very profitable investment in 1-2 years.
It appears someone did not get the joke or does not see how Michael Saylor is presently a running joke in the cryptospace. However whether it is a joke or not, Saylor has always made the wrong decisions after 2020.
Also on Sam Bankrupt-Fried, I reckon I was also the first person to speculate that FTX was going to bite the dust. I speculated him to be the next king in the cryptospace after Changpeng Zhao. I never considered him to be the most intelligent.
Could also just go off the 50 day average which has roughly herded the BTC price action downwards quite consistently. We do need to fight and confirm each level of support numerous times, I think it becomes increasingly likely we find a bottom as we explore these prices. I'll stick to what I said in the spring, I think 2019 peak prices is probably very close to where the low is found and it could just be a case of minutes its down there not sure but mostly I think we are in the right area and I'm not that worried after we already sold off this much.
RSI or whatever indicator, we have multiple fights just momentum leading us down for so long it has to turn all that inertia around now. Dont go too much off analogues, we arent 2018 the world is different, BTC is different and Dollar itself is not the same at all. history is just an example of what can happen, I dont take it exactly.
True. We had a different sentiment ... a special one that might happen once in a century , can't really compare that to any other years in the past. We could get the bottom pretty soon and bounce a little bit back to $20k and then get the price down halved even more lower to below $10k if there is more sentiment in the macro economics such as the recession pressure etc.RSI or whatever indicator, we have multiple fights just momentum leading us down for so long it has to turn all that inertia around now. Dont go too much off analogues, we arent 2018 the world is different, BTC is different and Dollar itself is not the same at all. history is just an example of what can happen, I dont take it exactly.
Stay balancing the cash and the crypto portofolio for now.
If i should do ask, why does Bitcoin price continue that get down, is that the market is not supportive tye way I'm seeing, because i believe that Bitcoin price what causes the determination of the price it's because of the people who buy and sell Bitcoin, so therefore i will say that Bitcoin lack more investors that makes the the movement of the price continue to fall, and sometimes the price go down because of negative information that passes by.
There’s no strong buyer at the moment and probably many are still waiting for Bitcoin to dump again and I think in the first quarter of 2023, we might still see the bear trend with Bitcoin. Negative news are still here preventing the market from rising, though many are now optimistic about the trend this new year and we should also believe on that. Bitcoin can rise again if it gets enough volume to pump, we need more patience for this. If i should do ask, why does Bitcoin price continue that get down, is that the market is not supportive tye way I'm seeing, because i believe that Bitcoin price what causes the determination of the price it's because of the people who buy and sell Bitcoin, so therefore i will say that Bitcoin lack more investors that makes the the movement of the price continue to fall, and sometimes the price go down because of negative information that passes by.
Yes, you are right, it does happen in the past where most people expect or believing what the News said that Bitcoin would go/drop to zero that's why there's a sudden crash of the market. It's the people that will make the Bitcoin price to move but if this analysis of OP were going to be expected it's kinda difficult to say so since it's just a speculation but most people from the past really learned their lesson so it might not follow of what OP's been expecting IMO.Besides, most speculation believe that $10k was the best support or it won't even touch that price to see the very bottom although, we are almost there if you come to think about it but the $16k support is kind of strong to still hold this long.
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