Topic: Bitcoin cycles, this is the cyclical minimum - page 4. (Read 603 times)

Fiat is not losing value, the market goods are just having increase with the market price as a consequence of inflation which is a reflection of world market and rach countries' economy. Ofcourse it won't go to zero unless hyperinflation occur to a particular country such as with Zimbabwe. The market value of their currency did not deop to zero that would be impossible, its market value is just low. Also, given how volatile the msrket prices of crypto, it won't be sustainable for the economy to use it as a main coin 'coz there will be no consistency with daily transactions simply because the value of crypto changes from time to time.

All in all, there is always a tendency for the price of Bitcoin to be as low as it can especially if demand will dictate it to do so. Whether it would go up or not, the demand would be the bottomline as it determines the market price of crypto.

Of course, bitcoin doesn't care about those defi and what is the latest hype, but we do somewhat correlated with the altcoin market. And every negative news will have a big impact on us, just like the terra and ftx collapse. Bitcoin doesn't have something to do with it and yet the price falls hard because of this news.

But as agree though, might as well be the mindset of bitcoin maximalist, it is the only good crypto worth to be invested. Specially in a bear market, we should take advantage of it just accumulate sats. That is the easy part, the hard part is not to be shaken when bitcoin is affected by non-bitcoin news.

While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.

Just a heads up if ever you're actually referring to FTX: FTX is not a "DeFi" exchange; it's a typical centralized exchange like the Binances and Coinbases of this very industry.

I think Bitcoin and stocks will bottom (or top) at the same time pretty much. What this cycle has taught us is that Bitcoin is a risk on asset like stocks. Many assumed it would rally when stocks go down but they were incorrect.

Either way. I agree with you. This was a brutal year. People saying capitulation will be the low? However look at what happened this entire year. Pretty sure we hit that point already.

Any thoughts given to how long the low (or close to it) has been held in the past? I think if the low is in, we'll be around it for a while before people gain confidence again - confidence in exchanges is likely depleting too (one of the biggest on ramps for crypto).

Also, based on previous times, it looks like we might be due one more drop before we start to recover well again.

Bitcoin has been a very good opportunities for people like me in a developing country. Before bitcoin was created, it was dollar we were looking to be a hedge against inflation, but no matter what, fiat is fiat, just that one is better than another. When bitcoin was created, more opportunities came as we can now just hold bitcoin. Bitcoin is at its low price now again, if bought at $16500 and some sold in 2 or 3 years from now is a very good investment and a hedge against inflation. It is exciting to buy bitcoin now and hold for long.

Forget stocks, alts, etc.? Never been farther from Bitcoiners' minds... Fact the only time I really think of anything else other than Bitcoin is when I look back with some regret on shitcoins I changed out for BTC... Never in a rally!

Agree fiat credibility keeps making all time lows but when the USD printer is smoking and still the dollar enjoying ATHs against major fiat, gotta accept fiat's death knell probably happening past our lifetimes... Doesn't matter. Bitcoin needs a strong dollar when we get to 100k

I agree with you on the fact that the most suitable investment option right now is bitcoin, this is very important in the sense that Bitcoin is listed as a volatile anti inflationary asset that the laws and policies of third parties do not have any effect on the outcome of its value at whatever point, on like altcoins that are centralized and highly controlled in form of CBDC and other in it category.
Bitcoin's decentralized nature gave it the upper hand against other stocks and Bitcoin is placed in the category of some other stable long-term assets such as Gold and silver as you mentioned in the ops.

I've been waving my hands around in the air, chanting, gazing at tea leaves and looking in a crystal ball AND drawing lines on charts

My prediction, good times ahead for bitcoin bulls

Lets be real. bitcoin is deflationary. Most the coin supply is already distributed. Central bankers and globalists are shamelessly using their control of fiat for all kinds of evil. But at the same time they are ruining the credibility of their bits of paper. And inflating it until its value hits zero. They know they are on their last fumes in the tank.  They will try to push CDBC on us. Don't let this happen. Bitcoin is for the people. Can't be censored. Keep your private keys in your control. HODL

Bitcoins dont give a shit about some DeFI centralised exchange going under. Seen  it all before, many times.

Heres the chart






We are bang on the low. Forget stock market correlation. Forget alt coins. Forget stocks and shares.

Buy bitcoin (and gold and silver)

Hold on tight

edit: My opinions though generally pretty good can be wrong. Your own trades or investments are your own risk.

Update: Thanks for the comments on this thread, they are much appreciated. I think I'll try and keep it alive and monitor the progress of my idea that this is the  cyclical minimum. I'll be looking at the market from a technical perspective based on long term trends.