It’s obvious that bitcoin is getting impacted by the markets and the recession lovers right now who would see recession and high interest rates with high unemployment as the only way to prevent inflation to stop.
I am not saying it is not going to work, but there are better methods such as preventing more money printing, and promoting investment which would cause the world to invest and that money would be gone and only return as bigger returns as investment profits, and that could be done by government by giving benefits to people who offer more jobs, you have money? great, hire more people and government will give huge tax breaks. So as long as we have these governments, it is not going to go well for any of us.
Topic: Crypto Crash Incoming? - page 4. (Read 638 times)
We've already crashed isn't it? all time high of $69k and then seeing the floor price at $17,500. So that's about it this bearish cycle as I don't see the price go lower than that.
For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.
For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.
If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.
For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.
Yes, those who are experienced, know that bitcoin is not dead and will never be dead however here the OP is searching for the ultimate low for this bear market. To be true, no one can exactly time the bottom but the bottom can be very near. I am not sure if 17,000$ was the bottom because the market can still move further down on any news or political situation especially according to the Russian war.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.
If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.
For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.
We must distinguish between what happens to Bitcoin and the rest of the cryptocurrencies, most cryptocurrencies (especially those with low market volumes) tend to behave unpredictably and therefore you cannot determine a specific price trend, but pumping and unloading is the prevailing and the simplest reasons.
Most cryptocurrencies with large market capacities follow Bitcoin.
Bitcoin at the current stage is a trend, and it is either that the bottom for the coming years will be 17 thousand or we will witness a new bottom.
Most cryptocurrencies with large market capacities follow Bitcoin.
Bitcoin at the current stage is a trend, and it is either that the bottom for the coming years will be 17 thousand or we will witness a new bottom.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.
If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.
Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground,
Same we've seen at the bitcoin ATH. Bitcoin stopped growing reaching ATH at 69k in Nov 2021, where the dump started (damn its almost a year ago ... seams like yesterday). While stocks (SP500) were growing for next 2 months untill Jan 2022. Same can be seen at bitcoin bottom. That bitcoin will stop dropping and start climbing 2 months before SP500 bottom.
Its possible that we've seen the bottom but I would not agree with this:
I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan
Breaking current support at around 18k is bearish enough event to push price down to 15k and lower. Its getting weaker and weaker every time we hit it.
Nukes send by russia is bearish enough event
Tether attack, if succeded, is bearish enough event
Didn't understand you a bit. You write that bitcoin is 16000, but at the moment it is 19000 and it has not fallen that much. As for whether it will be even less, it is possible, but I think not much. For some reason, analysts predict a fall even below 10,000 in the coming years, but I don’t believe in this and, in my humble opinion, this will not happen. And this is not a collapse but a correction.
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I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.
Exactly, last March 2020 crashed the whole market, not only the cryptocurrency market was a sign because after that, we saw a huge rally on market and we saw multiple all-time-highs.I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.
So for me, what we are experiencing right now is some pullback or correction for the last bull run we experienced.
Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground, it's good to see that the bifurcation that tore apart the equity market took a dump right and the pay 500 also saw its worst drop in not at 9.3 percent this month if this is the worst drop since March 2020 you know when the government shut down the entire Globe.
so look at what Bitcoin said it's held it's June Lowe's.
I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.
so look at what Bitcoin said it's held it's June Lowe's.
I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.
keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.
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