It always makes me laugh how quick people are to declare bull market over and the bitcoin bubble popped out.
Usually it comes from lack of experience and understanding of these markets combined with short term mindset.
Bitcoin will never die.Everytime it has been written off throughout the history it has come even more stronger.Hashrates are all time high, transaction volumes are at all time High and number of wallets are at all time high.Price aside bitcoin has never been as powerful it is today.
This time last year we all were popping champagne and browsing for the super yachts when bitcoin broke $40k for the first time.Now we are at same point just a year later and people are bearish?
Maybe the crazy gains we are used to seeing in the markets has given new investors unrealistic expectations but the fact is if you zoom out we have been in a bull run market for 13 years straight
From where is this quote?
That's some harsh reality which we all need to understand and calmly hold our coins because it has grown each time hard it has dumped.In 2017 it lost most of it's value touching its ATH around $19800 and after that it was below $5k also but has it not recovered then? What price levels we currently stand out at?
You are already suggesting numbers that stand out, and we are not likely in the same place.... We know where we are at, and it does not look the same as those numbers that you are providing above. We have $17k to $64,895 in late 2020 early 2021. We have a correction to $28,800.. that more or less lasted May/June/July then we have a return to $69k and a so far return to $39,559. Doesn't look the same to me as the numbers that you are providing.. at least not so far.
Here is chart which matters the most according to me :
Bottoms are nice for sure..even though I doubt that king daddy gives too many shits about calendar years... but it is still interesting to see those numbers.
See i am not too technical trader but believes in bitcoin to my possible extent and these charts don't lie which clearly indicates All time lows are also rising graphs which means it will surely reach new ATH this year.Just have faith.
I would hardly call about a 55% chance as "surely reach new ATH"... at least that is the number that I currently have assigned to it as of December 16.. and not really sure if there is any data to cause me to change my number.. especially to make it more likely than what it was on December 16... if anything that 55% may have gone down a few percentage points.. not that I am having any kind of exact measure upon what kinds of probability assignments would be more reasonable.. SOMA.. (as the phrase has been adopted) to the best of my abilities when putting fingers up to the wind.. and wondering if I am standing in the best spot for getting the best measurements or not...
Don't compare btc with your shitcoins.It has potential to recover fast.
Fuck shitcoins.. I don't know why there is any need to mention them, unless you want to discuss some kind of possible consideration of froth purgening.. whether it is likely and is it going to have any kind of hold on king daddy price dynamics. Historically we have seen both directions.. we have seen shitcoins go along with king daddy and a few times we saw the opposite... one of the reasons to love April 2019 to June 2019 so greatly..... that was a mere 3.3x.. but it was still fun when it happened.... would be a bad thing to see something like that again.. even if the context is slightly different at this time, but still could possibly be in the cards, and I can think of some scenarios that could cause it.. but don't really want to get too stuck into any kind of thoughts of shitcoins since they do tend to cause my head to hurt more than it otherwise would hurt.
If China wouldn't have pulled out its dick prematurely, we would have been there already.
Why blame China? and get distracted by thoughts that if x,y or z had not happened.. blah blah blah.. we would be at a million blah blah blah... we don't know that. Do we... and still Fuck China, fuck elon.. fuck doge coin.. and fuck ethereum and NFTs.. we should not be giving too many of shits about these things that are out there.. and King daddy is going to do what it is going to do when it is ready.. Oh by the way, we could blame futures, too.. fuck futures.. but they still exist.. whatcha gonna do about them except take them into account, wait it out, perhaps, and hope that at some point (when who knows?) some of the folks playing around with those kinds of naked short financial tools against bitcoin get their asses handed to them...
These variety of single excuses are what they are, no? Let's blame covid and the government reaction too.. right??
does bitcoin give very many shits.. tick tock, next block..every 10 minutes.. developers developing, miners mining and also increasing their hashrate to such an extent that it is going to cause the difficulty level to go up by nearly 10% (yeah 9.5%.. whatever) in the next 18 hours....
>>>>>>Latest Block: 719591 (a few seconds ago)
Current Pace: 109.6318% (1896 / 1729.42 expected, 166.58 ahead)
Previous Difficulty: 24272331996979.97
Current Difficulty: 24371874614345.62
Next Difficulty: between 26717346191291 and 26726491662849
Next Difficulty Change: between +9.6237% and +9.6612%
Previous Retarget: January 7, 2022 at 11:40 PM (+0.4101%)
Next Retarget (earliest): Tomorrow at 6:09 PM (in 0d 18h 14m 34s)
Next Retarget (latest): Tomorrow at 6:16 PM (in 0d 18h 20m 50s)
Projected Epoch Length: between 12d 18h 28m 49s and 12d 18h 35m 5s<<<<<<
https://www.bitrawr.com/difficulty-estimatorIncentives seem to be working quite well in bitcoinlandia, and these matters take time in terms of if BTC price is going to go up or down, even if they seem to be outside of the schedule that king daddy was "supposed to be" on... ideas underpinning stock to flow are not dead either.. even if King Daddy may or may not comply with it, even in the next year.. no guarantees.. whatever.....
King daddy gives no fucks about some kind of supposed schedule except tick tock the next block coming about every 10 minutes, and if it does not happen that way, then difficulty will adjust every two week (every 2016 blocks).. tick tock tick tock... .. some govt going to shut it down? Then where is it going to go? tick tock.. tick tock.. blocks are still coming out...last time I checked (though admittedly I am not a very technical person..
#nohomo)
