I now own 1/4 of a bitcoin at an average of roughly $41k. Small fries compared to you early investors but I feel confident with my position. Even if a bear market does happen and it takes a few years to come back this will set me up nicely in the future. [Reply]
Really hoping the fear and panic continue. BTC dropping between 20 to 30k would be very very ideal. Buy that bitch up and set yourself up in the next 5 years. [Reply]
Originally Posted by KCrockaholic:
Is this now a bear market or what? I'm not seeing any consistency at all lately
It’s not a bear market yet if you look at the pattern in 2013 and 2017. The trajectory still has a ways to go. It will be $70k+ this year. It will go to $100k before it “lies low” at around 75k until 2023. [Reply]
Originally Posted by Michelangelo:
It’s not a bear market yet if you look at the pattern in 2013 and 2017. The trajectory still has a ways to go. It will be $70k+ this year. It will go to $100k before it “lies low” at around 75k until 2023.
We’ll have none of that in this thread, this is for FUD and Safemoon talk only! [Reply]
Originally Posted by Michelangelo:
It’s not a bear market yet if you look at the pattern in 2013 and 2017. The trajectory still has a ways to go. It will be $70k+ this year. It will go to $100k before it “lies low” at around 75k until 2023.
Exactly right. Historically, after a halving Bitcoin puts in a top in November or December in the year following the year the halving happens. That would be this coming November or December, and based on historical trajectory that top should be somewhere around $95k-$115k. Then bear market pullback to around the $60k-$80k area, like you mentioned. [Reply]
I know a lot of people claim you can't chart this thing technically, but if you back out a ways that chart is about to get damn ugly without the rebound before the continued correction. [Reply]