Originally Posted by Hog's Gone Fishin:
And in 6 months when this is 90K everybody will be wishing they bought at 20K.
Same story over and over.
Somehow it is until it isn't and the trick is realizing when the paradigm has changed.
Spoiler: it's changed.
NB: it doesn't mean BTC can't go up, but it does mean the strategy of blindly buying dips no matter what and where is much lower risk/reward (or "Sharpe" in market parlance). [Reply]
The last major crash went from 20k down to like 4k. Rough numbers, not exact.
That shows it lost roughly 80% of its value.
If a similar type fall happens from its peak of approx 65k, that means the bottom would happen at 13k, but this is a horrible economy…I’m not sure there are retail investors in numbers to help it bounce from even that level.
I’m watching from the sidelines and will likely buy a full bitcoin at 5k if it gets there as well as 10 ethereum at the price at that point, again…if it gets there. [Reply]
Originally Posted by BossChief:
The last major crash went from 20k down to like 4k. Rough numbers, not exact.
That shows it lost roughly 80% of its value.
If a similar type fall happens from its peak of approx 65k, that means the bottom would happen at 13k, but this is a horrible economy…I’m not sure there are retail investors in numbers to help it bounce from even that level.
I’m watching from the sidelines and will likely buy a full bitcoin at 5k if it gets there as well as 10 ethereum at the price at that point, again…if it gets there.
I have 11 million Dogecoin I will see ya- cheap!! [Reply]
no matter how speculative you find btc there is one thing you can always guarantee with it - an insanely high roi after the halving... so roughly 2024.
if you have the stomach for it, it is definitely worth a very slow and methodical dca for a healthy return in the future. [Reply]
Originally Posted by BossChief:
If a similar type fall happens from its peak of approx 65k, that means the bottom would happen at 13k, but this is a horrible economy…I’m not sure there are retail investors in numbers to help it bounce from even that level.
There aren't. This thing isn't going to pop again until retail completely capitulates, and institutions DCA their way in to the bottom - whatever that may be. $1K - $3.5k is my best guess. They're going to knock the legs out from underneath it by going after the stable coins and exchanges. Exchanges will be scared off from selling ICO coin "securities."
