[ChuckyTheGoat]

People seem to have amnesia when it comes to crypto.

2013 Bubble
BTC High: $1200
BTC Low: $170

2017 Bubble
BTC High: $20,000
BTC Low: $3,200

2021 Bubble
BTC High: $64,000
BTC Low: ???

Good chart. But I'd question the TIMING of the High/Low in the cycle.

IE, I think MOST would say that the peak would hit later in the 2021 Calendar Year. And the decline might come after 1st of the year, into 2022.

[pimike]

Good chart. But I'd question the TIMING of the High/Low in the cycle.

IE, I think MOST would say that the peak would hit later in the 2021 Calendar Year. And the decline might come after 1st of the year, into 2022.

Those expecting it to go higher this year are on a set back. The fact it went under 30 tells me it will not do well for many months.

[d2bets]

Good chart. But I'd question the TIMING of the High/Low in the cycle.

IE, I think MOST would say that the peak would hit later in the 2021 Calendar Year. And the decline might come after 1st of the year, into 2022.

Based on the correction levels, should bottom around 10-12k?

[MrSink]

btc 100k this year . it will grow just after people will forget about btc and they would return in 50-60k range again

[navyblue81]

btc 100k this year . it will grow just after people will forget about btc and they would return in 50-60k range again

Itll go higher than that. It just has to get past this horrible news cycle, and like you said, hopefully people will forget about BTC and it can silently rise again. Nice bounce back in the last hour.

[ChuckyTheGoat]

Those expecting it to go higher this year are on a set back. The fact it went under 30 tells me it will not do well for many months.

PI, that might be a linear world view. Check back w/ me on 12/31/2021. Things change, things happen.

Someone smarter than me might have these things figured out. Wish I was smarter. Very hard to see things going fwd.

[stake1]

btc 100k this year . it will grow just after people will forget about btc and they would return in 50-60k range again

Agree. It is a volatile market, effected by many things. Not for someone, who cannot afford the deep negative slope runs. It will rise again

[pimike]

PI, that might be a linear world view. Check back w/ me on 12/31/2021. Things change, things happen.

Someone smarter than me might have these things figured out. Wish I was smarter. Very hard to see things going fwd.

I’m holding. Honestly now scared to load more.

Debating on holding cash or adding to bitcoin as I originally said.

[navyblue81]

ADA literally just went from $1 to $1.20 in an hour. Just shows how fast these can fly back up. Damn I was gonna sell too at $1 and wait for it to hit lower. Glad I didn’t.

[ChuckyTheGoat]

I’m holding. Honestly now scared to load more.

Debating on holding cash or adding to bitcoin as I originally said.

Since your last post, BTC went +8%. Crazy. Very hard (maybe impossible) to predict.

[ChuckyTheGoat]

ADA literally just went from $1 to $1.20 in an hour. Just shows how fast these can fly back up. Damn I was gonna sell too at $1 and wait for it to hit lower. Glad I didn’t.

Exactly. It's crazy. If u blink, it's gone.

[MickeyMan]

btc 100k this year . it will grow just after people will forget about btc and they would return in 50-60k range again

The same people panic selling now will be buying back in when it’s nearing 100,000

[shadymcgrady]

I'm still waiting for btc to hit $0.37 like puffy nipples Mike predicted

[navyblue81]

I'm still waiting for btc to hit $0.37 like puffy nipples Mike predicted

That guy is a fukkin idiot

[ChuckyTheGoat]

I’m holding. Honestly now scared to load more.

Debating on holding cash or adding to bitcoin as I originally said.

PI, here's the question:

*If u don't like Crypto-coins, ok. Where do u choose to hold your $$?

It's an important question. One that's not easily answered.

[pimike]

PI, here's the question:

*If u don't like Crypto-coins, ok. Where do u choose to hold your $$?

It's an important question. One that's not easily answered.

Under my mattress

[biggie12]

i got in this morning. bought 1 BTC @ 30,115$ bought 88 BNB at @$264

[KVB]

Under my mattress

That is a very bad idea right now.

Inflation will bury you. You have to safely invest to at least earn something on that money.

Seriously, we all need to take stock and the current environment and make some inflation trades.

Chucky what's the best inflation trade right now?

[KVB]

i got in this morning. bought 1 BTC @ 30,115$ bought 88 BNB at @$264

nice biggie, buy on the dips, it's fun when it goes on sale.

[biggie12]

nice biggie, buy on the dips, it's fun when it goes on sale.

BNB is king. back to $400 soon. then off to $700 ....1000

[pimike]

That is a very bad idea right now.

Inflation will bury you. You have to safely invest to at least earn something on that money.

Seriously, we all need to take stock and the current environment and make some inflation trades.

Chucky what's the best inflation trade right now?

[ChuckyTheGoat]

Chucky what's the best inflation trade right now?

*K, that's a very good question. My opinion has been shite of late. My confidence is shot. I'm probably not the guy w/ a great answer right now.

[asiagambler]

nice biggie, buy on the dips, it's fun when it goes on sale.

[KVB]

[ace7550]

Wish I was smarter.

Dude, you own crypto. Just that makes you smarter than 95% of people.

[ace7550]

So the trend is it will fall to under 10k then according to this.

I'm hoping more like 15k-20k will be the bottom but it could go to 10. Interesting that the low after the 2017 bubble was still almost triple what the 2013 bubble topped out at. Makes me think the low after our current bubble may not be as bad as some think.
At this point there's just one question: Did we top out at 64k or is this just a big lull and we'll see new highs this year?
Your guess is as good as mine. Crypto is crazy.

[DwightShrute]

Chinese banks promise to step up cryptocurrency ban

BEIJING -- China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.

https://abcnews.go.com/Business/wire...y-ban-78398255

[asiagambler]

I'm hoping more like 15k-20k will be the bottom but it could go to 10. Interesting that the low after the 2017 bubble was still almost triple what the 2013 bubble topped out at. Makes me think the low after our current bubble may not be as bad as some think.
At this point there's just one question: Did we top out at 64k or is this just a big lull and we'll see new highs this year?
Your guess is as good as mine. Crypto is crazy.

So you think btc goes down to 10k but you think it's smart to own crypto right now ???

[asiagambler]

Chinese banks promise to step up cryptocurrency ban

BEIJING -- China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.

https://abcnews.go.com/Business/wire...y-ban-78398255

They're really going full throttle pushing their digital yuan

[raiders72001]

They're really going full throttle pushing their digital yuan

Agree. They want the yuan or digital yuan to be the world currency. China is currently messing with miners but not the exchanges. China will create short term movements with current news but long term, China alone cannot stop bitcoin or other cryptos. Miners in other countries will fill the void.

[DwightShrute]

They're really going full throttle pushing their digital yuan

best to learn to speak some Chinese.

[KVB]

best to learn to speak some Chinese.

Growing up in California it was always "best to learn spanish"

Now it might be chinese.

[ChuckyTheGoat]

Dude, you own crypto. Just that makes you smarter than 95% of people.

Thanks, ace. Yes, I feel good w/ my position.

When I FRIST read your post...I thought u meant "you OWN crypto." As if I was a laser-eyed demigod.

[ChuckyTheGoat]

If China sticks to that ban...I think they'll have a lot of people moving out of the country.

[raiders72001]

The price of everything is supply and demand. After a halving, the creation of bitcoins is cut in half and miner's rewards are cut in half. A bull run always occurs after halving. Many have been profitable using the same tools that they use in the stock market. Personally, I think that everything used for the stock market should be thrown in the garbage when predicting bitcoin prices. Halving and current news create bitcoin movement.

This run didn't come close to the runs of 2013 and 2017. The price should have flown right by $60k. It looks like institutional money will change old patterns. Old patterns say that we should go under $10k. My hopes are that the bull runs and crashes won't be to the extent as they were in the past. Institutional money has changed the game and we hit the floor. This is one time that I'm unsure of what will happen. Gun to my head, we won't go under $25k ever again.