LOL, that is going to be the longest working order, EVER. Like putting on a GTC bid on AMZN for $1. Speaking of which, wasn't today AMZN's split day? Haven't been following it.
A ‘crypto winter’ freezes hiring at Coinbase and Gemini
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LOL, that is going to be the longest working order, EVER. Like putting on a GTC bid on AMZN for $1. Speaking of which, wasn't today AMZN's split day? Haven't been following it.
One cardinal rule regarding BTC. No one, not even the worst market timer, has ever lost within a 3-year time-span.
Even the worst BTC investor, who has ONLY bought in at the very top every time he has invested, has always come out positive after any 3-year timeline.
If BTC / ETH is below this level in the next few years, it will definitely be a first. Cathy Wood is asking for a 5-year time horizon to prove her critics wrong on ARKK.
I have a lot more faith to be honest in blue-chip cryptos than I do equities with ARKK.
I wish there was a time-clock for this thread, so we can come back to it down the road and reflect back...
Even the worst BTC investor, who has ONLY bought in at the very top every time he has invested, has always come out positive after any 3-year timeline.
If BTC / ETH is below this level in the next few years, it will definitely be a first. Cathy Wood is asking for a 5-year time horizon to prove her critics wrong on ARKK.
I have a lot more faith to be honest in blue-chip cryptos than I do equities with ARKK.
I wish there was a time-clock for this thread, so we can come back to it down the road and reflect back...
So what you are saying is that anyone who bought at the BTC top of ~60K, whenever that was, will be at break even or better three years from that point. That's a bold call.
Examining history, that's not bold at all, it's a fact that has never faltered. And BTC has gone through far, far, larger draw-downs than what 2022 has done so far. Every time it happens, the perma-bears all come out of the wood-work to make statements. Then they miss all the exponential gains on the next 3-year horizon.
What I have a problem understanding is that if everybody knows that, and now that you've spilled the beans on ET everybody knows, why is the price in a down trend?
Bear market is not that bad yet and not enough time has elapsed
Everyone expects it to get much worse and the bear market to last another year or 2
Jan/2014 to 3rd Quarter/2016 from BTC price of $1,200 to a bottom price of $150
Jan/2018 to March/2020 from BTC price of $20,000 to a bottom price of $3,200 and from Eth top price of $1,200 to $85
It's just not that bad yet. We're expecting better discounts. Some altcoins lost 99%
The great Keynes had a famous quote that explained that... which runs contrary to the EMH.
I was part of this irrationality the month before the EIP 1559 update. Despite it was public knowledge the ethereum upgrade was going to happen in 30 days, ETH just kept selling off and tanking lower, lower, lower with other cryptos...
I kept loading up more and more and more, then started to wonder, why the hell is the market not turning bullish? It felt like I had outsmarted everyone. Since I'm not a Dalio or a Buffet, I wondered if I was the one missing the obvious.
Well, 24 hours AFTER the Etherem update occurred, suddenly cryptos shot up through the roof. Ok, so CNBC was touting its horn all over TV on the update (and they got it wrong, by showing the CLASSIC version of Ether), which also explained why even CLASSIC shot upward too, despite the update had nothing to do with it!
The same can be said of the Stock Market over somewhat longer time frames. Nothing magical about it, and the stock market has been around 100's of years.
So bitconners , keep hanging your hat on a small sample of BTC trading ,where there was massive manipulation, helicopter money, and millions of idiots.
All of those things are running low on GAS. pun f'ing intended
So who is manipulating the price? Seem like a penny stock pump and dump. Who is making the money besides the miners and the exchanges?
Why is 3 years the magic number? Does it take that long to come up with a new batch of greater fools?
Isn't there a concern that something new might come up and bitcoin will just become another example of a fad that cost a lot of people their hard earned cash?