Bitcoin "Freefall"

[Sprout]

I live in Europe so surely not a ex floor trader. I daytrade since the mid 90's. First forex, and later futures. I was CTA and had my own fund with EU clients. AS long as there were no futures to trade BTC, ES was much more profitable and even now I make more money then I can make in BTC. So why change a winning strategy for a new unknown one. Especially as I see BTC as a scam. Each trader should choose for his own what to trade.
That fact that you thought I was an ex floortrader confirms that my english is not so bad as some people say.

I still don't understand why 52% of all BTC addresses have less than $50(0.001 BTC) of value. And another 25% are below $500. These two together represent over 76% of all addresses. These 76% will never invest a lot of money in BTC, so that is a problem for the growth of BTC as these 76% are needed to be manipulated so that they will buy more. These 76% just wanted to gamble with small money, that's very clear.
If trade/holding BTC is so good all these addresses should have a much higher value. Over 20 million addresses represent in total 0.02% of the total value of BTC. Or are these addresses a result of a safety measure from people who want to protect their money by splitting it on several addresses? Like 0.0001 BTC in every address? i would understandit for people who have a few hundred coins, but do this when ypour total investment is less than $50.

Maybe it's easier to visualize from a different perspective;

https://www.blockchaincenter.net/bitcoin-supply/

 

[johnarb]

Do you guys think BTC will reach $40,000 this week?

Why so bearish?

Wolf of All Street says support is $42K if it breaks, $38Ksh...


We're looking for BTC to get above $53K, then continue to go above $61K, and hope to go above $75K before eoy

$100K/BTC is not looking good before eoy but could happen before April, 2022

Make money on the upside, stop focusing on the downside. Doom and gloom are for miserable people

 

[nooby_mcnoob]

current price (47K) -> 53K -> 30K -> 45K -> 20K assuming there is no macro change.

 

[Ed48]

Explain to me how an 80% drop is not a crash but a 75% drop is.

For BTC, an 80% drawdown is a normal occurrence.

For the Nasdaq, 75% was exceptional. 2000-02 is the only time it's happened in its 50-year history.
https://www.macrotrends.net/1320/nasdaq-historical-chart

For BTC, a comparable statistical outlier might be a drop of 95% eg. $68k -> $4k

 

[virtusa]

Maybe it's easier to visualize from a different perspective;

https://www.blockchaincenter.net/bitcoin-supply/

You can visualize it as you which, but you cannot change the fact that:

• 52% of all addresses have less than $50 value
• 76% of all addresses have less than $500 value

Using nice colors and trying to make the presentation as complex as possible trying to gain credibility by impressing people will not change the facts. The more complex the story to proof somethin,g the higher the probability that the story is created to hide reality, not to proof reality.
You started from the result you want to have and worked backwards to adapt the story to the wanted result. All lawyers and good salesmen do that. Manipulate the truth to get to the wanted result.

Why are 20 million addresses smaller than $500 if BTC will make all people who have BTC rich?

Watching from another perspective will not change the real numbers that I post. These numbers stay what they are. Even with your presentation that does not show how the coins are distributed over all the owners. If you would use the value per address for your presentation would look more like this:

 

[Nine_Ender]

Why so bearish?

Wolf of All Street says support is $42K if it breaks, $38Ksh...


We're looking for BTC to get above $53K, then continue to go above $61K, and hope to go above $75K before eoy

$100K/BTC is not looking good before eoy but could happen before April, 2022

Make money on the upside, stop focusing on the downside. Doom and gloom are for miserable people

Because if broader markets correct it's highly speculative assets that will drop the most as younger holders/traders have surprise liquidity issues. You can see it already in dozens of IT names if a stock goes down every single day some people will bail.

 

[Ed48]

Why it might not be wise to put your entire life savings in BTC.

Drawdown....BTC.............................Stock market
10%..............noise............................pullback
20%..............several times a year.......rare (considered bear market territory)
50%..............once a year...................very rare (1972/4, 2008/9 GFC)
75%..............every couple of years......extremely rare (2000/2 dotcom)
90%..............???...............................once in a blue moon (1929 Wall St crash)
100%............

 

[SunTrader]

For BTC, an 80% drawdown is a normal occurrence.

For the Nasdaq, 75% was exceptional. 2000-02 is the only time it's happened in its 50-year history.
https://www.macrotrends.net/1320/nasdaq-historical-chart

For BTC, a comparable statistical outlier might be a drop of 95% eg. $68k -> $4k

Try again.

What Is a Stock Market Crash?
A stock market crash is a rapid and often unanticipated drop in stock prices. A stock market crash can be a side effect of a major catastrophic event, economic crisis, or the collapse of a long-term speculative bubble. Reactionary public panic about a stock market crash can also be a major contributor to it, inducing panic selling that depresses prices even further.


Famous stock market crashes ........ include those during the 1929 Great Depression, Black Monday of 1987, the 2001 dotcom bubble burst, the 2008 financial crisis, and during the 2020 COVID-19 pandemic.

 

[johnarb]

For BTC, a comparable statistical outlier might be a drop of 95% eg. $68k -> $4k

Would you have the courage to buy bitcoin if it goes down 95%?

Because if broader markets correct it's highly speculative assets that will drop the most as younger holders/traders have surprise liquidity issues

"do you know that when #Bitcoin went from $17,000 to $3000 that 86% of the people that owned it at $17,000, never sold it?”:

 

[SunTrader]

.....
"do you know that when #Bitcoin went from $17,000 to $3000 that 86% of the people that owned it at $17,000, never sold it?”:

Because often a market goes down because of a lack of buyers, not an overwhelming amount of sellers or vice versa a market goes through the roof because of a lack of sellers, not an overwhelming amount of buyers.

Something the clueless sheeple naysayer know-it-alls never think of.