Bitcoin "Freefall"

[Pekelo]

It looks like it is going to break below 29K for good. I say 27K in 2 days and below...

 

[Pekelo]

$6k is fantasy land. the price would be about $8k.

6K, 8K, same difference. Both are 80-85% down from the ATH. As long as it is fairly stable and stays in a relatively narrow strange, it is a loser, even if it is the 15K-20K range.

Gamblers will finally realize that it is just a tech stock and move on... May I interest you guys a volatility future on an option of an NFT?

 

[nitrene]

Seems like BTC has become decoupled even from QQQ. ETH down 6% on a day Nasdaq was flying? Something is wrong here.

 

[nooby_mcnoob]

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

Can I please get internet points for this.

 

[nooby_mcnoob]

Not my content

 

[Baron]

Can I please get internet points for this.

I'll give you some points for that call.

 

[newwurldmn]

https://bitcoinist.com/how-many-people-actually-have-at-least-1-bitcoin/
Only About 2% of Addresses Hold 1 Bitcoin or More

So 98% of all bitcoin addresses did not take the ride up, because if they would have done that they would surely have more than 1 BTC today as BTC rose thousands of %.

You could say that 1 holder can have more than 1 address. But what’s the use of having a lot of addresses with less than 1 BTC in each address? Makes no sense. So it is clear that even less than 2% might have taken the whole ride from close to zero till the actual price.


https://bitcoinmagazine.com/culture/bitcoin-ownership-tripled-gallup-survey

Three times more Americans are holding bitcoin than three years ago, a recent Gallup survey found.
So 66% of all these people didn’t even had any crypto before 2018. These 66% did already not have the big profits from almost zero to the top.


On Twitter the graph started at 2010.

If you take the 5,000 biggest addresses, you see the following:
· 0.88% of all wallets existed at that moment.
· These 0.88% addresses represent 0.06% of all coins.
· 99.12% of all wallets did NOT exist at that moment, so almost everybody missed the assumed big ride from 2010 till today.

That’s how I know it.
View attachment 273478

Plus how’s Bitcoin going to be traceable at 60k unless a ton of people are buying it. Unless the whole thing is a fraud (like the art market where artist bid up their own works).

 

[newwurldmn]

It is also manipulation upwards:

https://www.cnbc.com/2019/11/04/stu...rket-manipulator-pushed-bitcoin-to-20000.html

https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

so it is like the art market.

 

[themickey]

Not my content

View attachment 286590

This is how I would draw bitcoin, roughly, I'm using a tablet with fingers, so cant draw lines accurately.

 

[nooby_mcnoob]

I'll give you some points for that call.

From you, that means a lot!