Bitcoin has topped.

[Pekelo]

to diversify my trading out of BNB coinsand my btc bag was way too heavy,

Smart. Although when the whole market collapses, so will the egg bucket.

 

[maxinger]

See ya. Not a trade call, just my personal view based on what I am seeing in the chart as well as disbelief in the whole concept as it is currently.

https://www.independent.co.uk/life-...coin-crash-tesla-cryptocurrency-b1846650.html

You win again!

 

[virtusa]

The previous time BTC made an ATH (end of 2017), it took BTC 3 years to recover from the drop after that ATH. We might see the same again.
Since begin 2012 BTC went up average 0.31713% per day. A good daytrader can beat that hands down with less risk and much smaller drawdowns.

BTC down 30% since ATH in 6 weeks.

 

[virtusa]

In light of this thread calling the BTC top, I just bought more BTC today.

So around $ 51,000...
Down double digit today

 

[virtusa]

This part has been stolen from the store of value

View attachment 258832

second steal from the store of value

 

[Master Pu]

So around $ 51,000...
Down double digit today

Baron clearly went with ET's failing top call rate.

 

[Master Pu]

lmao

This really needed a response you would be able to relate to

 

[Cuddles]

This really needed a response you would be able to relate to

 

[Master Pu]

If I am wrong I am sure I will hear it down the road, but it's my belief that BTCUSD will not see 65K for at least three years, if it's not already formed a top. The emergence of DeFi is analogous to the 2000s internet and telecom dereg boom. The tops are seen within a year of the emergence of the tech; not the utility (internet of things).

Thanks for your input & welcome to the BTC downthread.

 

[virtusa]

Market cap of BTC shrunk $370 Billion. Somebody has to absorb that loss.

Translation: all bitcoin holders together lost $370 Billion since ATH.

To go from this level to ATH it took 64 days. Back down to that level took only 33 days. Not really a proof of strenght.