Bitcoin Price Thread

A huge bubble blew up: from $9000 to $19000 and back. Nothing but thin air.
The late comers took huge losses and the early birds make big profits selling thin air in a pump and dump system.

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Overvalued by 15% haaaaaaaaaa !!!!!


Bitcoin, already on a half-off sale, is still overvalued by 15%, cryptocurrency hedge fund manager says
  • Bitcoin still probably has to drop another 15 percent to get to its real value, BK Capital Management founder Brian Kelly says.
  • Despite bitcoin's slump and his prediction for further downside, Kelly says he would never consider betting against the cryptocurrency.
Bitcoin still probably has to drop another 15 percent or so to get to its real value in the current market environment, BK Capital Management founder Brian Kelly told CNBC on Thursday.

"The intrinsic value, the way I measure it is transactions. And I do kind of a simple regression with number of transactions and velocity. And you get an intrinsic value somewhere in the $8000s," said Kelly.
 
When bitcoin goes down, this thread is full of joy and celebration from the people who missed out... just short the bitcoin futures and at least make some money. :D
 
johnarb said:
When bitcoin goes down, this thread is full of joy and celebration from the people who missed out... just short the bitcoin futures and at least make some money. :D
More...

When bitcoin goes up, this thread is full of joy and celebration from the people who are laughing from those who missed out...

One of the famous hodlers Hoi disappeared since december.:D He lost in a few weeks half of his highest neth worth in bitcoins.

I don't believe in crypto's so I keep my hands off. No buy and no sell. Just nothing. And if later it would be clear that I was wrong it will be no problem as nobody can be right every time. I am right in a lot of other trades and they compensate largely for the missed bitcoin trade. I made more money then the average bitcoin holder over the last years.
 
johnarb said:
When bitcoin goes down, this thread is full of joy and celebration from the people who missed out... just short the bitcoin futures and at least make some money. :D
More...

The same for cultists in the other direction. But let me explain human behaviour. Some people actually like when markets make sense, and a piece of shit crypto that can't even be used for payments anymore at 20K somehow just doesn't make sense. Just like Tesla close to $400 didn't make sense.

So yes, some of us like when normality returns and the stupid gets their asses handled to them.

But if you cashed out close to the top, the more power to you! Don't hold it all the way down, you are supposed to be a freaking trader, if you are on this board after all.
 
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