Bitcoin Price Thread

[johnarb]

Move your yardstick 3 months in either direction and back to ~100% returns to date

I do not understand why the others are overthinking something that is very simple, 3 green years for bitcoin and 1 red year

Blackrock used this well known Bitcoin price pattern on their pitchdeck to investors

green-green-green-red

hint to everyone: Bitcoin is on the beginning of the 2nd year of the bull market

 

[semperfrosty]

Move your yardstick 3 months in either direction and back to ~100% returns to date

Also,the customary yardstick in trading and investing is trough to peak.

 

[Magna]

Hard to take Peter Brandt seriously. He's a pretty smart fellow and if he actually believed his thesis (ie, that Bitcoin has topped) then I sincerely doubt it would remain one of his largest investment positions. More like making a provocative statement to stir things up, get some clicks on his website, and ─ dare I say it ─ pass the time during this typical post-halving consolidation.

 

[orbit23]

Hard to take Peter Brandt seriously. He's a pretty smart fellow and if he actually believed his thesis (ie, that Bitcoin has topped) then I sincerely doubt it would remain one of his largest investment positions. More like making a provocative statement to stir things up, get some clicks on his website, and ─ dare I say it ─ pass the time during this typical post-halving consolidation.

his rational analysis has come to conclusion that the market has topped, while his greed(just like everyone else's) will lead to demise as bitcoin crashes into the abyss.

 

[themickey]

Hard to .....

Good to see you back

 

[NoahA]

his rational analysis has come to conclusion that the market has topped, while his greed(just like everyone else's) will lead to demise as bitcoin crashes into the abyss.

So out of curiosity, does this mean that there will never be another high again? Is this finally the time that it dies and dies for good? And what if we do break above 73k again? Will you call for another crash into the abyss? It just seem to me like if this thing was gonna die, it should have done so a few cycles ago. How many more cycles of it making new highs will it take before your theory crashes into the abyss? You can't just keep calling for a crash if over the years it keeps making new highs.

 

[cryptoalerts]

Bitcoin may face further selling pressure as the Fed prepares to keep interest rates steady amid economic concerns, including inflation and GDP slowdown. The crypto market is already under strain, I think we could see continued volatility

 

[Ed48]

It kinda makes sense to me that each successive bull market delivers a lower return. After all, it takes a lot more money to move Bitcoin at $50k ($1tn market cap) than $5k ($100bn).

But no-one can predict the market, no matter how fancy the analysis. Not even @johnarb

 

[orbit23]

So out of curiosity, does this mean that there will never be another high again? Is this finally the time that it dies and dies for good? And what if we do break above 73k again? Will you call for another crash into the abyss? It just seem to me like if this thing was gonna die, it should have done so a few cycles ago. How many more cycles of it making new highs will it take before your theory crashes into the abyss? You can't just keep calling for a crash if over the years it keeps making new highs.

I agree that it is extremely surprising how it keeps coming back every time.

But then you look at the circulating supply of Tethers and it all makes sense. they printed 100B in 3 years to keep the market afloat.

Once Tether is taken care of (either shut down, or proven to be legit), once stock market is in a recession... then we will be able to re-asses the situation and see whether Bitcoin is ready for new highs or if it's going to fade into irrelevancy.

Until then, there is too much risk and this risk is almost certain to crush Bitcoins price.


Chinese were the biggest miners of Bitcoin, but they banned cryptos. Russia is currently one of the biggest miners as well and they are allegedly seeking to ban cryptos.

They know it's a scam and want to protect their citizens, whereas the westerns corrupt regulators are happy to feed the moms and pops as exit liquidity.

Russia prepares for total crypto ban as geopolitical tensions rise - Crypto Briefing

 

[johnarb]

It kinda makes sense to me that each successive bull market delivers a lower return. After all, it takes a lot more money to move Bitcoin at $50k ($1tn market cap) than $5k ($100bn).

But no-one can predict the market, no matter how fancy the analysis. Not even @johnarb

There are only 3 things certain in this life, death, taxes, and bitcoin price going up forever

My prediction is that bitcoin price will go over $250,000/btc with 99.99% probability within 2 years