Is the crypto winter over?
- Thread starter schizo
- Start date
For me, we first need to break ATH and then you can look back to see where the lowest point was. Until the high breaks, I think it's technically just a rally in a bear market.
But of course, waiting for a bear market to officially be over isn't where the best entry is.
Want to point out a post where it explains when the winter is over?
I think he's saying,and I would agree,that it is a discussion and matter of opinion,no exact answer until its hindsight.
Quick glimpse of 50K today though made me pack away the toboggan! haha
I think he's saying,and I would agree,that it is a discussion and matter of opinion,no exact answer until its hindsight.
Quick glimpse of 50K today though made me pack away the toboggan! haha
A take away from this thread for me,and I see the same sentiment elsewhere online is that Bitcoiners arent afraid of a downturn.There dont seem to be many that will dump in a panic.
To the contrary,most seem to look forward to the dips to add and would add significantly in a large drop.
Exactly right. I know I'm waiting. The more it drops, the happier I will be to get a better price.
I also think that bitcoin will re-write all the technical trading rules. Every person that asks where the value is because there is no cash flow, or because there is nothing to back it up, will now have to wonder what will bring it down. Because there is no cash flow, there is no bad news. There is no quarterly report to scare investors. And without "backing", there is nothing to base a price on, so there is no way to value it. If all of these attacks were meant to bring bitcoin price down, when it really starts running, they can't use these same tactics in order to slow the ascent.
The motherfuckers are right. There is no cash flow, so there is no limit to how high it can go. If everyone wants just a little piece, I hope they think of it while its still 6 figures. Once it crosses the market cap of gold, maybe this brings in another set of buyers. When currencies start to collapse, this will convert even more holdouts. And all of this will be happening while the ETFs aren't releasing any supply, nor will Michael Saylor.
Easy answer: a new crypto will bring bitcoin down.
The winter is indeed someone’s perspective. Some miners with high costs might still call it winter. People trading the long side probably declared that winter ended last summer. Traders that go long and short live on the equator.I think he's saying,and I would agree,that it is a discussion and matter of opinion,no exact answer until its hindsight.
Quick glimpse of 50K today though made me pack away the toboggan! haha