The bottom is confirmed

>Generally you'd wait for a confirmation of uptrend and buy in, generally you'd wait for a confirmation of downtrend and sell.
No, these retards are supposed to recognize tops and bottoms, thats the whole point of TA, that's why they are all day drawing memelines. If you can't even do that just might aswel kys.

Yes, I'm familiar with Bitcoin. And no there's no necessary math involved just like you can't mathmetically say its worth 20k or 15k.

4.5k is technically the most logical bottom after the crash, just be patient because once it hits that price target, this whole cyclus comes to an end. And we will see slow organic growth based on Bitcoins actuall Network Value, that means

1. A large user base
2. People that use it and not hold it to sell of like a ponzi scheme.

I think BTC is amazing, but right now its nothing but speculation. Nobody uses it.

Deflationary payment systems don't work, you need light inflation and I personally think thats the only flaw of Satoshi, he should have invented a mechanism in which BTC mathmetically inflates very small percentages so people will use it instead of sit on it.

...

saved

Nice trips
You should add a graph crashing on the background

you are wrong about everything and didn't supply me with a mathematical reason for 4.5k.

You can have commodities that are deflationary

>what is gold
>what is real estate

Brainlet. $6000 was the mean. There is a 2000 BTC buy wall at $9700, so it's the absolute bottom.
We bounced off the downtrend resistance, we are about to go up and test it again.

>There is a 2000 BTC buy wall at $9700
how new are you?

you're retarded to think that it has any more upside at this point
it's no longer attractive at this valuation; if it were, there would by no resistance to speak of

>no arguments
Ok, brainlet