JUST
JUST
Brayden Nelson
Blake Rodriguez
This is very fucking unsettling
James Green
youtube.com
BURN IT DOWN!
Jaxson Rodriguez
what is this
Lucas Wright
The future you chose.
Daniel Cox
2013 bubble burst (blue) vs current price.
Nathan Jenkins
This sounds so good. We will become early adopters again, get ready for may sale.
Jose Jenkins
ow, my soul
eerily similar.
Samuel Robinson
So by the end of May I can say we have definitely hit the bottom, yes? I can wait that long. I'm extremely patient. I just need to know.
Zachary Smith
shhhhhhhhhhhhhh
Ian Ross
>down on your knees
>get ready to receive the red dildo of kekchain
Connor Moore
Landon Ramirez
Oh good it's going to go back to my most recent buy price. Dropping these bags asap. Fuck crypto.
Jacob Lee
this is it Luigi
Cameron Sanchez
50k-100k 2020-2021. Crypto doesn't take over as the world currency until 2025+. Enough time to quantum compute and find a solution for scaling the blockchain worldwide. Decentralized exchanges will be household names. Kids will be rocking Binance shirts.
Luke Cruz
So according to this, bottoms out at around 75%. Actual figures, $1100 ATH to a bottom floor of $220, approximately 80% of ATH floor. So by those number you would expect a floor of $3900.
I dunno man. That kind of dip would probably kill the mining industry that grew around it. would be a disaster.
Grayson Cooper
>btc goes to 5k but LINK moons to $50 so I buy 2k BTC with my stack
das it mane, das it
Elijah Rodriguez
more food for thought. i don't think it will go that low either, and i also don't think we're in for a four year bear market.
but who cares what i think?
Henry White
I think we're in for a 4 year bear market in total marketcap but a few coins might go up by a lot, which can help you make money.
in the long term I like LINK, ARK, EOS, HPB, WAN, SKY I suppose
Jordan Perry
You mean the quantum computing that would make cryptographic functions irrelevant?
Nolan Powell
>2025
>Kids will be rocking Binance shirts.
It's funny how people forget that Binance has existed for 6 months only. There's no reason to believe that it will last that long.
Isaiah Russell
It was less than 4k until 6 months ago, what problems would there be besides those paying more for power having to shut down?
Jose Bennett
KEK!
Robert Campbell
I guess the miners could shut down a portion of their operations. I have no idea how profitable those mining operations were but if they were using leverage to build their business (like normal businesses) then a number of them would probably have to sell off equipment or go bankrupt.
Adrian Kelly
So you're saying the bottom will be in May and it's all uphill from then on?
Adam Fisher
It is not possible for BTC to drop below 7500 dollars.
Thomas Hughes
lol
the floor is 0.
Hudson Collins
Exactly. When price goes down, so does the hashrate. Mining becomes less profitable, so a bunch of miners run out of business. Mining will always adjust to the needs of the network and price.
Lincoln Ortiz
Months ago people used to say 'BTC never falls below the 200 DMA.' We have been below the 200 DMA for over a week now.
Christian Bennett
The big miners paid off their initial purchases long ago, as the small miners leave the difficulty will get easier / readjust
Charles Gutierrez
The one thing I don't get is how we could follow this so we'll even with how manipulated the market is. You can see in 1 minute charts that every significant price movement is from a single entity or entities. How and why would they follow a typical bubble cycle?
Aiden Cook
> if they were using leverage to build their business
lmao they are loaded with cash. The opposite of leveraged.
Hunter Fisher
>uphill
try sideways for 4 years
Ryder Hill
all tethered up...will buy at sub 5k
Zachary Thomas
BTC tends to fall under the 200 DMA when its value is under the average of all vakues for the last 200 days, but it should go back over the 200 DMA when the price increases to an amount higher than the average of the last 200 days
Isaac Baker
>BTC tends to fall under the 200 DMA when its value is under the average of all vakues for the last 200 days
No kidding!
>but it should go back over the 200 DMA when the price increases to an amount higher than the average of the last 200 days
NO FUCKING KIDDING!!
Juan Fisher
Right. Just pointing out that its stupid as fuck to think it means anything important or not otherwise obvious
Adam Campbell
Isaac Lewis
Elijah Fisher
Been waiting for 3k the whole time and will dump life savings of 76k into btc and a couple alts even if it's at 3500
Jaxson Evans
Jason Smith
nationalreview.com
It could be a threat, but it could be used to make the blockchain better. Not sure how that would work.
6 months and Binance has the most volume of any exchange. They know what they're doing.
Sebastian James
Just look at last year's charts. Every dip stopped exactly at the 200 DMA. Traders saw that line as a 'buy zone.' But it seems it's become a 'sell zone' now. Prices are determined by people, and people use moving averages as a reference for determining when a price is high or low.
Henry Carter
I'm very bearish but I will eat my fucking dick if BTC gets to 1k. Literally impossible.
Luis Stewart
Liam Peterson
David Mitchell
Liam Hernandez
>They know what they're doing.
They have no clue... Just two weeks ago their API was hacked and almost fucked up the entire altcoin market. A month ago their server crashed and they took days to reestablish service.
This is right, this time things are moving much faster. So no, we won't see another multi-year bear market.
Noah Wood
I really hope this comes through
Joseph Jackson
but will recovery take equally the same amount? 2-3 years? this TRULY shakes the normies out.
Andrew Wright
Their api wasn’t hacked, users got phished. They reversed the trades and identified the 32 accounts responsible in less than 12 hours.
Christian Johnson
That $2800 panic sell off is sooooo tasty! Can't wait to go all in.
Leo Scott
Just Monika.
David Collins
yea, it probably won't get close to $1k, but some of the comparisons between 2014 / 2018 are pretty interesting
Jackson Adams
Yeah those were serious issues that weren't all on them. Clever API logging. Servers can crash. They resolved it though right? Keep our fingers crossed it doesn't happen again.
Christopher Myers
If quantum computing ends up breaking crypto, you won't be able to encrypt traffic to https websites and will have no way of verifying a website identity.
We will have bigger problems than crypto and things will evolve before that as quantum computing won't just suddenly happen
Caleb Fisher
There are still SO MANY risks that can take BTC down.
1) General Normie China/Korea FUD
2) Tether is a ticking time bomb that can literally wipe out 90% of the Crypto Marketcap
3) Ghost of Mt. Gox
4) General Market Bubble Pattern.
5) Whale Manip
Cooper Jackson
Currency of the future!
Luke Jackson
Visa ain't free, my friend. We are all paying for it.
Adam Sullivan
>load the asic boost fud
Tyler Hall
If it goes that low, you might want to look at why first.
When it last dropped to 6k, there was huge fud, bans and dumps of gox altogether.
3k would mean it's gone quite bad
Logan Miller
Not you, but the retailer. For whatever cryptocurrency that might be adopted the retailer will also have to pay because he'll likely use third-party services to process transactions instead of running his own node.
Oliver Baker
>Not you, but the retailer.
The retailer transfers the costs to you by increasing prices.
Asher Russell
So do your math. Few will bother running their nodes
Adam Reed
Christopher Rivera
You guys realize that miners will stop mining at that level right? Ironically that will drive the price up because there's far, far less people to sell. $5,500 is roughly the bottom for this.
Nicholas Fisher
Miners will never stop mining. There will just be fewer of them