I expect at least one other run up before the end of this bullish cycle. Most charts suggest that we should go at least 20% from the last top, so maybe 80 thousand as the last top of this cycle? Maybe we'll go higher.

I'm not a fan of round numbers so 100 doesn't hold any significance to me but we could go somewhere near that to maybe 95? People will get cold feet and start selling before 100 that you can be sure of, just like they stopped the first run up at 58000 because they knew many people would be waiting for the round 60.

Anyway, if we reach 95 or so it's going to start a bigger correction than 10%. 10% is not a cycle ending correction it's rather a sign that we're going to continue upwards.

Yes, we can't blame him, but we also can't blame bitcoin for being designed the way it is.

It was that man's choice to keep his investment a secret from his wife and kids.

If he had a lot of money and buried it somewhere in the garden, would it be the money's fault or his? Usually people doesn't hide money from closest family.

OP, check your brother's computer. Maybe you will find some hints and traces that can help you get his money. Check if he had accounts on bitcoin exchanges and send them his death certificate. It's possible that they'll reset his passwords and give you access to his accounts. At least you'll know if he held anything there and how much he bought.

If you have problems with watching the charts and not having enough sleep but still want to trade learn from some day traders. They enter a session with a certain capital, trade for 1 or 2 days straight and then exit to take some time off, have good sleep and so on. When they log out of the exchange they exit to fiat or a stable coin.

There are also hybrid traders like me who sometimes take a trade but that's only when a big opportunity arises. If you don't try to chase profits but let them come to you by setting up smart long term trades you won't get so tense.

I'd say no, because your coins will not be burned. Usually stolen, hacked, stuck coins are burned, so you as an individual investor don't get affected by it.

It can increase the value of your coins if there's a limited supply but it will depend on the number of burned coins vs total supply. If they burn 0.5% of the supply don't expect a big pump out of it.

1. Ask people who bought during the ICO bubble of 2018 how they felt and if it was a good idea
2. Usually doesn't work if the coin is shit. Usually burning is the last resort for devs of a dying coin. You could see that in action a year ago when they burned BTK and the coin dived anyway.
3. So you think that coins that are often traded are a good buy? If that's so then you should buy BTC and ETH - the highest volume coins out there and be done with it. In reality high volume coins are good in bull market pretty much like any strong coin.
4. This is a good idea but you can pretty much buy bitcoin at any time and make money. The only time when it's pretty risky is when it's severely overbought.

It doesn't have to be exactly like the others to follow a similar pattern. It doesn't have to ba an exact 80%. If you check the charts you'll see that last bear markets did not lead to exactly 80% corrections, but even if it's a 70%, you're going to need a much stronger bull run to defend 50 thousand.


In 2013 the bull run wasn't that high. It was roughly 3x in December, pretty much like 20-60 thousand we had this time and it went straight down from there, back to $400 in a day. So it corrected more than 60% in a day.

It's easy to make money in a bull market OP, anybody can buy and profit.

Everyone in this space makes a choice between coins they want to hold. You bought BNB and made money, someone else bought ADA and also made money. Saying that BNB is the right choice is pretty ignorant towards so many other coins in the space. It's not like BNB, ADA, ETH, or anything else is the right one. In a bull market almost everything excluding scam coins is the right choice.  

I think it will, even in a moderately bullish scenario.

If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.

Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.

For those of you who say it could be different this time, it sure could be, but TA tries to predict future moves by watching past ones. It gives us probability and we had at least 4 bull runs that followed the same pattern so the probability is high.

Usually newcomers to the forum make the same mistake.

They come here to ask questions because there are things they don't know or don't understand and instead of searching they start new topics about things that were discussed over and over in many other topics made by other people. Then their topics get deleted and they feel frustrated that the forum doesn't allow them to ask anything and is harsh to newbies.

As anew person try to do some research on existing topics first and you'll do better than 90% of people who come here.

We haven't seen a 50% drop for a long while. I think the last time it was when USA announced a covid lockdown in 2020

Of course there will be another 50% drop but waiting for it means missing opportunities along the way. We could be up for another 8 months of bull market, you can never really tell until it happens.
I placed a small bet on the PI cycle yesterday and shorted 10% of my bitcoins at the top and it was a decent choice, but I have to say my hopes were higher. It looks like buyers are still strong and the bull market isn't going to end. I'll give it a few days and probably end up buying it all back as we go back up towards 65000.

I did some research on staking and it's not worth your time unless you can do it from your own wallet. Some coins allow you to do it or allow you to connect your platform account with your wallet. I know that Waves allows you to stake from your wallet on centralized platforms and your profits go to your account while your coins are in your wallet.

Don't stake on centralized platforms where you give up private keys. Those sites often have weak protection and your account can get hacked. The risk is not worth those few dollars a week that you'll make from this.

What about those who sold at the top today? Are you also going to thank them?

We never know what the top is until it gets confirmed by a long correction. If I were a trader I'd sell most of my coins today because of how overbought and nervous the market is. The chart still looks very bullish but it won't keep going up forever. When it falls there's going to be denial at first and then, like always, fearful dumping.

I'm wondering if the pi cycle indicator will be wrong for the first time this cycle. It marked the top yesterday and previously it was pretty accurate. Sometimes it was off by 2 of 3 days but still pretty good at showing when bitcoin is extremely overbought and ready for a correction.

We just had a minor correction, so we'll either stabilize at 60 thousand and reach another ATH in a few weeks, just like we did after breaking 61 thousand, or we'll start a longer correction and this will really prove to be the top.

It looks like 70k is the next thing after we pass 60
Bitcoin is once again proving the doubters that we are in a bull market and the run is far from over.


That's what you get for not paying attention. Leaving orders and forgetting about them is like leaving your car for the night with keys inside. What could go wrong?

As someone using USDt just to secure your profits for a while until you move into another coin you are not risking a lot with this stable coin but don't use it as a store of value. It's not fiat money! Having USDt does not equal having USD. You're holding a company promise that they are solvent and will pay you back, you are not holding fiat even though they say so.


The biggest market cap doesn't mean the bast. They have so much because they're probably printing USDt with no backing just to have more investment possibilities. If I had the ability to make money out of thin air I'd do it and buy other things with it like gold, fiat money and bitcoin. They're probably doing the same and we won't know about it until the system collapses.

It's true. If we go exponential and hit 300 thousand in a year we could overextend so much from the ribbon that it would take us years to go back down to retest the lows.

The lows right now are probably somewhere at 20 thousand. If went up by 100 thousand from here we'd have to lose all that value somewhere and it wouldn't be fast, it's just impossible to deflate so much in a short time.

The bear markets are also getting longer. If we needed 2 years in the past we could need 3 next time. I don't think we'll go as high in this cycle. 100 thousand would already be a huge milestone. I don't see how we could triple it in one and the same bull run that took us above 20 thousand.

They posted it 8 years ago. I suspect they had a nice laugh when it hit 1000 dollars in 2013 and then 20 thousand and then 60 thousand
If you went to their firm today with a bitcoin shirt on you would be able to hear teeth grinding and nails being bitten off.

There's one thing they're right about. Most bitcoin traders don't know what they're doing and are blinded by dreams of big money. They want money here and now and it hurts them.

In short No.

I'm saying it because it takes more fiat money to make Bitcoin gain another 1% each cycle. When you had bitcoin for 1000 dollars, getting it to 1100 required a very small amount of money compared to 2017 when it was worth 19 thousand and on its way to 20.
Now at 60 thousand you can invest 1 million USD and not even see anything happen on global charts.
Think how many millions in fiat currency you're going to need to make Bitcoin move from 800 to 900 thousand. You'd need whole governments to invest their budgets into Bitcoin.
Even if we take the next 3 years into account 1 million dollars is unreachable.

I started to mark sentences that I did not fully understand and then I gave up because it was getting worse What are you even talking about?

It's true that anyone can invest but the rich in general are more successful because they don't feel the pressure and they can invest a lot more. Since your gains are a percent of your investment they are going to make a lot more from a 1% move than you.

The only reason stopping people from going all in right now is the price.

To newcomers it really looks like the peak and they think it's a good idea to wait and see if it corrects and then buy but in the meantime the supply decreases and their window to buy is closing.

We're probably going to be either near 100 thousand this time next year or in a bear market following a correction from 100 thousand.