Easy! End of year bitcoin is less than it is now, by a lot.
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I'm assuming everyone who know maths has entered extreme short positions in preparation for the cataclysmic death of bitcoin? Congrats to those who've divested wisely and at high margin. The sell walls are insurmountable.
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Giant, likely insurmountable sell wall on Bitstamp. Looks like another humiliating leg down is eminent.
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Bitcoin is collapsing because it has been mathematically proven to be a bad investment.
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This is 100% proven GAME OVER as OP described. OP and I have both done the calculations and it's easy to see. This is the confirmed death of bitcoin. There will never be another ATH for bitcoin and that is mathematically proven.
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Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%
A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,
Like I have said all along, it was the MUSK billionaires who sent BTC from $20 t0 $60k in the last six-months, not the geeks with stimmy-checks, they're over on DOGECOIN
Now MUSK & billionaires MUST take profits before all that money evaporates.
Given that CHINA owns BITCOIN, and MUSK with his $1.5B purchase drove the price, one can say that much of the corporate USA loss on BTC investment is just easy money transferred to China.
One mans loss, is another mans gain. In this case with +67% of all mining done in CHINA, they own BITCOIN.
MUSK was a BIG believer in China, but now with the people jumping on his Teslas, and his reaction, MUSK is seen as a pariah in CHINA for what he is, also in CHINA while the USA buys the bile because USA media peddles bile, in CHINA the people are aghast that he says "The Tesla that crashed in Texas, was NOT on autopilot", Chinese people see this as an assault to their intelligence, maybe for the USA the USA people are a nation of idiots in the eyes of MUSK, but in China with the single child policy of 60+ years, everybody makes sure their kid gets the best education, unlike USA where everybody is fed WOKE bile, in lieu of education.
BTC dropping like a rock, or reverting to the mean, is not a new problem, easy to go from $1 to $100, wasn't likely to go from $6k to $60k, but now stimmy checks are kaput, and the USA corporate balance sheet is crap. The single reason that MUSK, and dozens of other CEO's parked their corporate cash into BTC is hoping they could show a profit on their books. Not unlike GM, back in the day GMAC made morning money loaning its cash, than they did making cars, until they figured out that nobody was paying that money back.
Classis MUSK was John Delorean, who spent 100's of millions of company cash on Cocaine, so he could keep his car company afloat with drug sales in USA urban crack zones.
The entire BITCOIN narrative is now public, everybody knows that 100% of the BITCOIN 'story' is based on lies, there is not a single truth propagated by the pumpers & dumpers in BITCOIN land.
Just like USA today, where liars rule the media, here on BITCOIN liars rule the narrative, truth doesn't make you rich. But if your eyes are open, the truth can keep you from losing all your money.
Beautifully written. Have you confirmed, as I have done with pure math and science, that bitcoin is going to fall to around $100? It's easy to see. Get the word out fellow scientist!
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Up to the present time, Bitcoin only 50k; this is a very rapid decline in the current exciting time. JP Morgan has also confirmed that if it cannot return to 60k soon, Bitcoin will be in danger of breaking down. I don't think the situation is that bad, but it could even drop to $ 30k. I think I should swap to USDT on SnapBots for more safety. What do you think? Someone experienced, please give advice! https://www.coindesk.com/bitcoin-breaks-below-50k-as-market-sell-off-continuesJP Morgan's models are not accurate. I have used pure math to know that bitcoin is collapsing right now and will not recover. There will be no new ATH for bitcoin.
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Buying BTC now is extremly risky.This is a bubble what we see now. Soon the prices will drop to 20k then buy BTC. But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price. now is high price i wouldn't put 60k on btc. but is good time to buy altcoins that can make you x2-5x
I can't believe how pathetic your calculations are. Bitcoin is not a good price at $20k. I've proven this multiple times with a perfect math model using science. Bitcoin is a good price at around $100, and that's being optimistic. The price is going to crash far, far below $20k. You're far too bullish and clearly do not have a scientific model using facts.
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So, yeah, this is totally the end. Looking ugly.
My Chinese sauces are confirming it... My sauces confirm that sgbett is delicious. Also, Bitcoin will have a negative price in a matter of hours. Maximum leveraged shorts is the only way to survive. Come with me if you want to live. We're gonna save so many people.
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OP will say it's the end, I say it's just the beginning.
But it's the end
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So, yeah, this is totally the end. Looking ugly.
My Chinese sauces are confirming it...
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It's going to get much, much worse. Easy to see when you do the math.
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So, yeah, this is totally the end. Looking ugly.
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The price is on its way back down to $50k and below as we speak.
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Looks like the terrible confirmed news (for bitcoin) out of Turkey plus the failing COIN listing have finally popped the last bubble and caused the bitcoin market to begin catastrophically crashing. Sad days ahead for bitcoin fans.
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Bitcoin will 100% definitely go below $50,000 again. I've confirmed this multiple times.
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Looks like the Coinbase IPO will be the ice burg that sinks the ship. Amiright? Down 1.5% (on the 3hr)
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Another little tweak to my model. No biggie. Extreme bear situation still intact and 100% predicted and proven.
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The BIG CRASH is ever closer!
(had to do one more little update)
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Not much time left to exit as a clear trend develops.
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