Even with heavy oversold RSI the dumping continues, it has entered bear market territory.
Bitcoin is dead.
Thinking of Mindrusting around this level.
/s
See you all in 2029 when it breaks $100,000 again.
I suppose that we are defining bear market differently.
From my perspective, we would have to go much lower in order to bounce out of the bullmarket, which has been going on since late 2022, even though we might not have had realized it until either mid-2023 or even as late as October 2023.
So in order to fall out of it, we would have to meaningfully go either within 25% of the 200-WMA, which would put us at about $56k and then stay below that, or we would have to go below the 100-WMA.. and meaningfully stay below that, and the 100-WMA is right around $53k.. so similar thresholds.
You are way premature to be proclaiming that our current $86k price dip (a mere 22% from the $109.3k top) is anything other than a correction within a bull market.
$90,000USD Breched on BitStamp
WatChe You have lost the bet, please PM JJG to settle the wager!
Ohh shit!.. just had a flash crash down to $87,629!!!
quoted for ref.
WatChe has lost. price below 90k @ stamp
however this also means (aside from lost bet) its BUY THE DIP timethat's what JJG will be doing.
I buy the dip, but I am not really happy to be doing it.
I would prefer the BTC price to be going up.
Even with heavy oversold RSI the dumping continues, it has entered bear market territory.
Bitcoin is dead.
Thinking of Mindrusting around this level.
/s
See you all in 2029 when it breaks $100,000 again.
Have been setting myself in a pretty safe spot over 100K... but still far from believing we are done already... then again I'm just another
moonboy.
Moonboy.. hahahahahaaha
Hopefully, this is merely a pause in the action.. .. but I always tend to say that, even when we actually get into some kind of a bear situation.. and then realizing that we are kind of stuck for a few years... but yeah, it would be kind of crazy (and surprising) if $109,356 would end up being the top for this particular cycle. I am still willing to bet Philip on a October/November timeline that the ATH will be breached prior to what he had been saying, even though we would have to clarify our bet terms if we were to do it and to figure out if Philip is actually willing to stand behind his prior assertions.
Lately I am really thinking about mindrusting 20% of my holdings and give a..
Mindrusting is not a good thing, and I am not sure if you can meaningfully do mindrusting with a mere 20% of your stash. There seems to be some misusing (or at least loosely using) the concept of mindrusting.. You, GoMaD, and Bawb too.
adjusted for inflation the last cycle's ATH is at around 80k$
If you think this cycle is over (lol), we only got 35% higher compared to the ATH in 2021... I have a hard time believing that...
You are likely correct, yet measuring from highs to highs seems a bit problematic. The 200-WMA continues to go up in very healthy ways. It has doubled since mid-2022.. from $22k to $44k.. So, there is nothing wrong with that kind of overall growth... but, yeah, I am with your overall sentiment, that $109k hardly seems like the top for this cycle, even though we cannot really know with confidence beyond my wanting to make a bet with Phillip regarding his seeming presumption of our more likely than not getting a higher ATH (in nominal terms) prior to his loose October/November timeline. Seems bettable for any of us with at least greater than 50/50 confidence that the top for pre-October/November 2025 is not yet in.
set new buy ladders . I am racking up cheap corn baby.
So glad I sold some for powder in the 105-108k range.
Your talking your book seems to be working out for you... hahahaha
Even though you are not a very good role model in terms of trading dee cornz and/or expressing the belief that it is good to sell coin on the way up with an intention of buying more back on the way down. That has not really worked for you on a long term basis, even though you seem to be currently getting some short term rewards from such inferior BTC portfolio management practices.
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