BTC still not uncorrelated to U.S. Stock Market. must be in an early state.
Fuck that nonsense about supposed correlation.. you gotta be zooming ur lil selfie a wee bit outwardly.
Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price.
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.
And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.
Next levels:
700$ ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k
and enough.
We don't know where the bottom will be, but if there is one certainty in life it is that the central banks will always print and the governments will always do fiscal spending packages. Therefore eventually the price will go up (along with every other asset known to man). The only thing we/you have to be sure of is "can I hold, without selling forever if need be?" if your answer is yes, everything will be good.
As I mentioned above bitcoin price rises have a lot to do with increasing supply of fiat currency. And the monetary system requires ever increasing amounts of fiat, It's just how it was designed. Increasing fiat supply is therefore guaranteed. If it doesn't we end up with a Soviet style collapse. The CBs and Govs are never going to let that happen. So brrrrrrr.
Bitcoin is a long term savings vehicle, treat it as one rather than as an investment.
Your framing is a wee bit weird, but what else is new, somac?
Part of the explanation for bitcoin's increase in value over the years is the depreciating value of the dollar, but get a fucking grip, bitcoin has appreciated way more in value than the dollar has lost.... just take the last 10 years for example, bitcoin has gone up 1000x or more and the dollar has probably ONLY lost around 50% of its value.
You can even choose a shorter period, such as the last 4 years. In the past 4 years, bitcoin has gone from $2,500-ish to $29,500-ish, which is about 11.8x price appreciation. The dollar has lost 20% to 30% of its purchasing power at best during those past 4 years.... so get the fuck out of here with your simple-ass explanation that is ONLY part of the explanation about what is going on in terms of the great historical appreciation of BTC's price and also there is no real sign that bitcoin is not going to way the fuck out appreciate the value of the dollar way greater than the amount that the dollar is losing value and likely to continue to lose value... where you going to put your bets?
By the way, I do not have any problem with having somewhat conservative expectations - but you, somac, seem to frequently get so much caught up whining about short term negative BTC price moves that you lose sight of the BTC positives and even the likely future positives coming through BTC - not that you are even appreciating that we likely are in the midst of the greatest wealth transfer that man has ever seen.. so sure, it is not easy to see what is going on while in the midst of it, so I will grant you the
being blind in the midst aspect.
(perhaps better than being a gorilla in the mist?)CME Very possible to Hit earth in 2022-24... Helpo while its possible ? I need 3 BTC
Exactly.. you "need 3 BTC" like a 3 year old "needs 3 BTC"...
Your begging is unbecoming.. and sure, another red trust might just cause me to look like I am out to get you, no? ..
Nice try but Bitcoin cycles are more likely related to the halvings which are something more like 3 1/2 years. Those date ranges are broad enough that the 2013/2017 outcomes fit but quite possible we've already seen our growth for this cycle.
I wouldn't mind that being wrong though
You are likely wrong... richie..
Funny how you have such strong conviction about this theory of a possible early bear cycle... Of course, we will see.. but I doubt that the odds are in your favor.
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