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Author Topic: Will the bear market be more significant  (Read 156 times)
dansus021
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June 29, 2022, 02:35:23 AM
 #21

i mean yes we can see data from the past and predict for future but it is not always right just look at this rainbow chart


if we took data from the past we should touch the ath at 100K before we see bear market what happens now is so much more complicated bitcoin now have a correlation with stock market so many company invest in bitcoin there is dozen crypto etf then don't forget with real world problem that we face right now war, covid, inflation

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June 29, 2022, 02:36:13 AM
 #22

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

What would be a bigger loss for you, lose 430k from your 60k in your bank account or lose 4  out of the 5 1euro coins in your pocket when you rushed to catch the buss? The first is a 50% loss the other is an 80%, but I have a feeling you're going to waste more time on trying to get those 30k back than searching for those 4 coins..

I've said it before, how much value has the $32 to $2 crash wiped out? 7 million coins in circulation, that's 200 million? Compared to
Quote
“Investors collectively locked in a loss of -$4.234B in a single day, which is a 22.5% increase from the previous record of $3.457B set in mid-2021.”
This will only result to FUD.

It's not fud it's TYDL, aka things you don't like, which doesn't mean it's not true.
The whole FUD thing is so yesterday, every single thing that is a negative for bitcoin is FUD, get used to it, nothing can go only from good to better without problems, and nothing is perfect!

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Paul Pogba
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June 29, 2022, 04:43:50 AM
 #23

The current price has dropped more than 65%, of course many regret that they didn't have the opportunity to sell some time ago or when it rose at the end of 2021, but whatever happens if we focus on big profits then I suggest not to panic and of course prepare money to keep buying, from the facts and previous data the price of bitcoin will rise again.
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June 29, 2022, 08:58:48 AM
 #24

I speculate that bitcoin might be worse than where it presently is during the autumn and winter. This is when energy demand will certainly grow. I reckon with increasing energy prices and a threat of a shortage in energy supply, miners might be forced to dump more of their mined bitcoins to the market for their cashflow.

If we take into account that miners can mine about 27 000 BTC per month at the current reward per block - then this is not a number by which they can significantly affect the price, although the real question is how much BTC they actually own. However, I do not believe that they are so stupid as to sell them on the open market and thus lower the price, for such things there is always OTC.

As for the problem with fuel and gas prices, there is no doubt that it will hit the EU the hardest, which is not suitable for crypto mining given the already high prices. Crypto miners in the US or Canada should not be as exposed to increased prices as those who are still in China, which imports very cheap oil and gas from Russia and Iran.

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June 30, 2022, 05:47:32 AM
 #25

Though it is already significant. But nothing can be said about what would happen in the future.
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