Bitcoin cycles, this is the cyclical minimum

[afbitcoins]

I've been waving my hands around in the air, chanting, gazing at tea leaves and looking in a crystal ball AND drawing lines on charts

My prediction, good times ahead for bitcoin bulls

Lets be real. bitcoin is deflationary. Most the coin supply is already distributed. Central bankers and globalists are shamelessly using their control of fiat for all kinds of evil. But at the same time they are ruining the credibility of their bits of paper. And inflating it until its value hits zero. They know they are on their last fumes in the tank.  They will try to push CDBC on us. Don't let this happen. Bitcoin is for the people. Can't be censored. Keep your private keys in your control. HODL

Bitcoins dont give a shit about some DeFI centralised exchange going under. Seen  it all before, many times.

Heres the chart






We are bang on the low. Forget stock market correlation. Forget alt coins. Forget stocks and shares.

Buy bitcoin (and gold and silver)

Hold on tight

edit: My opinions though generally pretty good can be wrong. Your own trades or investments are your own risk.

Update: Thanks for the comments on this thread, they are much appreciated. I think I'll try and keep it alive and monitor the progress of my idea that this is the  cyclical minimum. I'll be looking at the market from a technical perspective based on long term trends.  
 

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[Odusko]

I agree with you on the fact that the most suitable investment option right now is bitcoin, this is very important in the sense that Bitcoin is listed as a volatile anti inflationary asset that the laws and policies of third parties do not have any effect on the outcome of its value at whatever point, on like altcoins that are centralized and highly controlled in form of CBDC and other in it category.
Bitcoin's decentralized nature gave it the upper hand against other stocks and Bitcoin is placed in the category of some other stable long-term assets such as Gold and silver as you mentioned in the ops.

[buwaytress]

Forget stocks, alts, etc.? Never been farther from Bitcoiners' minds... Fact the only time I really think of anything else other than Bitcoin is when I look back with some regret on shitcoins I changed out for BTC... Never in a rally!

Agree fiat credibility keeps making all time lows but when the USD printer is smoking and still the dollar enjoying ATHs against major fiat, gotta accept fiat's death knell probably happening past our lifetimes... Doesn't matter. Bitcoin needs a strong dollar when we get to 100k

[Oshosondy]

Agree fiat credibility keeps making all time lows but when the USD printer is smoking and still the dollar enjoying ATHs against major fiat, gotta accept fiat's death knell probably happening past our lifetimes... Doesn't matter. Bitcoin needs a strong dollar when we get to 100k

Bitcoin has been a very good opportunities for people like me in a developing country. Before bitcoin was created, it was dollar we were looking to be a hedge against inflation, but no matter what, fiat is fiat, just that one is better than another. When bitcoin was created, more opportunities came as we can now just hold bitcoin. Bitcoin is at its low price now again, if bought at $16500 and some sold in 2 or 3 years from now is a very good investment and a hedge against inflation. It is exciting to buy bitcoin now and hold for long.

[jackg]

Any thoughts given to how long the low (or close to it) has been held in the past? I think if the low is in, we'll be around it for a while before people gain confidence again - confidence in exchanges is likely depleting too (one of the biggest on ramps for crypto).

Also, based on previous times, it looks like we might be due one more drop before we start to recover well again.

[adaseb]

I think Bitcoin and stocks will bottom (or top) at the same time pretty much. What this cycle has taught us is that Bitcoin is a risk on asset like stocks. Many assumed it would rally when stocks go down but they were incorrect.

Either way. I agree with you. This was a brutal year. People saying capitulation will be the low? However look at what happened this entire year. Pretty sure we hit that point already.

[mk4]

Bitcoins dont give a shit about some DeFI exchange going under. Seen  it all before, many times.

Just a heads up if ever you're actually referring to FTX: FTX is not a "DeFi" exchange; it's a typical centralized exchange like the Binances and Coinbases of this very industry.

[Upgrade00]

While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.

[cryptomaniac_xxx]

Of course, bitcoin doesn't care about those defi and what is the latest hype, but we do somewhat correlated with the altcoin market. And every negative news will have a big impact on us, just like the terra and ftx collapse. Bitcoin doesn't have something to do with it and yet the price falls hard because of this news.

But as agree though, might as well be the mindset of bitcoin maximalist, it is the only good crypto worth to be invested. Specially in a bear market, we should take advantage of it just accumulate sats. That is the easy part, the hard part is not to be shaken when bitcoin is affected by non-bitcoin news.

[Yatsan]

While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.

Fiat is not losing value, the market goods are just having increase with the market price as a consequence of inflation which is a reflection of world market and rach countries' economy. Ofcourse it won't go to zero unless hyperinflation occur to a particular country such as with Zimbabwe. The market value of their currency did not deop to zero that would be impossible, its market value is just low. Also, given how volatile the msrket prices of crypto, it won't be sustainable for the economy to use it as a main coin 'coz there will be no consistency with daily transactions simply because the value of crypto changes from time to time.

All in all, there is always a tendency for the price of Bitcoin to be as low as it can especially if demand will dictate it to do so. Whether it would go up or not, the demand would be the bottomline as it determines the market price of crypto.

[buwaytress]

Of course, bitcoin doesn't care about those defi and what is the latest hype, but we do somewhat correlated with the altcoin market.

It's the other way around, actually.

If rando altcoins collapse, they don't affect Bitcoin. Rando altcoins collapse all the time, some huge ones too with mid-size market caps.

Problem with major shtcoin collapses like Terracoin (what you said in your example) or whatever they're called, is that they interacted with Bitcoin... they had a huge Bitcoin reserve which they tried to use to shore up the peg their stablecoin lost. So it was really when that happened that the market felt the tremors.

[fzkto]

While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.

It seems to me that to say that bitcoin is now at the bottom is just as likely as bitcoin to hit its bottom around 5k. In other words, it has the same 50/50 chance. No one knows how the price will behave or what else might happen in the industry. It seems to me that the chain of events such as LUNA crash or FTX scam is not over yet and we may see something worse, like Michael Saylor crash or something like that.

[TheGreatPython]

My prediction, good times ahead for bitcoin bulls

I personally believe that everything will go just fine from here on out, I feel like we have seen the worst and that’s it. During a bear market we have seen all we can see, even Luna and FTX alone would have been good enough to just make it crash, and we are above all of that now. Unless there is another big crisis or chaos or bankrupt or scam or hack whatever bad thing is on the way now, I think we are going to just go up and be a lot better.

[tabas]

It's okay to invest in other investments if the investor knows and understands what with it ahead from those investments. If he's from the stock market and then suddenly reverted his attention to bitcoin and started investing, I doubt it that he'll leave the stock market. But what he'll likely do is to maximize his capacity, resources and knowledge in investing in both areas because he understands pretty well the other one and starts to know more with the other one. However, we're all agreeing here that in summary, bitcoin's the best and is the king of this market and soon most assets will look after it.

[justdimin]

While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.

It seems to me that to say that bitcoin is now at the bottom is just as likely as bitcoin to hit its bottom around 5k. In other words, it has the same 50/50 chance. No one knows how the price will behave or what else might happen in the industry. It seems to me that the chain of events such as LUNA crash or FTX scam is not over yet and we may see something worse, like Michael Saylor crash or something like that.

I would guess that hitting the bottom and then bouncing back up to a great level is an inevitable thing. I think it is a bit "known" that we won't hit 5k, that would be too little and it would be quite difficult to hit. I am guessing that it could potentially be a bit difficult to do when we are talking about how much bitcoin needs to be sold at the market price while going down, and that's not going to be that easy.

I know that it will not be that easy but I know the "possibility" of it at the same time. I agree that there is a technically possible situation going on, but it is not going to be that much of an easy thing to do so I guess 15k or higher is a lot more likely.

[Upgrade00]

It seems to me that to say that bitcoin is now at the bottom is just as likely as bitcoin to hit its bottom around 5k. In

While anything is possible in the Bitcoin market, one can also draw assumptions from previous patterns and use that to try and predict what could happen in the future. While the ATH has been progressively increasing with each market cycle, from below $1k to as high as $20k and most recently almost at $70k, that's the same way the bottoms we've been experiencing has also been progressively increasing as well, from below $1k to $3k an now above $10k. I would be greatly surprised if the bottom goes below the 10 grand mark.

No one knows how the price will behave or what else might happen in the industry. It seems to me that the chain of events such as LUNA crash or FTX scam is not over yet and we may see something worse, like Michael Saylor crash or something like that.

The more these scenarios occur, the more the market adjusts to it and becomes more resistant.

[GreatArkansas]

Bitcoins dont give a shit about some DeFI exchange going under. Seen  it all before, many times.
(....)

Very true. Bitcoin also doesn't give any shit on other altcoins. This is also from my experience before. I got big regrets before, holding too many altcoins or swapping my Bitcoins before to altcoins were my biggest regret.
Now, I already learned the lesson.

[Fundamentals Of]

This can't be going on and on without end. We all know how Bitcoin goes bearish and bullish and bearish again and bullish again etc. What we are going through right now can be justified. This bear season is brought about by macroeconomic factors and then shit happened with FTX and several other crypto platforms. Many have probably felt it that there will be more room to fall for Bitcoin and they sold. But this doesn't mean that people are losing trust in Bitcoin. So this is just temporary. There are bullish days ahead.

[STT]

Fiat is not losing value

Almost always in recent years currency is losing value.  Inflation is first reflected in an expansion of the monetary base far beyond any natural GDP growth in that country.  If there is more money available then its a given the price to describe goods will rise.   The only things that's saved us recently have been gains from efficiency and technology especially, also most QE programs have been involved with long dated bonds which stores a problem up for later but eventually its completely possible multiple western currencies will collapse to zero value. 
  It should be an exaggeration to say we will see value of common currency reach zero but its quite possible and it would be prudent to treat the risk as real.  I think Japan and the YEN is most near term candidate for collapse but I would also argue the ECB and Euro have problems unfold and could see the end of those systems of worth.  It will bring great upset, deflation is possible which typically raises the value of serviceable money but its not just one but many currencies which can fail imo.

[MarjorieZimmermanGinger]

We have seen the development of bitcoin in two decades. Talking about growth, it is clear that bitcoin has experienced a significant increase from the long process it has gone through, bitcoin is always associated with a four-year cycle, because if it is calculated mathematically it is highly correlated with its journey, this can be proven in market processes that have taken place.

The Bankers tried to block Bitcoin's growth by any means, but it didn't happen and even failed. CDBC continues to be pushed to reduce the rate of Bitcoin, which happens on the contrary, bitcoin grows and develops to date. Many people are starting to realize that bitcoin can be a hedge, a promising investment and that inflation is not having much of an impact on its journey. Bitcoin, gold, and silver are three of the better investment concepts at warding off inflation amidst the ongoing recession, our ancients have proven when fiat currency was not controlled as it is today.