Bitcoin 50% Down Move Incoming?

[noormcs5]

I remember you being optimistic in April when I said Bitcoin will touch $16k by End of Year.
Not a good year for whole world economy as for now, maybe try to adapt as per the situation.

$9k is not so far from $16k when we can go from $69k to $16k.

In October I was already said that 8k is the worse case scenario, still, even then, I was thinking that we're late in the crypto winter and we will probably not touch that.
Since the 19k of October the current 16k is not so bad if we think in terms of going down, but I was expecting we will start going up...

So in January we may see 9k you say... and then what? Should I start asking like the newbies about the end of this bear market: are we there yet?  

It's really hard to find the exact bottom of bitcoin. If you ask me I will say that 15800$ was the bottom of this bear market. For bitcoin to go to lower than this, there needs to be a very bad event like ftx crash or Luna crash. I am not seeing that this bad event can't happen, anything can happen but we can't anticipate that such a bad event will surely come.

However, if bitcoin can really go under 10k or 9k I will be ready to load my bags again.

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[bbc.reporter]

It appears someone did not get the joke or does not see how Michael Saylor is presently a running joke in the cryptospace. However whether it is a joke or not, Saylor has always made the wrong decisions after 2020.

For people who think like you, Saylor is certainly a joke in every sense, because a man invests in Bitcoin even at a time when most others are selling, because like every time we are in the middle of a bear market, pessimism is at its highest level, and tombstones for Bitcoin spring up like mushrooms after the rain. Maybe it's good to expose yourself to the end, in other words all the people (including Saylor) have been wrong for the last 2 years because they invested in Bitcoin.

Also on Sam Bankrupt-Fried, I reckon I was also the first person to speculate that FTX was going to bite the dust. I speculated him to be the next king in the cryptospace after Changpeng Zhao. I never considered him to be the most intelligent.

Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:

I think Sam Bankman-Fried is one of the most intelligent founders in the cryptospace, however, I am starting to be more skeptical about his agenda. In the article, he mentioned that bitcoin may have a future as an asset, a commodity or a store of value. I am scratching my head on what he might be implying in his statement. Is he telling us that bitcoin will not forever be no.1 in market capitalization?

It is funny for people who do not worship Saylor. We can joke and laugh lightheartedly because we do not take this serious. It is only very much similar jokes when Jim Cramer makes a bullish prediction. Also, what was funny was the timing of the creation of this thread predicting a 50% dump and Michael Saylor's latest purchases of bitcoin.

I never give myself too much importance. I am only a newsreader who shares the news and who has opinions similar to much of you. I am sorry if you do not like them. I am not quite certain why you are very annoyed with me.

Does saying he is one of the most intelligent the same as the most intelligent? Read the post you have quoted again. I was making an argument. I said Sam is one of the most intelligent, however. The argument makes it appear that he might not be as intelligent as mentioned.

Don't give yourself so much importance, all those who have never invested a single cent in that exchange are intelligent people - all the others do not fall into that category, including you. You didn't consider him the most intelligent person? Then someone else got hold of your account and wrote the following:

Ouch, bbc. Heh.

So I don't think someone bought your account or posted on your behalf but when you make a habit of commentary on the news, you end up making contradictory statements every now and then. Think even I find myself guilty of that.

Perhaps time to leave them corporate personalities to themselves and not give them so much exposure? Particularly if you think they aren't intelligent...

I am not sure why he is quite annoyed. It might have started when I implied that thinking anything that is not bitcoin is a scam is stupid.

[NeuroticFish]

@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?

So let's move on and bring us another chart, what you think? Any new prediction?

[stomachgrowls]

@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?

So let's move on and bring us another chart, what you think? Any new prediction?

Cryptal balls whether it would be broken or not and its just really that normal that lots of speculations and analysis would seem to be broken when Bitcoins price had moved up into the other path.
Its not that surprising and this is what makes it look interesting that we've been trying out to compare others predictions into ours.If it fails or ends up wrong then we just moved on and
make another one and its not a mistake since this market had been speculative since from the start.

Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.

[ImThour]

@ImThour, I've admitted that my crystal globe is broken, but it looks like yours is no better...
It's not only that the 9th of January doomsday was avoided, but the crypto winter seems to be ending too; or am I rushed with my conclusions?

So let's move on and bring us another chart, what you think? Any new prediction?

Yup.  This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!

All good though!

[NeuroticFish]

Yup.  This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!

All good though!

Just read again, what I was asking for was new charts and predictions, not old proofs. 
I am aware that this kind of predictions, no matter how good are they documented, may or may not come true, don't worry.

[Lucius]

Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.

That resistance has already been broken, and it seems that the path to $20k is open, although I don't know if there is a sell wall waiting for us there that will stop this mini bull run. To me, the only logical explanation is that good economic conditions were created at the beginning of the year and that money finally started flowing in all directions. Someone in WO wrote a few days ago that $20k is only a matter of days, and as it seems now, it could happen even before this week is over, or at the beginning of next week.

As for $16k, I don't rule out that possibility again, although it seems to me that there are more chances that it won't happen, but that's just my feeling.

[darkangel11]

Yup.  This prediction failed and I was also quite unsure that's the only reason this thread title ended with a ?
Hope you didn't missed this thread where I analyzed 50% down move too and it got executed -> Bitcoin Hash Ribbons Capitulation Alert!

All good though!

It's always good when you're bearish in the charts but bullish in the heart. When it goes down at least you can say the prediction was good and get some positive feedback. When it goes up against your prediction, at least you feel good because you want bitcoin to be up and win over scammers and corrupt governments.

Hey, at least you said it would move on the 9th and it did.

[doomloop]

Now i cant be sure if we would be able to break that 19200+ resistance or not, if it would then 20k or more would be likely to happen within this month or even on next
but if it would be rejected then 16k might be seen again.

That resistance has already been broken, and it seems that the path to $20k is open, although I don't know if there is a sell wall waiting for us there that will stop this mini bull run. To me, the only logical explanation is that good economic conditions were created at the beginning of the year and that money finally started flowing in all directions. Someone in WO wrote a few days ago that $20k is only a matter of days, and as it seems now, it could happen even before this week is over, or at the beginning of next week.

As for $16k, I don't rule out that possibility again, although it seems to me that there are more chances that it won't happen, but that's just my feeling.

I think resistance is not the key anymore, because the problem is with how much money we have to do this at all. I know that many people will want to see something much better like 20k+ and then 25k+ and so forth, but do we have that much funds that could go in the market right now.

Looking at how much USDT and BUSD etc etc we have in the market, if people started to spend that all, or even if not all but just half of that, we would be back to ATH prices, so the funding is there but are we willing to use it? I am not entirely sure. We could break resistance points not by just buying them all, but also making them fear they are missing out as well.

[Lucius]

@doomloop, I didn't find the exact data for 2022, but in the years before the amount of money that was waiting for a favorable moment to be invested was usually between $4 and $5 trillion, and I don't have too much reason to suspect that it is not a similar or even larger amount in this moment. Positive signals from central banks and announcements about the slowdown and reduction of inflation were obviously the trigger to release some of that money and direct it to the market.

Now the only question is whether it is something that will only be temporary, or whether 2023 will be a year of great recovery for most markets. It seems to me that Bitcoin is just returning to the levels where it should be if there were no scandals caused by Kwon&Bankman and all those who supported them. The ones who are quite disappointed now are those who wanted to see Bitcoin below $15k and as close as possible to $10k, although they still think there is still time for that to happen.