/biz/ - Business & Finance

9K REJECTION
SEEEEEEEEEEELLLLLLLLLLLL

>>18755307
Anywhere from 2 to 5k. Those quick flash capitulation wicks happen fast.

Ross Ulbritch (certified oldfag) predicts 3k, then 100k+.

As another oldfag, this is line with my thesis: That we still have way too hopium. A 3k post halving would be brutal and liquidate the remaining non-hodlers of last resort as well as kill altcoins, so the next rise would mean 80%+ BTC dominance, in other words a healthy rise. The fear of "if BTC goes below X after halving its dead" would also go away because it will survive, but somehow retards think "BTC stops being profitable below X price". The triple monster resistance at around 8k area will be the begining of the last capitulation. Once Bitcoin is dead articles start popping and everyone is frustrated, you go all in.

Oldfag here that went throught 2 halvings. I honestly don't like this. This may be the first time we hit a lower low post-halving. That would be a brutal bottom that would get rid of permabulls and moonboys on Youtube. I can't help but cringe at all those casuals with their clickbait thumbnail spamming videos. Those guys need to capitulate, a lower bottom post halving would be brutal and would finally kill altcoins as well. After that, I would feel safe going all in. Right now, I can't even be sure to put 10k on it "Just in case due pre-halving". Also, proving Bitcoin can survive a lower low post halving would set a extremely bullish case in the future, since a lot of people think it would be the end of the world (it wouldn't) and this constant paranoia would be there.

When you still have a bunch of idiots thinking they can get rich with their pretend Bitcoin, clickbait all over social media and so on, you already know Bitcoin is not ready for prime time. This sheep has to be removed before real money comes, and if real money sees a margin in liquidating a bunch of idiots back to $2.8k they will.