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File: 142 KB, 382x390, 1558621841465.png [View same] [iqdb] [saucenao] [google]
17829638 No.17829638 [Reply] [Original]

At what price does bitcoin go from being a great buying opportunity to being so low that it's unlikely to ever recover?

>> No.17829803

No such thing fren. But its about to pump hard so why even have those thoughts?

>> No.17830339
File: 13 KB, 631x758, 1345606456713.gif [View same] [iqdb] [saucenao] [google]
17830339

>>17829803
don't lie to me

>> No.17831266

>>17829638
If it goes below the $3k-$4k range, it's going to destroy all confidence in BTC because the value proposition (store of value) is proven to be 100% false.

>> No.17831293

>>17829638
4.3k.

>> No.17831307

>>17829803
>its about to pump hard
you poor fool. This is no longer a safe buy zone for btc. It's out of the stock to flow model. This shit is dying. I almost own 1 and bought at 6-10k. I dont want it to die, but this shitty virus is killing btc

>> No.17831333

>>17829638
As long as it has utility, the price will reflect that.

>> No.17831404
File: 121 KB, 900x900, 1572472556998.jpg [View same] [iqdb] [saucenao] [google]
17831404

>>17831307
Post your faces when your btc bag started coofing..

>> No.17832246
File: 48 KB, 797x461, file.png [View same] [iqdb] [saucenao] [google]
17832246

>>17831266
I could see us taking out the 3100 low and baiting weak hands to panic sell before rallying hard though. I think for us to have any bullish hopium, two things have to remain true:

>3k doesn't become resistance
>we don't close below the 1800 low from 2017

So to me, pic related "could" still happen and I would be comfortable accumulating more bitcoin. Maybe I will be a pink wojak bagholder though. It just seems like if pic related was a 15min chart rather than a 1 week chart, I wouldnt be convinced it was going to dump to 0 unless it didn't strongly react from that green box region.