/biz/ - Business & Finance

>>57721276
Meh

So why would it go down to 23k? Last drop was about 75% and from 160k that would put us at 40k. Also the next bear is likely to be less of a draw down so lets estimate 50k as a better bottom.

>>57721276
It's gonna hit that 2 months, dumb nigger.

>>57721317
Consistent gains is all anyone is ultimately looking for. The coins you can earn 10-100x on by gambling on are a nice side distraction but your two digits away from roping yourself the moment you invest too much or too little into one.

>>57721336
I base that on the fact that bottoms can and seem to sometimes go beyond the average as seen in 2014. I believe the first time BTC pushes close to $200k will generate a violent sell off.
Psychologically hitting 6 digits is the first stage of the bull run as seen in previous cycles when ATH are broken twice at different places. The first increase in digits, from 2 to 3 and 3 to 4, and so on - followed by the FOMO rush to the top.

>>57721377
Every cycle has had a lesser draw down and theres no reason to think that trend wont continue with the etfs,

>>57721276
>$23,000
too low nigga
in last bear market btc dumped from 69k to 15.5k so 77% dump

if it will hit 160k then bearmarket dump will be around 35k

>>57721377
>2014
Lmao are you cherrypicking a year?
You’re just gonna ignore the years after that?

$160K will be pretty underwhelming considering north of $100K should've been the target in 2021-2022 had the whole financial market decided to nuke

I feel like 2025-2026 should compensate on how weak previous bull was and shoot BTC straight to $350K

>>57721456
Potentially due to inflation, yes.

My prediction of $23k might seem too low and it may be, but I also think a global recession and a larger European conflict could disrupt things more than anyone could anticipate.

>>57721497
that person is being a total loser bro you can't predict what's gonna happen it's a total crapshoot you know what you can predict though that wcdonalds is gonna giga pump i work at mcdonalds and i can confirm we are launching a wcdonalds secret menu on the blockchain with the wcdonalds token ticker (wcd) we're gonna make burgers money fries and our new signature wc sauce which is actually just a mix of ketchup mustard and mayo

>bitcoin bottom in December 2018: $3,184
>bitcoin top in November 2021: $69,000
how is this a 10x?

>>57721276
>My positions are 1 BTC, 3 ETH and 5000 KAS
Since u know btc is only gonna do 3x for the rest of this bull run why aren't you all in kas yet

>>57721638
Wtf is that webm?

>>57721557
You are reading it wrong. The last bottom before the one in 2023 was in 2020 at $6600.

>>57721276
gayest position ever, diversify in depin retard