@jasonpizzino Overall, and probably looking back in 3 years, yes! BUT, I believe there will be better generational buying opportunities of Bitcoin from now til Oct/Nov.
@Bfranc100@JamesWynnReal People had expendable money during Covid as many were making more from
Unemployment than their actual jobs. Now, after 25+ % inflation since Covid and credit card debt at all time highs, people don’t have money …Or should I say retail has no money for speculation.
Sorry, Dan, I like and appreciate you but just not agreeing with basically anything you’ve been saying lately. From my memory the 2018 low and COVID lows, barely anyone was talking about crypto. The sentiment and emotion was gone. People that were vocal in early stages of bear markets were no longer there. They were down so much that had to find anything else to think about so the depression from all the lists gains didn’t make them sick. We are a FAR way away from those levels. There is too much “hope” that this is still a bull market and will shoot back upwards. When crypto Twitter goes mostly quiet because the hope, in that moment, is no longer there and that’s when the bear markets starts to finalize. The hope scale is still too high which is why there is still so many differing opinions going on. Another 40% drop from here is where I think hope quiets down and the the market will start fresh
@dangambardello I don’t know anyone saying to give up. Simply, be a wise investor! Bitcoin has given us a road map of 4 year cycles and people, that claim to be in this space for many years are saying ignore the road map.
@TomSteyer By now and with technology available, California should have smooth elections but constantly there seems to be issues or delays. If it not retarded people in charge of the process then it’s shady things going on. At this point it has to be one or the other!
@5_betMe@dangambardello Far more people have been saying this was still a bull market until a few days ago. Some still are. So far this is setting up to follow other 4 year BTC cycles like clockwork.
Sell the news events. Everyone knows that is coming and the markets reacted as well when it retested up to 82k from February lows. There is probably a quick spike but after a few days market drop will continue since This IS The 1 year Bear Market during the 4 year BTC cycle. Bear Market bottoms Oct/Nov. it’s very simple. I’m very bullish long term for BTC but reality is this is the 1 year Bear market and not sure if any amount of evidence that shows it would ever convince permabulls that are potentially hurting vulnerable people who maybe can’t afford to have a portfolio go down by telling them it’s a great time to buy!
@dangambardello Most bears aren’t perma-bears. Just people recommending to be patient to buy and wait so can get more for the money. Only a few months left in the bear market!
@no0cash@jasonpizzino Vulnerable people that maybe can’t afford to go into a loss may take their advise to “Buy or lose out” thinking they are going to hit the lottery. There needs to be people giving the other side of the debate to help people not get caught up in something they weren’t expecting.
I can understand what you’re saying when looking at crypto as a whole but in all reality Bitcoin is what the vast majority of people know. Most don’t have a clue or ever even heard of alt other than a handful such as Ethereum and XRP. Basically everyone has heard of Bitcoin by now and that the coin… when people hear crypto they automatically think of Bitcoin. Bitcoin is the driving force and THAT wasn’t in a bear market from the dates you provided above. The reason why 99% of altcoins were in a bear market is simple…Who buys altcoins??? Retail!!! And Retail is broke! Over 70% of people live paycheck to paycheck, can’t afford a $500 emergency if one happens, and credit card debt is at the highest ever in history. The main supporters of altcoins are people that don’t have money. At least the money that was worth 25% more in 2017 and 2021. Inflation has destroyed speculative retail! Bitcoin is now driven by institutions and that why it still had a 4 year cycle tho diminishing returns. Are there some altcoins that will do ok …Of course. Ethereum, Solana, probably XRP and I’m sure some others but let’s be honest. Most altcoins don’t have a use case that has seen large adoption that is used by millions …Most, until the future digital systems gain more ground are simply speculative plays and when a growing percentage of the retail population can’t afford to make speculative gambles, it’s going to be a struggle to get altcoins off the ground at least until something shifts in the economic society. What I think potentially that shift could be is the $2000 stimulus that Trump promised to Americans. They never said it would come in check form…I wouldn’t be surprised if it’s some sort of a digital stimulus from national holdings. If it is $2000 checks to each adult American maybe that will be the injection needed for what I think is the start to the next bull market. 8 months ago Trump said it could come early as this June…Well, we’re there now… I think it comes in October, right before midterms and that then matches up with the exact time frame for bottom of 1 year bear market in 4 year cycle. If stimulus comes in digital crypto form, not sure how I think that could affect markets. Maybe that would lead to a much much lower drop in bitcoin prices than expect as people exchange crypto for cash and then it would be an even more incredible buying opportunity. Either way, the bear market is close to being over and think October lines up with that just like the 4 year cycles in the past.
@ChartingGuy Every Bitcoin bear cycle gives the opportunity to buy 20-25% below 200 day moving average…. When are permabulls finally going to admit it’s in a bear market…34k-45k range?
@BricksWeighedUp@DavidMissimer@BTCBreadMan You might be the one who is a bit retarded. Since you can’t seem to grasp that it’s scientific study., scientific evidence and scientific proof that’s being discussed from my end…not opinions!
It’s not an ai study. It’s Grok giving info “about a study” done at Yale. This particular study mentioned was done by real human scientists. But there are many other studies that have been done as well showing this info! It’s why I chimed in as I just knew you were 100% wrong. I get your position loses a lot of footing by these facts, studies and info but they are what they are. No one needs AI to find this out. A google search and research can be achieved from anyone that “wants” to know.