BTC resistance is at 65k and 69k. BTC “might” retrace back to 49-50k and hopefully holds that for strong market structure. That’s when you buy and then HODL. I would NOT try and trade it, hold what you have and buy more if you can afford it, if it dips.
@Snz_BTC It’ll be interesting to watch when the final capitulation hits. He better hope it ends quickly. Doesn’t the flywheel really only work when Bitcoin is up High? I haven’t studied it, but the little bit I have it seems counterproductive. What am I missing?
@Giovann35084111 When a deviation is so huge it’s worthless. Might as well throw a dart at a board. BTC is the easiest asset to predict I’ve ever seen, and you guys can’t do it with all your math. You’re too smart for investing, you overthink it.
@PeterSchiff@GoldBug98824832@saylor@CNBC He just needs to survive through this year, and the Bull market will save him. That’s the highest probable outcome, unless the economy goes off a cliff.
@benjamincowen All the big mouth Bitcoin Bulls are sure quiet lately. They led their followers off a cliff, let’s see what the next excuse for their crappy advice is.
@bgarlinghouse XRP is not the same as Ripple, people need to understand that. Can someone intelligently explain to me why XRP the token is valuable, when it’s just optional and we have stablecoins and many other options? I literally don’t get what people like about it. It’s not Ripple.
@dotkrueger What exactly gets bitcoin to 1 million now that stablecoins are being used for one of the use cases of Bitcoin? Store of value, is that it? We all understand it’s a secure network, but clearly we have diminishing returns. Banks and institutions are involved now, did they screw us
@PeterSchiff Do you agree that Bitcoin is arguably the most secure decentralized network ever built? Of course it is. What’s the value of that? You say zero. That’s not logical at all. You don’t know how to truly value it, and either do I.
@PeterSchiff On the weekly, there’s been a head and shoulders pattern that has been playing out, with the head in November. Nobody has been talking about it, but I’ve been following it. It puts us between 45 and 48K
@benjamincowen They ignore the four year cycle, and miss the top, and the bottom. They love losing money and keep saying bull run until it starts up again and then they will cheer like they are brilliant. It just shows lack of experience.
BTC most likely bounces from 60k, the double bottom narrative begins, side ways chop for a while. Momentum eventually fades, we continue the down trend to the final flush to the actual bottom. Or not.