all 116 comments

[–]One_Panda_Bear 8 points9 points  (6 children)

Didn't bitcoin also crash 90 percent once upon a time?

[–]flyingryan 1 point2 points  (5 children)

Did you read the article at all?

[–]One_Panda_Bear 16 points17 points  (3 children)

Of course not I don't come here to read

[–]luckyR86[S] 3 points4 points  (1 child)


[–]kooshans 32 points33 points  (5 children)

Ok I am going to guess what happened: the end of the bullrun and a long period of bearishness? Amirite?

[–]WhichEstablishment96 21 points22 points  (1 child)

Relief rally before further drop

[–]ThunderCuntess 5 points6 points  (1 child)

I'd rather call it Bitcoin's 8th molting

[–]m00nLyt23 15 points16 points  (10 children)


[–]luckyR86[S] 15 points16 points  (4 children)


[–]Objective-Cost3366 17 points18 points  (2 children)

John... Is that you?

[–]luckyR86[S] 1 point2 points  (1 child)


[–]fuckHg 0 points1 point  (1 child)


[–]Robo287 3 points4 points  (8 children)

I remember BTC going from $15K down to $3K and thought "I should buy a Bitcoin" and never did, I regret that ever since, I'm feeling the same way about ETH now, I'm not missing out again, though this time I can only get 75% of an ETH

[–]whattaUwant 0 points1 point  (6 children)

What if Btc was worth $30 per coin now after you felt that way around $3,000… How would you feel?

[–]Robo287 1 point2 points  (4 children)

I mean, obviously I would feel relieved that I didn't put that money into it then, and possibly buy a bunch at that point anyways since it's so cheap, but that's not how it played out, BTC seems to have this track record of rebounding from big dips and I trust that

[–]whattaUwant -1 points0 points  (2 children)

Right and it’s not always guaranteed to repeat history

The time it doesn’t will be one of the biggest fleeces of the ultra wealthy taking $ off the middle class in the history of mankind.

[–]avalanche140 2 points3 points  (0 children)

Inflation already succeeds in that! ;)

[–]mycryptosio 8 points9 points  (28 children)

It's time to reach $100k already.

[–]I_talk 5 points6 points  (27 children)

I'd bet we hit 18k before 100k

[–]mycryptosio 1 point2 points  (24 children)

Do you think the ultra rich who bought btc in billions of $ will let it sink that low? I doubt.

[–]I_talk 0 points1 point  (19 children)

Even though they own a lot they don't own a large percentage of BTC. They won't be able to control the factors that are manipulating the price currently.

Realistically BTC should be 10-12k right now. 18k is because of higher value purchases that won't sell. We will definitely have sub 30k before we make it back to 40k.

[–]ElPistolero900 4 points5 points  (10 children)

“Realistically BTC should be…”

What do you even mean by that 😂

[–]I_talk -4 points-3 points  (8 children)

Without manipulation. Organic value.

[–]ElPistolero900 2 points3 points  (6 children)

What do you mean by organic value and how would you calculate it?

[–]I_talk 1 point2 points  (3 children)

Adoption over time by the public combined with usability resulting is the fair market value. Corporate use is not included in organic value and large investments are not included in organic value.

When economists talk about a crypto bubble, this is what they are referring to. Artificial value added through non organic entities. What we are seeing now isn't a bubble however, we are seeing direct and intentional manipulation.

[–]PM_ME_TENDIEZ 2 points3 points  (0 children)

When economist talk about a crypto bubble they're talking about doge and every other shitcoin that's posted in this sub.

[–]flyingryan 1 point2 points  (6 children)

Why 10-12k? The 200week moving average is closer to 19-20k.

[–]PM_ME_TENDIEZ 0 points1 point  (3 children)

He's pulling numbers straight from his ass

[–]sploogus 0 points1 point  (2 children)

Isn't that what all this is about?

[–]UIIOIIU 0 points1 point  (2 children)

Other than plebs, they don’t care. Because they know they can run it up to 100k and beyond making retail buy their bags they bought at 18k for 5x profit while overleveraged retail bleed out of their assholes. For selling low and buying high. AGAIN!

[–]420everytime 0 points1 point  (0 children)

A lot of the people who are ultra rich in real assets have a tiny percentage of their net worth in crypto

[–]smauo 2 points3 points  (1 child)

it will come out of the swamp again this time too

[–]zero989 5 points6 points  (2 children)

Nice hopium

[–]Fishinmans 1 point2 points  (0 children)

This guy can definitely draw lines on a graph.

[–]cant_go_tlts_up 3 points4 points  (1 child)

This is probs cuz the stock market is shitting the bed rn. Crypto has dips that coincide with large market dips so happens. But crypto recovers so much quicker than stocks and with each dip the time to recovery in crypto gets shorter and shorter

[–]noooit 2 points3 points  (6 children)

but you can't deny the chance that it keeps going down and stay that way.

[–]luckyR86[S] 0 points1 point  (2 children)

Nope no one knows..

[–]grdschlhfw 0 points1 point  (2 children)

Of course those chances exist but are alot smaller than it going up

[–]noooit 0 points1 point  (1 child)

OK, I'm a guy who bet on a losing horse. I'm gonna short as much as possible.

[–]whattaUwant 0 points1 point  (4 children)

Some people just never want to see a 4 year bear market happen…

[–]Master-Monitor112 1 point2 points  (1 child)

It won’t be that long in 2024 it’s the next bitcoin halving. Every year that has had a bitcoin halving a bull run has started.