I know Bulls, Im sick out it too. I'm sick of all fud, and the haters that made no money last year walk around like experts because Bitcoin finally crashed and, they "told you so". I didnt want to believe it either; i didnt want to believe the "bubble" was real and it finally popped. It hurts my poor little bullish heart to say it, but the haters were finally right this time. After the breach of the support @ 8k, i knew this wasnt just the normal 50-60% correction we were use to. And like many, I'm sure many of us got stuck holding those 50% discounted bags. However, rest assured, these bears will eat their words sooner than they think, and we will be back on our way to the moon again.
Above I have laid out a comparison between BTC & The DOTCOM Bubble. I felt it was only right to compare a bubble of this magnitude to another bubble of similar global attention and similar influence. I did not feel a comparison to one of btc's previous bubbles could map out the uncharted territory we currently find ourselves journeying through. Although on different timelines, it is evident, crypto with the help of the social media boom, is moving exponentially faster. Thus, what took the DOTCOM bubble years to recover from, I believe Bitcoin & Crypto can recover from in under a year.
With that said, there just isnt much upcoming news for btc in particular, thus i have noted the dates of the upcoming G20 meetings on my chart as possible catalysts for price movements. I feel now after garnering global attention, btc will have to endure many hurdles before we can amount the confidence to continue our next bull run. Many of these hurdles will regard regulation and how many of these countries financial leaders choose to approach crypto. If these meetings lean in favor of interest for crypto, and lack hostility, I can see this having a positive effect on bitcoins price. However, any regulation placed without the utmost care could hurt btc's growth and scare away possible new investors.
For those of you who bought too soon and still have money to invest, I would suggest placing very low buy orders @ 3kish & under to try to dollar cost average out your portfolio a bit more. That way when btc does start to make a run, you will not have to wait for btc to pass your original buy in price to start making money again. #HODL
But why 3k? The floor in my opinion is 3k. it is our first real run up away from the normal ranging btc price of 500-1500 prior to 2017, and a sturdy foundation to cushion btc's fall made evident by the amount of times price has touched this level.
Other Catalysts to watch out for but not mentioned are, Tether (if rumors are true and tether is indeed printing money without sufficient funds before the market has an alternative), and Stock Market Instability. It is no secret, the stock market will eventually crash again; when? its anyone guess. But even instability in this market could attract new investors as a hedge against these tradition investment institutions.
Will you buy it for 1$? 1 coin, few? More? All available? You are tired of smth, I am tired of the “discount lovers”. The current price is very cheap for him. He looks on btc like you checking the DOGE, some one use btc like you use DOGE. Do you check the price of the air every hour? Do you care how changed capitalisation of something that you buying without checking renting? Interest is all you care, where the money is only an instrument 0.1a the btc is an instrument too but 1.0. When something have an maximum amount all you need is a patience. Please make next chart dot com bubble vs Mona Lisa bubble, now you have one more bubble. Will you buy Mona for 1$?Take your time, I am sure the first thing that you check is how much btc left.
Woolf_
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@WaldemarwalD, lmao you sound painfully salty. Instead of being so mad and jealous, why not just buy the bottom and hold like the rest of us. Also, you are not very literate, you should take more time to articulate yourself properly, could go a long way, just my advice.
WaldemarwalD
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@Woolf_, do you see a big difference between 6.5 and 1$?
After you saw that 80% of coins are gone. Imagine that you sell all btc. Tomorrow you woke up an saw the price 300k, do you buy? One more day 500k, no? 3rd day 1kk, you are the strong person I like it. 4rd day news “Antminer A5” 5kk btc. You don’t care about the numbers right? When you will sell the price will be set by you. The part of btc that was cut by you from the internet will not change the owner. It is a part of you. Today isn’t popular to sell your soul for the paper money. There too much empty people that are living one day life trying to get the new paper. You can burn in the fire 100 paper bucks without any emotion. But every time when something happens with your not the financial hope your emotions always new, like it never happened before. Check the new charts, you will be surprised how many brothers Posted your Unique vision, and all of them answered on the same comments;) don’t be mad, I won’t disturb you anymore
Woolf_
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@WaldemarwalD, No bro, why would i sell a dip? I BUY the dip SELL the top. OBVIOUSLY. Did u just drop mushrooms or something, are you trying to say i shouldnt see a difference between ONE dollar & SIX THOUSAND FIVE HUNDRED DOLLARS? yes its, true all money has no intrinsic value, like alot of other stuff. but its about the what the collect values said asset as, not me. it doesnt matter how many mushrooms u eat, btc will never be 1$. Good day sir.
WaldemarwalD
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@Woolf_, 1c vs 6,5c = 1$ vs 6.5$ = 1k$ vs 6.5k$. Anyway. Have a nice day.
webecrypto
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It's not gonna fall that low guys there's too much support
Woolf_
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@webecrypto, I hope you are right sir. I look forward to both results. I am well prepared for both.
UnknownUnicorn1024359
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really nice work
my buy target btc is around 1500,because previous high 2014.will it hit what you think?want to buy a ton of hit
Woolf_
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@GordonGekko33, its possible, depends how long this bear market continues. But a real battle is going to take place @3k, but then something very dramatic is going to have to happen to beat bulls out of that position. i would layer your buy orders from 3k and down. if it doesnt hit, no worries.