EDIT: 31-08-2025! Just felt like bringing this back up for some updates. A new thread on the way soon.
Last update on 16-09-2023: Hopefully everyone has some cash saved and is watching their liquidity. Another dip coming soon, likely down to the 23k range. Happy longing day, folks.
You know, it’s not just about Bitcoin or crypto. All those factors are global issues affecting every sector. Inflation is out of control. While the world was in lockdown, Bitcoin handled itself better than most assets."
But wait, you can’t say it’s just gonna fall forever. You’re acting like it’s a straight line down. Charts don’t back that up, and there are more investors now holding than ever before.
People are becoming more aware of crypto, but there’s still a lot of ignorance. If it crashes after this year, it might be a great buy opportunity. Prices are always bouncing around; just prepare for whatever comes.
Chill, it’s not the end of the world. We’ll recover, just not right away.
Time will tell how this plays out.
And I’m investing in altcoins now, stacked some $SAND. Why? Honestly, no clue, lol. I might be losing it.
Bitcoin started as a decentralized currency back in 2009 based on Satoshi’s vision. Who even knows who that is? But it’s cheaper to transact than traditional options.
Totally agree, BTC is a phenomenon. It’s made some of us rich and built an entire industry. But nobody can predict its future with certainty. Price drops happen, but eventually it tends to rebound. The real question is how long that will last.
The volatility is part of the game. These dips are normal. A bear market is prevalent now, but there will be a bull market again. Just keep your strategy clear on when to sell.
Sure, who knows how it’ll play out? But I wouldn’t expect it to drop like in the past. This time is different, especially with the upcoming halving. Bitcoin’s gonna be more sought after.
Bitcoin’s current price means nothing for its future unless you’re treating it like a stock.
Did Satoshi promise us riches in the white paper? I missed that part.
It’s impressive if you managed to hold onto your bitcoins since 2014. Not many can do that. Best strategy is long-term holding and sell only when you need cash for real life.
We’re not hitting 10k or 5k again, that’s a joke. A drop to 20k-25k might happen for a while though.
BTC is essential. We’re moving away from cash. Crypto will change the world.
Bet a lot of folks never thought BTC would be this valuable. Some probably regret selling early. Now owning 0.1 BTC feels impossible. A drop is natural after two cycles, but I believe we’ll see new ATHs soon.
I get where you’re coming from, but seeing the SP500 and Bitcoin reach new highs doesn’t mean it’s all a bubble about to burst.
Look at stocks like Zoom or Uber, they’re tanking while others push the SP500 up. There’s a real risk here.
That chart you posted shows a bearish pattern based on a 1M time frame. It is what it is, man. Everyone sees trends differently and uses various techniques for analysis. Let’s just see how it unfolds.
Can’t deny COVID-19 impacted us. Remember last year when Bitcoin dipped to $3k during the peak? It wasn’t just crypto, everything crashed. But I don’t think we’re in a bear market right now, despite what the OP thinks.
Nothing’s really changed, bro. BTC’s price has a pattern. It goes up and down. Traders profit on swings, long-term holders stay patient through bear markets. Newbies panic, but veterans know the deal. HODL or risk regret.