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3 years ago in Proof of Brain by coininstant (69)
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BTC generally hasn't gone below its previous cycle's ATH so far, so I don't think 12K is likely.
Generally means just that, most of the time with few exceptions! But I see where u are getting with that. That's good to know, this prediction was what the twitch streamer on that channel has been pushing, maybe he doesn't know about this super cycle thing. I was just bringing the possibility to light. I still got BTC, I just found some old coins in my old bitty, yay! lol
History usually repeats itself until it doesn't. For the most part, despite the large correction, the overall pattern still holds for the bull cycle.
Of course, for us who have been in the space for years, it doesn't really matter since we are still wayyyy up from the last bear market.
I tend to ignore Twitch streamers or YouTubers that suddenly jump on crypto. Many of them have probably been in the space for less time than we have.
I say we just hodl for now.
Yeah I just like to scare everyone and cause as much controversy as possible I guess, got a lot of comments so must be working. Haha!
To tell the truth I am thinking we will skip the bear market and pump for a few more years!! sssh
We shall see.
Please not drop that much lol. !LUV and !PIZZA and !invest_vote
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12K would be what i call the "Santa Claus Buying time"
Do you have a clue why is happening? Do you know how Bitcoin fly like an unstoppable? Why now?
I do have a clue, China is trying to liquidate Justin Sun because he holds tons of BTC futures and they were in cahoots with exchanges to get this liq done. He had a huge margin call friday and made the deposit with 10 minutes to spare. As long as Justin Sun stays liquid should be fine. That was the rumor my friend told me.
thank you very much for the exchange ,have a nice day and great trading
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thank you very much for sharing information, have a good day and a great mood
Woooww! 12K is coming! I'm very excited about this..This fills oxygen in me 😄😄
It might, but most likely 20k would be the last obstacle. Any lower tonight and it looks like we're gonna test something with a 2 handle on it!
Doubt think we will ever see such prices for BTC again.
But BTC at 12k will be really disastrous for the market in general
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I think we wont see prices so low. Not because I think BTC is the best but because the USD is worth a lot less than it was in ´17. So, 20k is a much more realistic low, IMO.
O.K. Point taken, smart observation!
So this chart below shows the Dollar looks like it's about to fall off the cliff, so that could very well be the bottom again right here. The trend has been to bounce between 28k and 50K, so hope you're right because I do still have a lot of crypto, I just am weary about going big into it this time. Maybe I should, starting to look that way! Thanks!
Looks like DXy next stop 75!
If BTC does go down that low, it will be the steal of the century!
Remember that in 2017 there was no hedge fund manager publicly holding BTC nevermind for his clients. So the 9k floor is no more. I don't know what the floor is. As something just for hedge funds, the current blocksizeb ought to be enough for hedge funds
Or much lower
It was going to come at some point. Although I've got my doubts it will touch 12k.
12k does look possible and it will still be about 30% higher than the low from a year ago in May 2020. Now that's crazy.
Everyone who has Bitcoin users is worried about the way Bitcoin is going down at the moment but I have learned a lot from your post but I think Bitcoin will soon lose its value and ETV will lose its value for a long time.