Guest Posted January 21, 2022 Share Posted January 21, 2022 14 minutes ago, MQB said: Is there even a single utility coin that is actually in use? or just some with such narratives? XRP, XLM, ALGO, HBAR, ETH, etc (via JPM Coin/ConsenSys) etc but of course none of them have valuations anywhere close to actual utility. Link to comment Share on other sites More sharing options...
Eric123 Posted January 21, 2022 Author Share Posted January 21, 2022 Down Trend Line is not letting Bitcoin out. I bought more Bitcoin and Litecoin last night. Yesterday there was: a Congressional Hearing on Bitcoin's engergy use. (Which I mainly watched, it wasn't bad) Crypto.com Hack A proposed ban on Bictoin from the Russian Central bank Eh. Hashrate hit an ATH yesterday. I keep buying. 7 hours ago, NMNR said: @Eric123doesn't this BTC price invalidate your targets? I don't have downside prices that invalidates the target for this bull cycle. I think if we don't get the big run in the first 4 months or so of this year the whole model will need to be rethought. Lengthening cycles? Maybe. DannyRipple 1 Link to comment Share on other sites More sharing options...
Coingecko Posted January 21, 2022 Share Posted January 21, 2022 47 minutes ago, Eric123 said: I don't have downside prices that invalidates the target for this bull cycle. What if Bitcoin sets a new low below the mid July 2021 low (sub 30k)? In my opinion this would be the indicator of the end of the bull market. Link to comment Share on other sites More sharing options...
Xrpdude Posted January 21, 2022 Share Posted January 21, 2022 1 hour ago, Eric123 said: Down Trend Line is not letting Bitcoin out. I bought more Bitcoin and Litecoin last night. Yesterday there was: a Congressional Hearing on Bitcoin's engergy use. (Which I mainly watched, it wasn't bad) Crypto.com Hack A proposed ban on Bictoin from the Russian Central bank Eh. Hashrate hit an ATH yesterday. I keep buying. I don't have downside prices that invalidates the target for this bull cycle. I think if we don't get the big run in the first 4 months or so of this year the whole model will need to be rethought. Lengthening cycles? Maybe. the whole 'model' lol, how many times must it fail before you 'rethink' - you're wrong as much as you are right. Calling for 400k btc (facepalm) Link to comment Share on other sites More sharing options...
Eric123 Posted January 21, 2022 Author Share Posted January 21, 2022 1 hour ago, Xrpdude said: Calling for 400k btc (facepalm) Yeah that's right. $400k this cycle. DannyRipple 1 Link to comment Share on other sites More sharing options...
Eric123 Posted January 21, 2022 Author Share Posted January 21, 2022 3 hours ago, Coingecko said: What if Bitcoin sets a new low below the mid July 2021 low (sub 30k)? In my opinion this would be the indicator of the end of the bull market. Yes I would think if that were the price in July (I assume you mean 2022) that it would mean either: The peak was already reached for this cycle or Bitcoin's price has entered a new phase and the cycles no longer apply. (though I have a hard time believing that the halvings will not continue to have a significant impact on price.) dtpace and Baka 2 Link to comment Share on other sites More sharing options...
xrp-nuke Posted January 21, 2022 Share Posted January 21, 2022 2 hours ago, Eric123 said: Yeah that's right. $400k this cycle. This cycle! What a nice abstract things? Any dates of mystical cycle? Link to comment Share on other sites More sharing options...
xrp-nuke Posted January 21, 2022 Share Posted January 21, 2022 4 hours ago, Coingecko said: What if Bitcoin sets a new low below the mid July 2021 low (sub 30k)? In my opinion this would be the indicator of the end of the bull market. More thab 50% is not the indicator of end bull market, is indicator that you missed at least 40% of bear market. Link to comment Share on other sites More sharing options...
Eric123 Posted January 21, 2022 Author Share Posted January 21, 2022 10 minutes ago, xrp-nuke said: This cycle! What a nice abstract things? Any dates of mystical cycle? (Mystical) Cycle - It is no secret that bitcoin's price moves in cycles. I don't have a specific date for when bitcoin will reach it's cycle high, but the bull run should be near to over when the price is around $400k. Owning Bitcoin at this stage in it's adoption is not for everyone. A lot of people cannot take the volatility. The price will eventually become more stable at higher valuations. People will probably feel more comfortable buying bitcoin when it is in the $Millions and moves less than 1% in a month. dtpace 1 Link to comment Share on other sites More sharing options...
BillyOckham Posted January 21, 2022 Share Posted January 21, 2022 I screwed up. My argument that BTC followed stocks for at least three months was based on my stupid mistake charting. I’d forgotten to change the interval, so the chart, instead of showing three months, was a fifteen minute chart showing only the tight coupling of the current drop. Sorry for the misinformation. I’ve edited the original post to show my error. I am unable to strikethrough the text because I’m on mobile. Link to comment Share on other sites More sharing options...
xrp-nuke Posted January 21, 2022 Share Posted January 21, 2022 15 minutes ago, Eric123 said: (Mystical) Cycle - It is no secret that bitcoin's price moves in cycles. I don't have a specific date for when bitcoin will reach it's cycle high, but the bull run should be near to over when the price is around $400k. Owning Bitcoin at this stage in it's adoption is not for everyone. A lot of people cannot take the volatility. The price will eventually become more stable at higher valuations. People will probably feel more comfortable buying bitcoin when it is in the $Millions and moves less than 1% in a month. Really? 🤣🤣🤣 You do not know when but you do know ATH price, sounds very "confident"! Why not 1M for this cycle? Or 69k? Or 230k? Lets be honest, there is no liquidity for all Bitcoins at 38k and noone knows the real liquidity capacity. Therefore people its best, sell before it late. Its easy to feed with the story that lower self eastim "oh stupid you sold it", but realised profit is what matter at the end of the day, not the story: "One day cycle will end at 400k" Babelly 1 Link to comment Share on other sites More sharing options...
Xrpdude Posted January 21, 2022 Share Posted January 21, 2022 4 hours ago, Eric123 said: Yeah that's right. $400k this cycle. hmmmmmm, now you're sounding deluded - or worse Link to comment Share on other sites More sharing options...
NMNR Posted January 22, 2022 Share Posted January 22, 2022 12 hours ago, Xrpdude said: hmmmmmm, now you're sounding deluded - or worse Everyone is entitled to their opinion but btc to 400k is not happening at all under any circumstances. Hash rates don't mean anything. Xrpdude 1 Link to comment Share on other sites More sharing options...
NMNR Posted January 22, 2022 Share Posted January 22, 2022 13 hours ago, BillyOckham said: I screwed up. My argument that BTC followed stocks for at least three months was based on my stupid mistake charting. I’d forgotten to change the interval, so the chart, instead of showing three months, was a fifteen minute chart showing only the tight coupling of the current drop. Sorry for the misinformation. I’ve edited the original post to show my error. I am unable to strikethrough the text because I’m on mobile. Charting is nonsense any way. Happens to the best or us. BillyOckham and Xrpdude 1 1 Link to comment Share on other sites More sharing options...
Xrpdude Posted January 22, 2022 Share Posted January 22, 2022 3 minutes ago, NMNR said: Charting is nonsense any way. Happens to the best or us. so true, the sooner everyone gets this into their heads, the better. Link to comment Share on other sites More sharing options...
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