Official Bitcoin Thread

[fluid hips]

What happened to all the institutions taking us to the moon and/or not allowing a crash???

Manipulation 101.

Hope people sell to avoid further loses. Once all these people exit the market, they buy them at a discount, the price "magically" rises and they now hold most and are in a position of power

 

[fluid hips]

Thinking we see 19k in the weekend

18 by Tuesday, Wednesday

 

[stuntman mike]

 

[mplsdunk]

So many people are going to get liquidated again. Stable coins are gonna be toast backed by btc too as we’re seeing.

 

[D Double]

Modified my DCA strat at least 4 times this week

With liquidations who know where we will end up. 3AC could kick off the domino effect and if we touch 14K then Celsius is gone.

 

[mplsdunk]

I’m hoping eth hits 500. No idea what to expect though.

 

[BIG LEEMELONE]

Anyone think we'll ever go back to 4 digits?

Back in December

 

[hydeous]

I think it’ll take at least 2 years for everything to go back to mid bull market of last year.

 

[johnnyredstorm]

90-95% from ath’s is where we bottom

 

[essential1]

I got that new job. Last day at my current job is in 3 weeks. Start my new job August 1st.

Going from a Caseworker at CPS to Clinical Counselor and Supervisor at a Homeless Shelter for teens and young adults.

Hopefully get my time payout by August 1. Gonna try to double my BTC and ETH with it.

 

[waukeganwill]

I got that new job. Last day at my current job is in 3 weeks. Start my new job August 1st.

Going from a Caseworker at CPS to Clinical Counselor and Supervisor at a Homeless Shelter for teens and young adults.

Hopefully get my time payout by August 1. Gonna try to double my BTC and ETH with it.

Congrats!

 

[ballinsam23]

90-95% from ath’s is where we bottom

Nah it won’t get that low. Everyone expecting these single digit prices, but it won’t get to that. Thats exactly when BTC reverses when u least expect it and people start FOMOing in again.

2023 we’ll rally 50-75%, next bull market will be in 2024

 

[townbidness]

90-95% from ath’s is where we bottom

What are the numbers?

 

[cs02132]

I think it’ll take at least 2 years for everything to go back to mid bull market of last year.

Need more stimmys for that to happen again

Edit: 10,000th post on NT

 

[smedroc]

Nah it won’t get that low. Everyone expecting these single digit prices, but it won’t get to that. Thats exactly when BTC reverses when u least expect it and people start FOMOing in again.

2023 we’ll rally 50-75%, next bull market will be in 2024

BTC is presently -75% Most alts are already in the minus 80 - 90% range.

I don't see how that projects out as 'single figures'.

 

[hydeous]

Need more stimmys for that to happen again

Edit: 10,000th post on NT

Fed wont print any time soon.

 

[D Double]

Whatever people think the bottom is, I'm going to try and front run it the same way people thought 100K was the top for last year.

Macro factors are in play so it's going to be hard to predict anything. I know people think the interest rate hikes are aggressive now so that they can calm things down later in the year before the midterms at the end of the year. All depends on the inflation numbers and what the FED does.

I think the markets will start to turn once inflation stabilises but it will be a slow grind to the top especially if we hit the depths of hell like 10K from more liquidations

 

[ballinsam23]

BTC is presently -75% Most alts are already in the minus 80 - 90% range.

I don't see how that projects out as 'single figures'.

what would that put the price at? 12-14k?

 

[calibeebee]

$3k BTC AND $500 ETH

 

[smedroc]

what would that put the price at? 12-14k?

-90% for BTC would be 7k.

I don't think it will go that low personally but a lot of folks didnt think we would see sub 20k again either

 

[shorty doo wop]

Gotta start saving so I can buy at these prices lol

 

[shazay]

$14 k is the 786 fib from ATH for Bitcoin and the high in 2019. Could see some support there. Otherwise $11 k would be next major support. Gotta see how the week closes. I already started DCA’ing so it’s whatever.

 

[mplsdunk]

I think we’ll have plenty of time before the next market.

It was the perfect **** storm for crypto last couple years. Stimmys, covid and lockdowns. That isn’t happening again.

 

[Gex the Damaja]

Watching on the sidelines personally, but for those invested, what does recovery look like for this market? Do you expect it to reach peak ever again or surpass peak once the market recovers in a few years time?

 

[Air Champa]

This ain't exactly what people were hoping for when they wanted to see the #1 for the first digit in Bitcoin's value

Gonna get greedy here and hope for$300 eth now.