I have a feeling the crypto bounce is here

[bartosimpsonio]

Call me nuts. All crypto is crashing the past 48 hours. But I think the bounce is here.

Altcoins gonna go up like 100% soon and $BTC probably gain 50% or more

My rationale is : I looked into the reasons for this crash, and it's 100% FUD. There's nothing concrete. AVAX is down 90% on no news.

Do Kwon did his damage and he'll likely pay for it, but that's not the entire reason for this crash. The FED is also draining the swamp.

Anyway, there's a Bitcoin halving in less than 2 years. Last time it halved, price went 10x.

Just my opinion. Do your own research.

 

[praetserge]

And I think bitcoin can go all the way down to $10k.
So who's right?

 

[Luke22]

I have that feeling every couple weeks and then couple days after i hear "buy the dip" and same happening for last 8 months)

 

[spectrejoe]

Call me nuts. All crypto is crashing the past 48 hours. But I think the bounce is here.

Altcoins gonna go up like 100% soon and $BTC probably gain 50% or more

My rationale is : I looked into the reasons for this crash, and it's 100% FUD. There's nothing concrete. AVAX is down 90% on no news.

Do Kwon did his damage and he'll likely pay for it, but that's not the entire reason for this crash. The FED is also draining the swamp.

Anyway, there's a Bitcoin halving in less than 2 years. Last time it halved, price went 10x.

Just my opinion. Do your own research.

US economy is in shambles, and likely will continue to get worse due to inflation and rate hikes = Bad for crypto & stocks
Worlds Political situation is dog shit
Stocks bleed = crypto gets it even worse
Average bear market duration is 9.5 months, we're only 5 months into bear market in stocks & 7 months for crypto
Average bear market dip in crypto is roughly 80% we're still only 60% down since ATH
Average bear market dip in Stocks is roughly 35% we're still only 19% down since ATH
China still having issues with COVID

There's still time left before a possible reversal, also, this cycle was way better and overextended than previous ones so likely bigger drawdown + current situation in US and world seems to be worse than your average bear market so I wouldn't doubt a bear market longer and worse than the "average"

TLDR;
We're still going down more

 

[bartosimpsonio]

And I think bitcoin can go all the way down to $10k.
So who's right?

Volume tells us the selloff is slowing. But you could be right.

I have that feeling every couple weeks and then couple days after i hear "buy the dip" and same happening for last 8 months)

What's your time frame? First time I played around with Bitcoin it was worth a few hundred dollars. So it depends. For some, it's been a nonstop bull market for the past 13 years ( not me, I discovered BTC later).

US economy is in shambles, and likely will continue to get worse due to inflation and rate hikes = Bad for crypto & stocks
Worlds Political situation is dog shit
Stocks bleed = crypto gets it even worse
Average bear market duration is 9.5 months, we're only 5 months into bear market in stocks & 7 months for crypto
Average bear market dip in crypto is roughly 80% we're still only 60% down since ATH
Average bear market dip in Stocks is roughly 35% we're still only 19% down since ATH
China still having issues with COVID

There's still time left before a possible reversal, also, this cycle was way better and overextended than previous ones so likely bigger drawdown + current situation in US and world seems to be worse than your average bear market so I wouldn't doubt a bear market longer and worse than the "average"

TLDR;
We're still going down more

I see the same scenario and I think that's rock bottom. Can't get worse than that IMO. Since markets are really fast these days, everyone already sold off. Who's left to sell?

 

[safeSEOboost]

market is breaking all supports, so good luck!

 

[verwest]

Everything is so cheap right now I wish I had money. I would buy it and wait at least 2 years.

 

[alurosu]

The difference between -90% and -98% is a LOT. If you enter in -98% you'll need +100% to get to 90%.

The BTC halving is a good target, but we can go -50% from this point. 2 years is a lot of time

 

[True Miller]

I bought so many dips that I'm gna wait for a bull trend.

 

[JavascriptPufferfish]

he'll likely pay for it

man i doubt it. i mean, yeah, he may have lost Twitter clout and 25% of his networth or something, but he will be filthy rich the rest of his life, probably face no tangible repercussions, and if he decides to launch a new project, he will still see a lot more success than most people would.
as for the bounce, idk, i already braced myself for 2 or so years of hibernation. will learn some swing trading in the meantime. but you may be right too. i kinda hope for 1 year of stuff laying low.

 

[daverawcus]

Defo more downside IMO

 

[TomTheCat]

The selling just started, and it will be like this for the next 3 months.

 

[Chris Newman]

Bitcoin will nose dive to below US$12,000 in a few months from now and it will remain there for the next 2 to 3 years, so there is no need for any panic, because Bitcoin price is super predictable.

 

[Songhort]

As long as the fed keeps raising interest rates, as long as the inflation doesn't drop, we'll stay in a risk-off environment which means that BTC will probably continue to dip and Alts will continue to bleed against BTC. Don't see a bull run until the macro situation changes fundamentally. But we'll certainly see some small bounces here and there.

 

[ADA Lovelace]

Not in short term. Maybe we could see a rise in the prices, but not a constant rise and will be accompanied by another drop. As a said some months ago, not good expectations this 2022 in cryptos. But we continue seing advances and developments and there are politicians that are helping cryptos with regulations laws like Lumis bill. So i thinks we are in a good moment to buy and hold, buy and hold.


By the way, don't listen people predicting a crash or say we will go to 10K.
Still there are people that think that earth is plane, it is easier to criticize something than to spend some of your time learning.

The dogs bark, but the caravan goes on​

 

[mrbossy]

At this year end , we all gonna get richy rich !

 

[bartosimpsonio]

man i doubt it. i mean, yeah, he may have lost Twitter clout and 25% of his networth or something, but he will be filthy rich the rest of his life, probably face no tangible repercussions, and if he decides to launch a new project, he will still see a lot more success than most people would.
as for the bounce, idk, i already braced myself for 2 or so years of hibernation. will learn some swing trading in the meantime. but you may be right too. i kinda hope for 1 year of stuff laying low.

Not so sure about that. Unless crypto hadn't evolved at all from the MtGox days.

I'd like to know the status on the BTC funds. Anyone know? Addresses txs? Should be possible to trace those, like the MtGox ones.

The selling just started, and it will be like this for the next 3 months.

Is 3 months an arbitrary guess? Or is there some reason for it (fed or so on)?

Bitcoin will nose dive to below US$12,000 in a few months from now and it will remain there for the next 2 to 3 years, so there is no need for any panic, because Bitcoin price is super predictable.

The selling volume isn't so high. So unless nothing new happens, like another war or Do Kwon, there probably shouldn't be so much selling pressure.

 

[TomTheCat]

Is 3 months an arbitrary guess? Or is there some reason for it (fed or so on)?

Arbitrary guess. Let's think what most people do when they have a lot of cash? Spend. Cars, yachts, jets and everything that comes with them. What happens when they run out of money? They come back and do what they do the best - market manipulation, which will result in new shitcoins, new ATH for BTC and etc.

 

[xReminisce]

Crypto been bleeding hard for the past 6-7months
I do wish that bounce is here though

 

[JavascriptPufferfish]

Not so sure about that. Unless crypto hadn't evolved at all from the MtGox days.

i think the closest thing to "justice" we could get is some poor soul who lost everything taking a huge loan to get into the same restaurant as Do Kwon and stabbing him in the throat with a spoon. not saying i want someone to waste his life like that but, i sometimes wonder if the world wouldn't be a more reasonable place if we started to make a few sacrifices to put the fear of god into these untouchable guys every now and then.