Is Bitcoin going to zero?

[Neeranam]

1 minute ago, Sparktrader said:

1987 crash

1994 correction

2001 correction

2008 crash

2015 correction

2022 correction?

2029 crash??? (100 yrs from 1929 crash)

 

 

Anyone spot the trend???

 

I

 

no

[Sparktrader]

1929 crash

1979 correction

2029 crash?

 

2029 you got 50 and 7 year cycles coming together. Mother of all crashes.

[Hummin]

2 minutes ago, Sparktrader said:

1929 crash

1979 correction

2029 crash?

 

2029 you got 50 and 7 year cycles coming together. Mother of all crashes.

The big bang

[Sparktrader]

1 minute ago, Hummin said:

The big bang

New solar system!

[Sparktrader]

Sell shares dec 2028, wait on Isaan porch for 11 months drinking beer. Nov 2029 buy in again!

[stoner]

2 minutes ago, Sparktrader said:

Sell shares dec 2028, wait on Isaan porch for 11 months drinking beer. Nov 2029 buy in again!

ill buy your bitcoin shares. 

[Sametboy2019]

1 hour ago, Mark Nothing said:

Yes.  Bitcoin and all the others are going to zero.

 

Central bankers and governments will not allow competition with existing currency and the impending full implentation of central bank digital cash. The goal is to fully eliminate cash and track all incomings and outgoings.

 

 I think bitcoin was an experiment funded by central bankers to determine best methods prior to worldwide rollout.

 

The carnage will lead to the illusion of central bankers and governments saving the day and protecting citizens from never getting fleeced again.

Do some more research. All others are not. A small few will be used for the new financial system

[CartagenaWarlock]

44 minutes ago, Boomer6969 said:

currency should reflect the strength of the economy

Currency just like any other commodities reflect the demand and supply. If demand is more that supply, the rate goes up. And yes indirectly is related to the strength of the economy because a stronger economy attracts more investors and investment raising the demand.

[Dan O]

your lack of financial understanding shows clearly you cant compare stocks and other financial instruments to bitcoin and the like as there is nothing backing them that holds any value as there are in other financial instruments. Their only value is the the ponzi scheme that another person will pay you more and that cycle drives up the value artificially. In every market crash if the value of the underlying assets of the instrument can be sold off, even at a reduced value there is still some value behind the instrument. if the assets supporting it lose all vale the instrument evaporates.  

[shdmn]

42 minutes ago, Neeranam said:

no

I wouldn't be so quick to dismiss his....umm...logic.  I chopped the head off a chicken and watched it run around and the pattern lines up with the math!   

 

I told my astrologer about it she said that my aura shows that there is definitely a great financial event happening to me in 2029.

[rattlesnake]

Nobody knows what the "real" value of Bitcoin is. For what it's worth, my opinion always has been that all crypto backed by nothing is ultimately worth nothing.

[worgeordie]

55 minutes ago, Neeranam said:

 

Of course it won't go to zero. 

 

Personally, I think the bottom is in at the prior all time high in 2017, 19k.

 

I don't think there will be new all time highs until Dec, 2023.

You said you bought at 23000 $ , and were going to buy more if it

dropped to 20,000 $ , they are below that now, did you manage to

buy many ? , good luck

regards worgeordie

[Neeranam]

21 minutes ago, rattlesnake said:

For what it's worth, my opinion always has been that all crypto backed by nothing is ultimately worth nothing

How many years have you said that bitcoin is worth nothing?

[Hummin]

54 minutes ago, Sametboy2019 said:

Do some more research. All others are not. A small few will be used for the new financial system

Why do you believe any of those established cryptos would be part of the new financial system?

 

If there will be a new financial system, every "coin" will be new coins, new system backed by governments. 

[dj230]

People tend to forget the bigger the pump, the bigger the dump, with the whole crypto craze all those buyers are going to be liquidating their positions, hundreds of millions of people hitting sell.

 

18k is the first support level, lets see if it can at least hold that over the weekend before more dumping 

 

on the bright side oil is rolling over, inflation rolling over and 10 yr yield is rolling over, great time to buy stocks (not meme stocks)

[rattlesnake]

1 hour ago, Neeranam said:

How many years have you said that bitcoin is worth nothing?

Never believed in it, even back in 2017 when everybody was raving about it (and other cryptos). Since 2008 I am convinced that wealth should be invested in tangible assets, namely gold and real estate. Nothing has made me change my mind since, quite the contrary.

[Sparktrader]

49 minutes ago, dj230 said:

People tend to forget the bigger the pump, the bigger the dump, with the whole crypto craze all those buyers are going to be liquidating their positions, hundreds of millions of people hitting sell.

 

18k is the first support level, lets see if it can at least hold that over the weekend before more dumping 

 

on the bright side oil is rolling over, inflation rolling over and 10 yr yield is rolling over, great time to buy stocks (not meme stocks)

Stocks are 20% overvalued compared to avg pe ratios

[Sparktrader]

21 minutes ago, rattlesnake said:

Never believed in it, even back in 2017 when everybody was raving about it (and other cryptos). Since 2008 I am convinced that wealth should be invested in tangible assets, namely gold and real estate. Nothing has made me change my mind since, quite the contrary.

Gold has been a dog since 2012

[pomchop]

There certainly seems to be a lot of kool aide drinkers about that will believe just about anything.

 

Maybe cheetoh will start pushing bit coin to con his loyal cult into giving him more $$.

[FritsSikkink]

3 hours ago, Sparktrader said:

2 times 7 is 14

3 times 7 is 21

 

Lol

A 7 year cycle is  7, 14, 21, 28, 35, ..... not skipping parts of it. 

[FritsSikkink]

4 hours ago, Sparktrader said:

37% down oops

Going down the drain even more 1592 million now (40%)

[FritsSikkink]

3 hours ago, Neeranam said:

 

Of course it won't go to zero. 

 

Personally, I think the bottom is in at the prior all time high in 2017, 19k.

 

I don't think there will be new all time highs until Dec, 2023.

Wrong 18 247.11 now

[Sparktrader]

8 minutes ago, FritsSikkink said:

A 7 year cycle is  7, 14, 21, 28, 35, ..... not skipping parts of it. 

And since 1966 there has been a 7 year cycle.

 

1966,1973 etc

 

 

[Sparktrader]

4 minutes ago, FritsSikkink said:

Going down the drain even more 1592 million now (40%)

14k next support

10k

4k

 

 

[FritsSikkink]

3 hours ago, Neeranam said:

My expert told me to dollar cost average in at $21,000.

 

When it rises to 200k in 2 years, it won't matter if you bought at 21k or 19k.

 

The same expert told me to DCA when BTC had fallen from 19k to 3k in 2018, great advice. 

Is this you expert: Michael Saylor (MicroStrategy) Portfolio Tracker (saylortracker.com) ?

[Sparktrader]

People lose on coins

They then sell stocks to get cash

 

Stocks could get hammered next week

[Hummin]

Another reason to not buy Bitcoins, there is no holidays, you have to pay attention 24/7

 

 

[KhunLA]

????

[Sparktrader]

Btc to 3c! Im buying 1000

[dj230]

1 hour ago, Sparktrader said:

Stocks are 20% overvalued compared to avg pe ratios

Lots of Mega caps and growth stocks already at March 2020 bottoms, so unless they were overvalued during a market crash in 2020 then they aren’t overvalued now as their revenue and earnings are even higher.