Still a lot downside to cover for Bitcoin. #lot #downside #cover #Bitcoin


However a great deal downside to go over for Bitcoin.

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Comments (18)

  • recessiontime Reply

    Diminishing returns should mean smaller downsides, otherwise bitcoin as an investment is high risk and low to medium reward.

    November 25, 2022 at 5:33 pm
  • einsteinsmum Reply

    Notice that the crashes are becoming smaller as time progresses. So its a good indicator that we’ve reached near the bottom actually.

    November 25, 2022 at 5:33 pm
  • phemtoy Reply

    this is a bad chart

    November 25, 2022 at 5:33 pm
  • JerryLeeDog Reply

    I think with dismissing returns we will also see diminishing bear market swings too

    Aka slowly becoming more stable

    Will take another 8-12 years to stabilize imo. Needs a much higher cap

    November 25, 2022 at 5:33 pm
  • JohnRandomJohn Reply

    We may not be at bear market low since it is not possible to know for sure. However, I believe that now is most definitely a good point to enter the market or DCA into the market.

    November 25, 2022 at 5:33 pm
  • ThunderTM Reply

    What a bad chart

    November 25, 2022 at 5:33 pm
  • btcoins Reply

    It also only only went 4x previous peak instead of x25 in 2017 or x100 in 2013 so basically you’re calling the bottom

    November 25, 2022 at 5:33 pm
  • CosaInvestments Reply

    If you take the average of all those it’s 85% so $12k would be about the bottom if it does go down that far. That’s not much more.

    November 25, 2022 at 5:33 pm
  • Mektzer Reply

    Probably not going to happen if everybody thinks it will happen.

    November 25, 2022 at 5:33 pm
  • Restart-eth Reply

    Could be stabilizing as fiat dies. will be really cool to see what the future holds.

    November 25, 2022 at 5:33 pm
  • Reach_Beyond Reply

    You might think we are 6% from the 2018 ATH to bear market low, unfortunately percentages don’t work like that. We’d have to fall to like 10k or another 40% until we hit that 84% from ATH.

    November 25, 2022 at 5:33 pm
  • AlwaysReady4444 Reply

    Progress takes many forms

    November 25, 2022 at 5:33 pm
  • Davess010 Reply

    There is definitely a lot of potential downside, especially if you consider the the bad macro-economy. The fact that we are down 78% doesn’t mean we can go another 50% or 60% down. If tomorrow China invades Taiwan or Russia invades NATO terriroty that will certainly happen.

    On the otherside, as others mentioned, diminishing return should also mean smaller downsides. So it’s not guerenteed that we are going down to 84% or lower. We could be in bottom territory now.

    TLDR: Nobody knows, only time will tell.

    November 25, 2022 at 5:33 pm
  • Eislemike Reply

    Jihan determined to attack Bitcoin twice.

    November 25, 2022 at 5:33 pm
  • Expert-Hamster-3146 Reply

    Diminishing returns plus a maturing market mean less volatility

    November 25, 2022 at 5:33 pm
  • givethought Reply

    The bull price was incorrect due to paper bitcoin resulting in artificial supply. But who the hell knows? It’s just my take that we bottomed or are really close. I wouldn’t wait a second to buy if it’s your plan.

    November 25, 2022 at 5:33 pm
  • noahB53 Reply

    So you can see the future?

    November 25, 2022 at 5:33 pm
  • Taxtaxtaxtothemax Reply

    Adoption level and lindyness is relevant to making the case that the downside today should be less severe than when it was just computer nerds and libertarians trading BTC in 2011. Bet you we have some more downside, but I’d be amazed if we got below 8k. That is ‘sell your first-born child’ price.

    November 25, 2022 at 5:33 pm

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