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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:Anonymous Coward 85124481:MV81Mjc0MzUyXzk4NDk1MDQzX0JGNTUyRjY1] [quote:Anonymous Coward 84671146:MV81Mjc0MzUyXzk4NDk0OTg5XzQ0NThENTlE] [quote:Anonymous Coward 85124481:MV81Mjc0MzUyXzk4NDk0ODI2XzJGQ0E0QUIx] [quote:Mr Cheese:MV81Mjc0MzUyXzk4NDkyNjIzXzcwNTVDQ0U4] two things that makes this interesting... is this shows bitcoin making a major top in march 2024... and making the final top in november 2024. everyone expects a crash in march 2024 because of it being the march before the next u.s. election and the fact that bitcoin often follows a 4 year cycle. i believe that's wrong. i believe that the final crash may be coming... in about two months. [/quote] march 2024 is when the coin halving will probably happen, cutting miner income in half. 330k annual coins to 165k. if whales get the price into $30k - $60k, it puts miners into positive cashflow until goes negative again by halving the income. and bitcoin should be sucking about $200 terawatts by then. [b]Like i said, bitcoin dies in its current state, it's guaranteed at this point. energy use is exponential while income halves at regular intervals. dead. just a matter of time.[/b] [/quote] This guy gets it Miners are getting liquidated & it is more expensive than worth it to mine, more profitable to sell their graphics cards & PC components & get out while they still can No, lightning network will not fix anything, it just doesn't scale. It cannot handle transactions, network gets clogged, high fees render it useless. Zero use case, utility or value- just another ponzi scheme It was never meant to succeed, bItcoins job was to introduce the ideas of digital value/currency & blockchain to the public to prime them before CBDCs & the useful digital assets bring in the new digital financial system which the banks have been building behind the scenes for decades CTO of Ripple david schwartz first blockchain patent goes back to 1988, he worked at the NSA- it's all planned out Since its job is done, Btc will be put out to pasture. You are trying to make gains on some antiquated tech while the future is staring you in the face... [/quote] ive written software for 33 years. Bitcoin in its current state can't survive. it's simple math. they have to ditch the consensus mechanism. but the purists will scream it's centralized! but the lightning network already centralized to a large degree. but they don't know math. p2p must fail at scale and p2all p fails faster. [/quote]
Original Message
15.6k is not the bottom.
Crypto will bottom when we repeat the march 2020 "covid pandemic" market crash. Politicians will use this "emergency" to begin their money printing and cause assets to begin their bullrun.
We are not bottomed yet.
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Original first post below
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Thought I would log in under my account because my last post was as an anonymous coward.
Anyways.
I told you xrp would dump at 1.70 last year down to 50 cents. I was perfectly correct while you all flamed me for months.
I told you 69k was the top for bitcoin and you all flamed me for months.
I told you 48.2k bitcoin would resume the bear market due to a bearish gartley harmonic, along with hidden bearish divergence on the daily RSI, classic bearish divergence on the daily macd, 3day RSI trendline resistance, 400 day moving average resistance and 200 day moving average resistance. I told you this on march 29th the DAY bitcoin hit 48.2k. If you can't tell, i'm fucking proud of this one. Told you bitcoin would come down to 20-24k back then.
And i've told you that we are not bottomed yet. I told you 17.5k was not the bitcoin bottom. I told you multiple times.
This won't bottom until everyone is hopeless.
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