Bitcoin 10 year chart

That chart is useless.

Change it to logarithmic and paints a completely different story.

Bitcoin hasn’t even gone down 80% from the high. 85% would be pretty normal.
Go compare prior bear markets. This is all normal. The reasons why don’t even really matter.

By the way if you’re charting you should probably ignor the $69K high. The real all time high was $64K. Between the Fed and FTX, that second top was fake.

because magical "4 year" cycle.

miners losing $20 million per day.

Are you saying the 4 year cycle doesn’t exist?

That would be very silly of you….

Don't be silly.


The ponzi is going mainstream.



Wall Street Tests Crypto Dollars With Fed, Defying FTX Gloom

Citi, Wells Fargo among banks participating in 12-week test
Network for digital dollars will settle on distributed ledger
By Jennifer Surane, November 15, 2022

A Federal Reserve Bank of New York unit will partner with almost a dozen banks and other financial institutions to test out digital dollars, a sign that Wall Street intends to push ahead with its cryptocurrency agenda despite recent upheaval in the market... [link to www.bloomberg.com (secure)]

Bitcoin/crypto is a Pyramid/Ponzi Scheme. SELL while you still can!

It will be regulated. No more fast money and wild swings.

Bitcoin and Silver are linked through Venmo and PayPal.
Check the [link to silverprice.org (secure)]

Venmo doesn’t have crypto send and receive, only cash app. Why?
Check the dates Venmo was sold to Braintree and PayPal with the charts for silver and Bitcoin.

Look at the charts for the us minimum wage and notice how the trend is matched to the silver spot until about 2003.

Bitcoin is a falling knife until sponsored by Coca-Cola.

Yep

Because "regulated" has worked so well with the current fiat ponzi scheme.

no electricity, no cryptocurrency.

[link to finviz.com (secure)]


updated.

update...

still red

still downward...

[link to finviz.com (secure)]

FOR THE CRYPTOTARDS

Humans are really dumb so yeah maybe.

How many lambos were repossessed?

“Bitcoin can’t lose because “insatooshunal money””

Looks like strong support at 10k to me

still above 16,000

how?

The real reason the crypto ponzi didnt imploded completely is just this: most capital that entered the scheme cannot exit.

at least 20% of miner capacity declared bankruptcy
in past 8 weeks. gotta be making "institutional"
investors nervous. Im pretty sure we'll hit 50%
bankruptcy in 1st Q, 2023.

.

is this true

Miners are going under?

[link to broward.ghost.io (secure)]

[link to broward.ghost.io (secure)]

those two miners alone are almost 20% of capacity.

I'm sure thousands of smaller miners have shut
down, most have been losing money for 6 months.

about 15% are in Russia/Asia at lower cost energy
areas. the rest are mostly in US and EU and
getting hit by energy costs.

wow


just a matter of time then before bitcoin will be like a memory, like the asteroids arcade game...

very real risk. breakeven miner coin cost is
high $20k. so they're losing $10k+ per coin.

i doubt the 15% in Russia can absorb 5x more
traffic. electric capacity is planned years in
advance.

if bitcoin goes to a transaction time of several
hours, users will drop out. it's possible that
it may equalize at a much smaller size but less
demand is usually lower price, etc etc.

Thanks for the info...

I will be watching,...

its looking like $15,000 or lower is next...




[link to finviz.com (secure)]

Last Edited by Barry Miacockener on 01/06/2023 07:37 AM

pushing $20,000 again.

If one plots the halvings on the graph it’s easy to spot the bull runs that coincide with them.

[link to bitcoinhalvingdates.com]

Based on past trends, I suspect the next run will top $100K.