Quote from: Tytanowy Janusz on Today at 09:41:33 AM

Quote from: btc-room101 on Today at 09:26:31 AM

I think we're already near testing the $46k now, the USA hasn't even woke up yet to panic

You don't panic when you woke up and see a red dildo. You buy things on dicount, you laught at panic sellers. You panic only when you see -5%, -7% 30 min after, -10% 1h after, -15% right after. When you are part of this dump. When you bought -10% dip and now its -20%. Thats where your mind is creaming "sell this, save you savings". Thats when you panic sell. Not when you woke up with smile, open exchange account and see how everyone is in panic. You are calm.You buy from panic sellers.

Quote from: btc-room101 on Today at 09:26:31 AM

feb 28,2021 $46k?

jan 26, 2021 $32K?

During 2016-2018 bubble we had 5 corrections harder than 35%. Our hardest one this cycle was 25%. I would not be surprised to see even 40% drop to 38k before finding strong support to move forward.

OK thanks for giving me a numbe, but I really don't see a support level between $60k all the way down to $11k, the $38k is a magic number, cuz that's where a lot of CEO's made entry into BITCOIN as 'investment in Jan 2021.

Remember the entire reason for the bubble was cheap-cash, COVID stimulus CORP & personal; These things aren't in the future.

Also the narrative bought in the biz community fall of 2020 to spring 2021 was "Bitcoin is a safe place to park cash", now that we have 25% loss in a week, and most like a 50% loss in the coming week, why in the hell on earth would this BIG stupid money come back to BITCOIN?

Things always OVER-REACT, there isn't much choice here, all this CORP money is borrowed money ( now a loss ), all this HEDGE-MONEY is OPM other peoples money, its not like any of this can HODL, we're not talking about leading morons to the cliff here.

Sorry for my sophistry, just want to know your justification for a solid support at $38k.