Quote from: Mankov on May 13, 2021, 09:39:47 PM

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Failed forever???
You must have not seen a bear market before.

Anyway I think we're pretty much at the bottom now. I don't see a crypto winter coming, well maybe for all these pumped up useless altcoins, but not for Bitcoin. I think this is the case precisely because I believe Bitcoin has already been bottoming out the past 3 months, and will maybe continue to do so for another month or two. So I'd say $45k is roughly the absolute bottom, or maybe $40k just to be safe in case there is another massive round of FUD in the near future while Bitcoin is still low. I had another thread in which I said we'll never go under $50k again, basically it seems likely I was just about $5000 (or maybe $10,000) off in that statement.

All the Musk, energy, tether, bans, taxes, regulations, "bull market over", "bitcoin is old and slow", ponzi, bubble, pumping shitcoins, Grayscale, ethereum flippening, etc FUD in the world the past couple of months hasn't been able to drop the price below $45k, even while on-chain metrics say long term holders have been strong net sellers the past few months (though this just recently switched from negative to positive which of course is bullish and could signal Bitcoin will soon be coming off this $45k-$50k bottom). $40,000s seems to be the bottom unless the FUDsters and market manipulators can come up with something really extreme in the very near future.