Quote from: edward500 on Today at 12:59:57 PM

I'm not sure anymore, lets be honest, Bitcoin keeps going lower and lower.

I'm a bit worried as I purchased a bunch of bitcoin recently, probably average of around 21K.

To me it seems it is inevitable bitcoin will reach 10K, or what most people seem to expect in this downturn.

10K and why not? That would still be a large increase in bitcoin and put it back tot he 2019 price as what most people expect the stock market to hit.

What I think is, we will definitely hit the bitcoin 2019 price point, and the stock market will also hit 2019 levels.

the price is only falling due to the FTX exchange case but the price will recover soon because the support of 17500$ is apparently the lowest the price has fallen since months when the financial crisis started due to the war in ukraine, this FTX event that made the price drop a lot is a sudden event, it will not make the price drop much in the long term, you can see that the price is now at 17900$ and it keeps trying to go up, probably by next week the price will be stable above 17500$, I'm not telling you to buy bitcoin, I'm just giving my opinion

Quote from: sgbett on Today at 02:10:29 PM

Quote from: OgNasty on Today at 01:37:57 PM

Thanks for asking. Ive been mentally preparing myself for a $13K BTC so Im not too worried yet. I will admit though, I was hoping we would see Bitcoin hold the $20K range. I am curious how deep this recession will be and if interest rates are going to continue rising while assets get clobbered. I still havent shut down all my GPU miners though and am still optimistic that once this crash is behind us, there will be brighter days ahead.

Sensible. Whatever views I might have, I don't want to see us plebs losing money, and a surefire way to do that is selling at a loss

Anyone lucky enough to have taken a few profits at the highs might see some value here. I know "my Bitcoin" is super cheap right now, and I am sat on big "paper" losses!

Be interesting to see how Saylor, Musk et al deal with it, I can't recall their exact respective cost basises (sp?) but they gotta be hurting a little now.

Saylor and Musk are not shaken by drops like these, they have a lot of money and a lot to do in the real world and when they put money in bitcoin they already knew how many years they would have to do hodl and what would be the risk they would be taking, the advantage of the risks is that they invest on a plan basis and are not relying on bitcoin profit to do something else