They said Bitcoin will "never recover".
Look at the red dots in that chart. After the recent "mini-crash", expect another few months of "it is dead"/doom and gloom towards Bitcoin from respected economists, the morons from legacy finance, and mere FUDsters. There are many of them, and ALL of them were always proven WRONG AGAIN AND AGAIN. Just HODL!
Look at the red dots in that chart. After the recent "mini-crash", expect another few months of "it is dead"/doom and gloom towards Bitcoin from respected economists, the morons from legacy finance, and mere FUDsters. There are many of them, and ALL of them were always proven WRONG AGAIN AND AGAIN. Just HODL!
I guess that you are making a certain kind of point with the chart regarding ongoing wrong bitcoin price predictions, but wouldn't it also be a good idea to provide a link to the chart so that we can see from where you get it and maybe some other context for the various dots within the chart?
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Just look away, those who have been taking back their words and eating back their mockery will continue to do so. Bitcoin has shamed many people many times, this is not going to be new, it could only surprise when they continue their mockery and still get to be put to shame continually, that's folly. Even now, Bitcoin has not fallen to an alarming extent that any reasonable person would make a mockery of it, it's not like what happened in May 2021 that truly called for panic during the China banning and Elon Musk's betrayal. What happened recently is what could happen to any market where there are bear and bull seasons, it's nothing.We are in the bearish trend and I knew this before it happened as crossing $29,400 convincingly could not mean well for the coin. Let's see how things unfold around $24,700-$25,000 this time. I strongly doubt if the market would breach the level convincingly, and if this is true, it won't be long before Bitcoin gets back on its feet and move around $30,000 even before the much-expected bull run that could see it hit $100,000 for the first time.
I will look at your two other threads, but seems quite incoherent to be suggesting (and even arguing) that bitcoin is in a bearish trend, especially if you attempt to look at actual context of where we are at... which seems to be a kind of in between stage.. that may or may not confirm whether we are out of the bearish trend that started from $69k (in November 2021) and down to the local low of $15,479 in November of 2022... so largely the move has been up.. . .and some current consolidating.. .. and sure maybe we might not end up getting out of the bear trend from $69 to $15,479 - but it still seems to be quite weird (and even misleading.. and too short-term focused.. sure traders love to get into these kinds of lame prognostications) to be labelling whatever has been happening in a kind of flip flopping way (which is to say.. now we are in bull, now we are in bear, now we are back to bull and now we are back to bear.. blah blah blah nonsense) that makes little to no sense when considering the actual context.