Quote from: Dave1 on August 23, 2023, 05:34:26 PM

Quote from: masulum on August 23, 2023, 04:54:19 PM

Quote from: Wexnident on August 23, 2023, 01:22:34 PM

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Are you sure about your comment? So far, the news has only speculated about bitcoin crash few days ago conducted by SpaceX. Until there's financial reporting released by SpaceX, we will never know the reality. This might just be an issue created by the media to induce panic selling. However, if you have evidence that yesterday's situation was caused by SpaceX, i will believe it. If not, just wants to remind you, not too believe in media about crypto price, because they are very often spreading a FUD.

Yes, and so we are not sure why everyone is talking about Elon Musk or his SpaceX as the reason of the current dump. In any case, we are still in the bear market technically, and so that will remain for now.

If we are talking about a bull market then it should start right after the bitcoin block halving. So don't be surprised if we see the price continue to decline throughout the year, we are still in the bear market so we need to understand that and hopefully we shouldn't be listening to these FUD are Elon Musk and his supposedly selling out huge amount of bitcoin because this news is like a broken record already.

While I dont entirely agree with your prediction of a constant decline for the rest of the year, I certainly dont see a bull market happening anytime soon. Just as you said, I think the next bull market will happen right after the bitcoin halving. Perhaps a little more of institutional involvement in crypto would be very helpful too.