BTC : Where is the bottom?

Speedster said:
The definition requires quick returns (i.e. some kind of increase in the underlying "asset/token/item").

Neither BTC or fiat have an inherent mechanism to provide returns.

This is different to a bubble where an asset price becomes inflated for whatever reason, but the asset itself provides no (or insufficient) inherent returns (tulips, houses, dotcom etc).
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I think this comment settles this.
 
If we take the example of LUNA and UST:

They were actively luring investors in with a 20% ROI. This attracted billions of dollars in TVL.

Then it disappeared and everyone lost their money. This is a Ponzi through its tokenimics, despite how many of us hoped that it might stand the test of time.

Bitcoin makes no such promise.
 
Whatever happens from here, there's no way I was missing out on buying BTC today at $20K today. Buying right above the previous all time high support just had to be done.
 
Bitcoin will recover back to under $100. That is where you start looking for the bottom, but do not buy in when it is at the $100 levels.
 
Sensorei said:
Whatever happens from here, there's no way I was missing out on buying BTC today at $20K today. Buying right above the previous all time high support just had to be done.
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Thin support at 20k is failing though.

CME weekly close below 200w SMA

I think we go down more

Decent support at 12-13kimages (13).jpg
 
Sensorei said:
Whatever happens from here, there's no way I was missing out on buying BTC today at $20K today. Buying right above the previous all time high support just had to be done.
Click to expand...

What’s the price currently?
 
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