Bitcoin has topped.

Discussion in 'Crypto Assets' started by Master Pu, May 12, 2021.

Do you think bull(crap) trend is over in Bitcoin?

Poll closed Jun 11, 2021.
  1. Yes

    18 vote(s)
    60.0%
  2. No

    4 vote(s)
    13.3%
  3. Don't know

    8 vote(s)
    26.7%
  1. Pekelo

    Pekelo

    Smart. Although when the whole market collapses, so will the egg bucket.
     
    #161     May 16, 2021
  2. maxinger

    maxinger

    #162     May 16, 2021
    Master Pu likes this.
  3. virtusa

    virtusa

    The previous time BTC made an ATH (end of 2017), it took BTC 3 years to recover from the drop after that ATH. We might see the same again.
    Since begin 2012 BTC went up average 0.31713% per day. A good daytrader can beat that hands down with less risk and much smaller drawdowns.

    BTC down 30% since ATH in 6 weeks.
     
    Last edited: May 17, 2021
    #163     May 17, 2021
    Sprout likes this.
  4. virtusa

    virtusa

    So around $ 51,000...
    Down double digit today
     
    #164     May 17, 2021
  5. virtusa

    virtusa

    second steal from the store of value :wtf:

    btc.jpg
     
    #165     May 17, 2021
  6. Baron clearly went with ET's failing top call rate.
     
    #166     May 17, 2021
  7. This really needed a response you would be able to relate to ;)

     
    #167     May 17, 2021
  8. Cuddles

    Cuddles

    [​IMG]
     
    #168     May 17, 2021
    johnarb likes this.
  9. Thanks for your input & welcome to the BTC downthread.
     
    #169     May 17, 2021
  10. virtusa

    virtusa

    Market cap of BTC shrunk $370 Billion. Somebody has to absorb that loss.

    Translation: all bitcoin holders together lost $370 Billion since ATH.

    To go from this level to ATH it took 64 days. Back down to that level took only 33 days. Not really a proof of strenght.

    btc.jpg
     
    #170     May 17, 2021