Never would have thought a memecoin would make it to the list of world's top assets. A sign of the times, i guess.
Just stop. You are cherry picking for anything that fits your hopium narrative. Pathetic to watch you decline into a biased, clueless fanboy. Or maybe you haven't declined at all...maybe you were always a fanboy. Btc will be hitting 100k...and 1M...we all know that. However, there will be HUGE drawdowns along the way...as there always has been, but you seem to think it can only go up up up suddenly because that's what you need it to do lol.
Chat GPT agrees with me! If Bitcoin were to hit a price of **$183,000**, it would represent a significant new all-time high (ATH) compared to its previous ATH of approximately **$69,000** (reached in November 2021). The potential drawdown (the percentage decline from the ATH to the following market low) can be estimated by looking at Bitcoin's historical price action following previous ATHs. ### Historical Drawdowns After Previous ATHs: Here are a few key examples of drawdowns following Bitcoin’s previous all-time highs: 1. **2017 ATH ($20,000) to 2018 Low (~$3,100):** - **Drawdown**: Approximately **85%**. - In December 2017, Bitcoin hit its previous all-time high of nearly $20,000. It then experienced a massive bear market in 2018, dropping to around $3,100 by December 2018, a drawdown of around 85%. 2. **2021 ATH ($69,000) to 2022 Low (~$15,500):** - **Drawdown**: Approximately **77%**. - In November 2021, Bitcoin hit its ATH of $69,000. By November 2022, during the bear market, the price fell to around $15,500, which was a drawdown of about 77%. ### Estimating Drawdown Based on $183,000 ATH: If Bitcoin were to reach $183,000, we could use historical drawdowns as a rough guide to estimate the possible extent of a future correction. Let's calculate the potential drawdown range based on previous examples. #### Scenario 1: 77% Drawdown (similar to 2021) If Bitcoin experiences a 77% drawdown from $183,000, we calculate: - **Drawdown**: $183,000 × 0.77 = **$141,390**. - **Price After Drawdown**: $183,000 - $141,390 = **$41,610**. In this scenario, Bitcoin could fall to approximately **$41,610** after hitting $183,000. #### Scenario 2: 85% Drawdown (similar to 2017) If Bitcoin experiences an 85% drawdown from $183,000, we calculate: - **Drawdown**: $183,000 × 0.85 = **$155,550**. - **Price After Drawdown**: $183,000 - $155,550 = **$27,450**. In this scenario, Bitcoin could drop to approximately **$27,450** after hitting $183,000. ### Conclusion: Based on past price action, a **drawdown between 77% and 85%** would not be unreasonable following a new ATH at **$183,000**. This would suggest that after hitting $183,000, Bitcoin could potentially fall as low as **$27,450 to $41,610** before finding support, depending on market conditions and external factors at the time.
I dont get why you have to be negative during this golden period for BTC and I dont get why you need to attack John. John is an OG.On ET he is the OG. You should be enjoying this period alongside him. There'll be plenty of darker times in which we can all squabble.
No he's not. I question he has a position at all. He is pumping this no matter what...and he started attacking me first because he didn't like what my charts were showing. Bitcoin historically has huge drawdowns so this could very easily go to 183k and then back down to 43k....that's a good thing not "Darker times" if you are bullish! (See previous post Chat gpt) Bottom line nobody in this topic can do TA, all they are doing is trying to draw bogus conclusions based on random metrics. I have been essentially road mapping bitcoin all year.
Thanks bro! Something is off with waxy, definitely a troll talks constantly it has positions, but never once showed any screenshot even as only item needed to get all the details of my mstr calls options position it has literally become obsessed on i suspect waxy is a kid would explain why the troll has no account to screenshot, or waxy has a very small account, would explain obsession with someone else's portfolio has asked me several times for my "portfolio beta" but waxy is definitely a troll switching back and forth bull, bear, long, short, gaslighting anyone to get engagement, sociopath waxy is not just trolling the bitcoin price thread, all over ET, options forums, even feedback forum toward Baron.... waxy is a kid troll, maybe but that's just my theory this is a great bull market time so we just enjoy it and don't let trolls like waxy affect the sentiment waxy fud is bad fud could cost others money
@semperfrosty and why aren't you questioning his pnl screenshots that are underperforming what just holding the underlying would be returning??????
Portofolio beta does not disclose the amount in an account lol. Beta is just a ratio of how your account performs against bitcoin or spy.. I think your beta calculates to slightly better in the short term, because of your MSTR calls, but worse than just holding MSTR shares...even though you've already admitted your call options are fake. Here: The only thing that is going to cost people money is your perma bull pumping. I have posted possible long term scenarios based on TA and historical data, not given trade recommendations. You think us bickering is going to affect sentiment? You sound like a pump and dump troll now lol.