Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
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Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#2[deleted]
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#3Perfect time to buy
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#4[dead]
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#5[dead]
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#6Perfect time to buy
Not sure if that is the case. An insane amount of bitcoin has been dumped into the market by whales.
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#7People dump BTC in order to buy gold.
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#8Perfect time to buy
As far as I can tell, bitcoin, having no intrinsic value, is priced entirely by vibes. Right now the vibes are generally negative. The latest bubble of interest has faded. I would wait, the world could become interested again but it may be 2 or 3 years. The bottom will probably be around 70k.
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#9People dump BTC in order to buy gold.
People dump gold to buy Sandisk
Re: Bitcoin Looks Set for Longest Monthly Losing Streak Since 2018
#10My working hypothesis is that people are dumping Bitcoin for AI adjacent stocks because the hype around agents is growing.
There’s no way to prove this, but I’m seeing unexpected behaviors on the secondary markets for privately held AI companies.