My own personal opinion is that the hype around bitcoin is not coming back. I dont think its going to zero, but too many people have just moved on.
Do we need hype when Blackrock is in?
Bitcoin Has Longest Losing Streak Since August in Bruising Week
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Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#32Earlier quoted context omitted.
> Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can. "Someone can instantly and permanently steal your beloved dog and you'll never see it again" is a downside.
The fact that people have instantly and permanently stolen Bitcoin renders that argument moot.
I think you've misunderstood my point. Yes, this happens to Bitcoin. That is a downside of it. The parent poster's asserting it's an upside.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#33My own personal opinion is that the hype around bitcoin is not coming back. I dont think its going to zero, but too many people have just moved on.
You clearly must not be familiar with its cycles.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#34Crypto investors are migrated to the newest unregulated speculative asset: the stock market.
I don’t know for certain but the amount of retail investing on vibes around AI companies and metals feels just like the crypto peaks. Just the other day Marvell jumped on the words of Jensen Huang and metal ETFs randomly lost tons of investment earlier this year.
Without a lot of the guardrails of the US regulatory apparatus that has been gutted by the current administration, the market is riff with manipulation. Truly another gilded age.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#35We are in the middle of every 4 year hole at the moment. Heights and lows are unpredictable but the timing is still solid.
The lows are also predictable in my estimation.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#36Bitcoin (and crypto at large) goes through these 4 year cycles repeatedly. Each time people claim its dead, "this time is different", etc etc. It peaked at the end of 2024 and now we're in mid 2026...traditionally near the bottom of the cycle. There IS someone in the White House now that seems hellbent on driving the global economy into the ground but until there's definitive evidence that this time really is different, I'm going to assume it's business as usual and people screaming about how its over is just the buy indicator it's been many times in the past.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#37People will FUD. After the cycle is over, Bitcoin will make new ATH and the people who bought the dip will be called lucky. Same old tale
Precisely, although the dip is likely to be deeper. Having said this, the quantum risk is real, and if left unaddressed, the pattern will break.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#38Bitcoin (and crypto at large) goes through these 4 year cycles repeatedly. Each time people claim its dead, "this time is different", etc etc. It peaked at the end of 2024 and now we're in mid 2026...traditionally near the bottom of the cycle. There IS someone in the White House now that seems hellbent on driving the global economy into the ground but until there's definitive evidence that this time really is differe…
There's no such thing as predicting the future when it comes to assets. Patterns aren't guarantors of future returns. If they were; the asset would be a sure-thing. Your confidence isn't warranted.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#39Bitcoin doesn't really have any coherent reasoning behind it, that I can tell. Other investments I can have a theory (which may be wrong) and see it work. I can buy gold/silver to hedge weaker currency. I can believe a stock is going up (or the market in general). I can buy bonds. I can do Forex or Commodities based on whatever feeling if I really want to lose money. But Bitcoin doesn't really seem to correlate with anything.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#40Earlier quoted context omitted.
The fact that people have instantly and permanently stolen Bitcoin renders that argument moot.
I think you've misunderstood my point. Yes, this happens to Bitcoin. That is a downside of it. The parent poster's asserting it's an upside.
D'oh! Sorry! I'll go grab some more coffee before trying to think critically.