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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

#41
I just finished the recently published The Alighty Dollar by Brendan Greeley [0]. It is a great story of the evolution of currency in general and the dollar specifically. It wraps up with a brief critique of crypto in general that I found interesting.

[0]https://www.penguinrandomhouse.com/books/634502/the-almighty...

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#42

Bitcoin 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…

You mean you aren't bullish on volume of illegal transactions? /s

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#43

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.

You clearly must not be familiar with its cycles.

Is bitcoin a commodity? What’s driving the cyclical nature of the price discovery for entries on a global ledger?

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#44

People 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

> Same old tale I have sweatshirts that are older than Bitcoin, brother.

And will certainly outlive your sweatshirts

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#46

Bitcoin (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…

Technical analysis is just astrology for finance bros.

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#47

Bitcoin (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.

lets's come back to this one year from now and see if it bottoms around Oct 6

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#48

People 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.

People will come up with whatever narrative for Bitcoin. Bears sound smart but in the end bulls make the money

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#49
post #43

Earlier quoted context omitted.

You clearly must not be familiar with its cycles.

Is bitcoin a commodity? What’s driving the cyclical nature of the price discovery for entries on a global ledger?

> What’s driving the cyclical nature of the price discovery for entries on a global ledger?

https://www.investopedia.com/bitcoin-halving-4843769

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