Crypto currency (IF banned from CA)

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Sorry but how has it been a great call? It’s still some way off 10k and he’s been calling it for ages.
Thank you @evilwebby

I call for an 85-90% drop when the space was still very bullish. I get laughed at a lot.

Price drops 80% and shows no sign of stopping soon, still get laughed at for making a rubbish call.

Just think, if anyone listened they could have sold the top...
 

Whats this? I'm losing more money? Time to buy more while its down!


That's some serious scam. The more they lose the more ot makes them want to give you more. Gotta hand it to them.
 
Sorry but how has it been a great call? It’s still some way off 10k and he’s been calling it for ages.
Sure, it's still 30% away, but when you look at the prices from peak:


a fall from 70k to 16k is a -73% move
a fall from 70k to 10k is a -86% move

The more extreme the move the higher degree of leeway you have to give. Something that falls by -99% isn't a further -1% move from -98%, it's another -50% down.


I mean, if you say the stock market is gonn crash by half, and it turns out the bottom is in at -40% then you are not substantially wrong.


BTW I hav always maintaned that that - at some point - BTC will be essentially worthless.
 
Sure, it's still 30% away, but when you look at the prices from peak:


a fall from 70k to 16k is a -73% move
a fall from 70k to 10k is a -86% move

The more extreme the move the higher degree of leeway you have to give. Something that falls by -99% isn't a further -1% move from -98%, it's another -50% down.


I mean, if you say the stock market is gonn crash by half, and it turns out the bottom is in at -40% then you are not substantially wrong.


BTW I hav always maintaned that that - at some point - BTC will be essentially worthless.
Dont tell nikom
 

Also, don't forget that inflation turns that -73% fall to more like a 78-80% fall in real terms. Of course this is true for all assets and investments - you should always be thinking in real terms.
 
Also, don't forget that inflation turns that -73% fall to more like a 78-80% fall in real terms. Of course this is true for all assets and investments - you should always be thinking in real terms.
good point.

One thing that suggested BTC was at top was the GBTC premium, I said this many many times, when it went negative why would anyone buy spot when they could buy at a discount. Hit an all time low of -45% the other day, BTC will continue to dump until this goes positive again or the fund behind it go bust

1669140245487.png
 

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