Bitcoin Price Thread

Discussion in 'Crypto Assets' started by Magna, Nov 26, 2017.

  1. johnarb

    johnarb

    You get double the profits with bitcoin and a smaller drawdown

    . and bitcoin is not always correlated to the stock market/ndx, during the bear market of 2022, btc was crashing by itself related

    upload_2025-8-14_23-42-42.png

    upload_2025-8-14_23-44-43.png
     
  2. Pekelo

    Pekelo

    Speaking of ATH, the last pre-2025 High was in December at 106K. Now why did I say pre-2025? Because the dollar lost 10% of its value in 2025 against a group of currencies. Since cryptos are basically measured in dollars, once the dollar weakens, the crypto strengtens accordingly.

    So if we subtract the dollar weakened 10% from the current ATH of 124K, we get 112K. And 112K is only 6% higher than the 2024 High of 106K.

    In short, BTC has returned 6% in the last 9 months between its highs.
    And today we are back at square.


    You can do the same with SPX and you realize, yesterday's ATH is not even an ATH, if you subtract 10% from it, as currency weakness.

    Here is a BTC-Swiss frank chart, the 5% 9 months return can be seen very easily:

    https://www.xe.com/currencycharts/?from=BTC&to=CHF

    94.6 to 99.7
     
    Last edited: Aug 14, 2025 at 12:40 PM
    NoahA likes this.
  3. orbit23

    orbit23

    holy shit! What a dump! seems obvious profits are being taken
     
  4. Pekelo

    Pekelo

    Sure, no correlation happens all the time, in the case of BTC I would say a serious out of correlation move happens 3-4 times a year. But 98% of the time they move the same. And good luck catching that 2% of the time.
     
    johnarb likes this.
  5. johnarb

    johnarb

    Very difficult to time btc ups and downs, which is why I just hodl
     
  6. Pekelo

    Pekelo

    I agree. I mean who wouldn't want that sweet 5% increase* between ATHs? :)

    * Quickly negated by the next day

    If you DCA-ed AMD from its Oct high through its low and to its new high, you made ~50%. If you did the same with BTC you made about 20%. But I mean who wants to invest in a real company?
     
    Last edited: Aug 14, 2025 at 2:35 PM
    johnarb likes this.
  7. orbit23

    orbit23

    the market is literally SCREAMING in your face "IT'S OVER!!!".

    Just look at this daily candle - spectacular rejection.

    People really believed the government would be actually buying Bitcoin and now the cat is out the bag. There ain't nobody bailing out your ponzi.

    It seemed obvious to anyone with half a brain the government would never buy your ponzi tokens, but it was the delusional belief that it would which drove the market.
     
  8. SunTrader

    SunTrader

    If this, if that, if the other thing lol :confused: