I'm a surprised Bitcoin has kept up so well

Discussion in 'Crypto Assets' started by Maverick2608, Sep 6, 2022.

  1. I must admit in this bear market what has surprised me the most is how resilient Bitcoin has been.

    I do expect it to falter during the fall though.
     
    SunTrader likes this.
  2. If you call "keeping up" to a market that has been down more than 50% in a year I guess we can agree.

    upload_2022-9-6_12-12-52.png
     
  3. In the case of Bitcoin I do.
     
  4. Pekelo

    Pekelo

    What surprises me is certain folks' inability to read a chart. Bitcoin has fallen every time when the market did. There was no resiliency. Zero, nada, zilch...
    Put up the Nasdaq and BTC on the same chart and report back that 1-2 times when they didn't correlate.
     
    Last edited: Sep 6, 2022
    VicBee, albion, M.W. and 1 other person like this.
  5. Bitcoin is goona amaze us very soon .Get ready for a new high .
     
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  6. That could be true even if Bitcoin had only taken a 10% hit. I am not talking about correlation. I am talking about thin air still having a huge market value even at this point of the stock market meltdown.
     
  7. BTC seems to function well with technicals. 20k is a massive support, both psychological and as previous resistance.
    Never seen such a technicals confirmation. Interesting.
     
  8. DevBru

    DevBru

    When is soon? You have been saying that for a while now.
     
  9. newwurldmn

    newwurldmn

    especially when it is supposed to be an inflation hedge!
     
  10. maybe it’s not thin air then
     
    #10     Sep 6, 2022