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The 5 year return of Bitcoin is ZERO today


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#1 sidssa

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Posted 05 January 2023 - 10:38 AM

Hold on, there is a point I am going to make later on, but first let's celebrate!!!

This week is the 5 year anniversary of the previous ATH. Actually, it is on the 16th, but I like an early party, plus I didn't want to post a negative return title, what would be with that High being at 19.4K. But on Dec 7th, 2017 Bitcon was at 16.9K, just like today. That is cause for celebration!

So 5 years, has it been already? Sure it went down to 3K, but it also went up to 67K. So what is my point?

The point is that since it happened once, it could happen again. Not a new ATH (I think we are done with that) but crypto going sideways for extended and long periods of time. So if you are just blindly holding it for the Moon, good luck with that. But if you are actually a trader, trade it, you don't have to believe in it. And trade it from the short side too, this fucker is going down more often than not, now that the final world wide hype is over. The kwonzi spread has been done. smile.png

And if it gets a rally and goes up to let's say 40K, get the hell out don't hold it for too long until it finally drops back.



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#2 AlterBee

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Posted 05 January 2023 - 11:19 AM

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#3 SamyMraz

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Posted 05 January 2023 - 11:21 AM

I totally agree, cryptocurrencies tend to both flat out and spike. This is the whole point, it is very difficult to predict its further growth. Therefore, I would not rule out the possibility that bitcoin could soar at least 2 times from its current value. It seems to me that such growth will take place in the spring of 2023. So far, I have had a strategy for long-term investment using a bitcoin mixer, due to the fact that the price of bitcoin has not changed much, although over the past month it has grown by about 1.5k, which already gives a tiny hope for its further growth.