[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 182 KB, 2159x1434, 0E836380-6D00-4F37-8C4C-E1BA31CBFAB9.png [View same] [iqdb] [saucenao] [google]
12916695 No.12916695 [Reply] [Original]

The narrative that every BTC bear market in the past has bottomed at or near the previous ATH level is false.

Even if you view 2012-2013 as two separate bull markets, the low moved and stayed under the 2012 high for a year... I don't see any BTC bear market ending on the prior high

I have seen this mentioned a few times but it has no basis in reality. The fall from $32 bottomed at around $2.5 which was 2.5 times the base of $1. The fall from $250 again bottomed around $65 which was more than twice the previous $32 top. And finally the fall from $1200 bottomed at $190ish so maybe that is the only data point because this was under the high of earlier in 2013 of $250. But then many also point to the same year saying it was really one continous bull market.

So I am not sure where this testing of previous high hypothesis comes from.

>> No.12916715

>>12916695
Based

>> No.12916726

who fucking cares

>> No.12916732
File: 205 KB, 400x512, su.png [View same] [iqdb] [saucenao] [google]
12916732

Do we really have to wait a few years to get back to $20k? I don't know if i can last that long.

>> No.12916856

>>12916732
Same, I just don't have that much fucking time, I really don't. This fucking waiting game is ruining my damn life.

>> No.12916889

>>12916856
It's called the accumulating game Anon, not the waiting game

>> No.12916923

>>12916856
Spend this time accumulating and planning out the design of your NEET mansion

>> No.12916947

>>12916695
It comes from the fact that if we don't have a real capitulation to 1k then there is no way for the market to recover and even then recovery is highly doubtful.