General discussion about cycles

2018 Fags and Bobos never mention that BTC did never come back even close to pre 2017 levels. Their shitcoins might have died but BTC was still up.
Here is a honest comparison, i see no reason that BTC will fall to the 20k target here.
The blowofftop is missing, and BTC did way less gains compared to 2017.
Subtract the blowofftop and BTC did not even fall fra from 2017 if we ignore the eoy 2018 and the flu 2020 capitulation. But as there is no blowofftop anymore there wont be another huge capitulation because too many people would slurp it up.
So this points to my theory that 33k was the bear market low.
Discuss, Bobos welcome.

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Comeone Any Forums brings arguments, i want to hear good arguments against me. These up down threads are funny but we need some serious discussion. This should not be a reddit bubble

bobos are ngmi
there’s my input user

Better then nothing

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hi

Everyone sees it, the cycle is broken. All bets are off

Analysis is no longer important in crypto because last year’s crash wasn’t allowed to dip below support. We should’ve gone to ~15k with everyone losing their shit, but the money is too big and the printers go brrrr.

I am thinking there will be a big rally in the summer then a short bear market, followed by a end of year peak similar to 2017.

I like the log/log chart. Not sure what the bottom is on that, but I want to say it’s around $20k. It only makes sense that as crypto (and BTC) in general gets bigger, it’s always going to pump less and less and dump less and less.

My guess is the extended cycle theory is correct.

Yes this is basically what i was saying aswell, but here you can at least see that a return to 2020 levels seems very weird.
Yes it cant get down much anymore, but this on the other hand means slurp what you can below 40k as i see it.
.
Not what i expect but could be. You have arguments for this or just intution?

I think it will crash more but not in the way faggot bobos are saying. At this point the fiat economy is hanging by a thread. An initial 2008, Great Depression happening will occur. Crypto initially during the crash will still be viewed as a speculative asset to non techy people and they’ll cash out l. HOWEVER, soon people won’t know where to pool their liquidity for normal money stuff, payments loans etc.
>inb4 gold and silver, you can’t transact in that.
So where else will they go? Crypto it’s the only thing left. Crypto will pull the biggest j curve since a black nigger mom and it’s only up from there. As schizo as it sounds a great reset is potentially able to occur. Remember crypto was literally made as a replacement to the financial system. People saying rates raising will tank crypto are wrong in the long term. Crypto is not a inflation or deflation hedge like gold is(inflation) , no crypto is a failure of the financial system hedge. Correlation at this point does not equal causation. Hold your coins user and wagmi

intuition

its simple: number go up

Ok so huge run until summer and then huge dump is your bet.
Yaeh the gains 2017 were insane compared to now.

>People saying rates raising will tank crypto are wrong in the long term.
Yes i agree here
>So where else will they go? Crypto it’s the only thing left.
Will be very interesting since 2008 crypto did not exist but such an event must be bullish in the midterm.

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twitter.com/Blockworks_/status/1491026519191265287

Yeah we still have growth left.

blow off top went into bsc casino

At some point in the next year or two I think we will see a miner capitulation event where all these startup BTC mining companies get fucked by all the hashrate increases, rising interest rates, and stagnant BTC price. This will cause a cascading event where miners go bankrupt and/or are forced to sell BTC they hold in order to pay creditors or cover bills, which causes BTC price to drop further which causes more miner selling.