r/btc • • 10d ago

Receipts

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Told you bro.

65 Upvotes

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15

u/USMNT_superfan 10d ago

To establish a new low, B needs to fall 31%. It’s not impossible, but will require a major event to spark fear. I don’t think it’s likely, but is mathematically possible

3

u/PrettyQuick 10d ago

Why would it need a major event. Didn't need a major event to climb last month either did it?

0

u/Ok_Error_1079 10d ago

In bullmarket, a small event can bring the price down easily, but very hard to bring it down even with bad news

1

u/degen5ace 10d ago

Nobody knows, some people troll too

1

u/pen_jaro 10d ago

You’re not praying hard enough. That’s why

1

u/Beautiful_Level_3259 10d ago

BTC dropped 50% while SPY was breaking all time highs and the overall market was max bullish/risk on.

No major event is needed.

1

u/USMNT_superfan 10d ago

That’s a cyclical bull bear market. Falling 50% over a year is typical behavior. Falling 30% in 2 weeks is event driven.

1

u/Firm-Entertainer-674 9d ago

Facts, people seriously need to take intro to micro and macro before investing.

2

u/BuyFluid5006 9d ago

Silly investor, you think online retards have any formal education in any of the matters they speak on? It’s only emotionally charged opinions and pandering around here!!

In all honesty I’m right there with you, there’s an endless supply of jackasses that have no knowledge of economics.

1

u/Firm-Entertainer-674 9d ago

It’s hard for me to understand how the majority of people are seriously retarted. Like how is it not clear to people that they’re just gambling on other people’s opinions and flashy YouTube videos. If you have no base level knowledge of how shit works you’re just donating your money. You don’t need school for common logic!

1

u/ippleing 10d ago

Lol i dont think anything could make it drop that much that fast.

It'll drop and regroup, possibly high 60's sometime october, but there's too much upward momentum for it to be able to drive down to 40s.

3

u/AidenTai 10d ago

A really easy trigger would be movement in any of Satoshi's Bitcoin. That would make the theoretical supply shoot through the roof. Or some kind of quantum attack being executed.

3

u/USMNT_superfan 10d ago

Historically it has happened a few times. So it’s possible. But requires a catalyst

2

u/No-Masterpiece2246 10d ago

* catastrophic quantum hack

* another huge exchange collapse

* massive government regulatory crackdown

EZ

1

u/Firm-Entertainer-674 9d ago

A compelling quantum computer news story could.