If you got in like I did, back in 2011, these ups and downs are meaningless. I didn't understand the world of cybercurrency but fortunately my grandson explained it to me and now I'm enjoying a comfortable retirement. I'm not telling you what to do with your money but hopefully the pain of your upcoming poverty will teach you to make better decisions in the future. I'd like to remind everyone, though, that my success isn't for me, though. I'm leaving all of my coins and tokens to my son, daughter, and gardener. Good luck to all longs.
OT- Bitcoin
- Thread starter redwine65
- Start date
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The next bottom won't come until the next bear... crypto hasn't even hit the bull yet
Bottom of bear typically won't be for about 1.5 to 2 years post peak. This is supposed to be the year of the peak. Peak has always, for BTC, November/December. There's always been pullbacks during the peak cycle year, so this doesn't surprise me one bit.
Last cycle it was Covid and the SEC playing legal games bringing bad news and affecting the market. This time it seems to be tariffs and possible shakeup with NATO and EU with these elections in Deutschland.
is the recent hack and theft of a zillion btc at an exchange who's name escapes me right now, partly to blame as well? for btc price right now??
From what I understand, it was 1.5B in ETH. Bybit was the exchange and 2 other exchanges have thrown in money to Bybit to help them make customers whole.
It was 3rd party software that Bybit was using. I think this mean that exchanges are going to have to start developing their own tools and really take security to level 10 importance and profit making needs to come down to a level 9 if they want to keep customers.
If the US gov really does sent out 5k checks to people I could see a bunch of that money heading into crypto. Might see a decent bull if so.
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