To all of the the Bitcoin Bears,
I am questioning why 16k would not be degree to build up some bitcoin.
I am bullish long run on Bitcoin and I perceive that it will probably go a lot decrease than that. My standpoint is that long run it will not make a giant distinction coming into proper now or look forward to perhaps decrease costs if they arrive. I see rather more upside than draw back at these ranges.
So my query is straightforward. Why should not we purchase at 16K?
I simply need to get some completely different level of views.
9 thoughts on “Viewpoint from Bears”
Because you dont deserve it! jk buy bitcoin
I generally agree with the sentiment but the idea there’s no noticeable difference is laughable. Even retracing back to the 70k high, buying now would be a 4.2x, buying at 14k would be a 5x, and buying at 12k would be a 5.8x. It’s definitely not nothing.
I’m not a bear but the general thesis is that it’s always going to go lower. So if you think it’s going to 10k why would you go all in at 16k .
So it depends on how bearish you are. There are bears calling for a 3k bottom and if it goes to 3k then they will have new bearish prediction that’s even lower.
Bitcoin has never been through a heavy recession/ inflation/ potential WW. As a high risk asset, whoever says they know what will happen is full of sheeeittt
> Why shouldn’t we buy at 16K?
The only reason not to buy at the $16K is to be sure, that you can buy lower.
But of course, nobody can be sure.
That’s why we bought at $20K, we bought at $15K right after the FTX shitstorm and we keep buying.
Now, if the price goes to $40K, I may think of buying less. But still not sure. I ‘d still think it’s an amazing asset at discount.
Because even if it hits 15k, you will say oh why not buy at 14k etc..Then you will 99.9999% miss the bottom and then fomo in at some point.
2 things keep me out of Bitcoin even at these seemingly low levels. First, before inflation hit, I heard a lot that Bitcoin would be a great way to protect investment portfolios against inflation. To this point Bitcoin has actually done the opposite and tanked in value as inflation spiked. Second, I have trouble envisioning a future of mass adoption in which people entrust there life savings on whether they can remember a password or not. Too many bitcoins have already been permanently lost because of carelessness. That’s just honestly what runs through my head anytime I think about jumping in now.
Trying to catch the bottom is like trying to catch a falling knife. Just invest, regardless of price. Dollar Cost Averaging always wins in the long run
we are not traders. we are bitcoiners.