Would it be a good idea to long Bitcoin at its current value of $58,000?
>>62431522That assumes it's going to go up
don't take positions against current trend anon
>>62431522>Would it be a good idea to long Bitcoin at its current value of $58,000?It went from 100k, 80k, etc down to below 60k. I don't think its going back up again, ever. I think hey rich has amassed too much wealth during covid that they can perma suppress it now. FTX collapse was just icing on the cake and a huge heist.
>>62431526durrrr you don't say?>>62431571why not?>>62431591why don't you think it's ever going to go up again?
>>62431522Yes. Not in a very long term tho. There's a buy wall on 58k and that's gonna be hard to pierce. There's a chance we bounce to near 70K before we continue the fall. But please put a stop loss on your longs
>>62431522For spot it's great time to start/continue accumulating. For longs I'd wait for the bottom to form and trend to go from bear -> crab. If you're sure the bottom is at these levels you might as well long because funding is basically free right now. But it will most likely need few months of crabbing before reversal so it will be a long and boring trade.
>>62431522Wait for the daily MA100 and MA200 cross, that will be officially the end of the bear and beginning of the bullrun. That's what I intend to do.
>>62431571>t. Midwit
>>62431522It's going to the mid 30s before it goes up again
>>62432186what makes you think it will go to the mid 30s?
Btc will do a 2x after going losing 99.998% of its current value. Then it will keep going down.
>>62431522Yes long and chill
>>62432852don't muck up my thread with your nonsense>>62432858finally, some good advice. i hope you longed bitcoin at it's previous value of $58k
Btc is worth a quarter slice of pizza and this is because the guy at the pizza shop feels bad for you. Crypto is fagslop
>>62433204>>62432858lmfao
>>62431522Long it at 13k.
>>62431522Bitcoin is going to zero
>>62431591>suppresslol. This is like saying the rich are going to suppress Bazooka Bubble Gum. It's utterly irrelevant in the grand scheme of things.It's a toy they've played with, but they don't consider it to be of actual economic significance.
>>62433347ZERO
All crypto including bitcoin is going to zero. For those of us who still live 20 years from now, all of this nonsense will just be a vague memory
>>62432827what makes you think it wont?
>>62433693an IQ above 85
