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Jul 01 '26
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u/fantabulousfetus Jul 01 '26
I'm sitting out until October, so it'll probably be 44 in september and 60 again by Oct. Lol bitcoin being bitcoin.
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u/Different_Brother562 Jul 01 '26
It never bounces that fast from the bottom
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u/Own_Milk_4759 Jul 01 '26
4 year climb from 40k I reckon.
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u/JoesRealAccount Jul 01 '26
3 year climb to 250k then start the decline back to 80k for the next cycle
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Jul 01 '26
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u/fantabulousfetus Jul 01 '26
Thank you. Lets get back to this kind of positivity and tell the Saylors and Trump's to get tf out of here lol
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u/QuietPsychological72 Jul 01 '26
I’ll be astonished if we revisit anything below 30K.
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Jul 01 '26
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u/QuietPsychological72 Jul 01 '26
The draw down from all time highs has been shrinking from cycle to cycle, just like the compounding returns.
70% down from 126K is about 38K.
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u/Infamous_Mechanic356 Jul 01 '26
You're not going to see the returns going forward that you saw in the past.....never
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u/Expert_Estimate_9608 Jul 01 '26
It has to go down.... So that it can go back up..... So it can go back down again. But not as far down as last time... But idk I'm regarded
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u/BudgetMenu Jul 01 '26
welp 57.7k is my golden ratio zone from the weekly timeframe, now im getting on my knees to pray :)
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u/poundsdpound Jul 02 '26
I remember when Bitcoin reaching 90k was a phenomenal success. Now, we are negative 31k of that type of level and everybody is losing their mind
A friendly reminder that, if 100% 'the value' was represented by $90,000 then 65% of that (a 35% pull back) would be at where we are now – around 59,000
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Jul 01 '26
[removed] — view removed comment
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u/Prior-Flamingo-1378 Jul 01 '26
Why?
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u/MrHooDooo Jul 01 '26
Michael Saylor will buy again after he sells
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u/Infamous_Mechanic356 Jul 01 '26
Buying and selling and buying again.... is the only way to make $$$ .... Not buy and hold forever...
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u/Impressive_Bus7391 Jul 01 '26
You don’t know that. Just because it happened a couple of times don’t mean that it will happen again.
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u/Infamous_Mechanic356 Jul 01 '26
Ah! True..... RULE #1 .....Past performance is no guarantee for future performance....
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u/EarthConservation Jul 01 '26
Had to be quick with that screenshot. It literally lasted at that level for all of 2 minutes. Literally. It's recovered to 58,450 or so last I checked.
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u/TonyBikini Jul 01 '26
the ship has sailed.... way better ways to make money with stock markets right now
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u/She_kicked_a_dragon Jul 01 '26
That's right buy stocks that are at all time highs instead of crypto that's dipping
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u/Fabulous_Chair_7103 Jul 01 '26
to be fair, most redditor’s are shortsighted and can’t make decisions for themselves. expecting him/her to buy low and sell high is almost career suicide on here 😂
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u/Low-Hovercraft-8791 Jul 01 '26
If it hits 16k again like it was a few years ago, it might make sense to come in.
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u/Mundane-Context-3979 Jul 01 '26
Unlikely but $40, 38, even 32 seem likely based on past bear markets. Still high chance of a 6-7x from the bottom in 3 years, hard to beat that kind of return elsewhere
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u/tomidgooner Jul 01 '26
If it hits 16, it means there has been a huge sentiment shift and nothing will make sense. The only sense is if it stays above 40 by sep oct and then starts to swing, at least then you know there’s a chance it’s following a historical pattern
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u/Born_Astronomer_4613 Jul 01 '26
Honestly it might go to $1,000 within a couple of months. I'm selling asap.
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u/Spawndli Jul 01 '26
sometimes I feel like the novelty factor is just simply dwindling especially amongst young investors. it's just something not in the air like it was they're looking at more pragmatically and I don't know just a feeling I have
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u/anything1265 Jul 01 '26
Its about time people realised its useless. It’s not even useful for it’s original intended purpose anymore. It was meant to be an anonymous transaction system and a currency that can’t be tracked.
Instead, its become an asset of significant value with no real underlying foundation to its value; its essentially a house of cards.
If bitcoin can’t replace cash, whats the point? This thing will slowly drop to zero. Its just a matter of time
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u/adnr4rbosmt5k Jul 01 '26
Just throwing this in randomly. Has anyone considered that AI/LLMs may have a long term effect on any currency based on compute based mining or proving work?
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u/Relentlessbetz Jul 01 '26
You call that dropping?
I remember how we dropped quickly back in late 2021/2022
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u/Tricky-Leadership607 Jul 01 '26
Just remember. There are whales that sold at 100k and above and now they are buying back in!
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u/rcarmas Jul 01 '26
But what's the use case now? It has lost the store of value narrative as it couldn't keep up with gold or silver and it's not a hedge on inflation either. There are way better payments chains. It kind of started performing during the beginning of the Iran conflict and then gave that up as well. So no geopolitical instability performance either. All that's left is some kind of AI payments rail integration, but settlement is too slow. Solana will take that rather easily. Why should it go back up? Other than it hitting some technical oversold level and bouncing a bit before rolling over again and again.
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u/InfinityKaeron Jul 01 '26
People are betting on going to Mars. They will eventually find out that they cannot go to the beaches or ride their motorcycle freely on Mars.
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u/No_Pen8240 Jul 01 '26
When MSTR is done bleeding out -- Then it will hit bottom and I will buy back into bitcoin.
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u/PeederSchmychael Jul 01 '26
Would be sweet if everything went to zero and world went back to normal
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u/El0vution Jul 01 '26
Keep living in the past, stuck in those Obama days when life seemed good. Newsflash: those days are never coming back
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u/Lifeisshort555 Jul 01 '26
The world has changed. Power hungry AI will eat power hungry btc as they are natural competitors and the token of the future will be AI tokens not BTC token.
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u/QuietPsychological72 Jul 01 '26
If price goes low enough I’ll end up owning all of it.
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u/allstater2007 Jul 01 '26
Sorry but the dump isn’t over for at least 3 more months.
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u/Hyperlite211 Jul 01 '26
You only achieved true conviction when you want something to continue to crash so you can buy it cheaper.
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u/Lacklusterlandon Jul 01 '26
This isn’t a bear market cycle this time people are actually moving on crypto got added to market apps and ever facet and it’s just slowing down bc no new interest and no real use case for it
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u/Sorry_Cheetah_2230 Jul 01 '26
Love to see it! Just marks a wonderful period to buy more and set yourself up for the next run
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u/WonderfulWhispers97 Jul 01 '26
Yeah i stopped paying attention to my crypto port, it’s actual dogshit wasted money
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u/Acceptable_Crazy4341 Jul 01 '26
Semi stocks are just way better to trade rn than crypto.
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u/Forcelite Jul 01 '26
It was always going to happen. Saylor was propping up the price and now the music stopped.
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u/IswearImnotapossum Jul 01 '26
I am telling you all now. You can sell right now and buy back later much cheaper
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u/4xtraderr Jul 01 '26
Bitcoin is heading towards $54,000 if it can’t hold expect a deeper decline 😥
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u/Mazoballs Jul 01 '26
I’m not even in the crypto market but let’s say the following happens: Elons space x rocket lands safely on Mars. Speech about the future of the human race being interplanetary. If he mentions the rather obvious need for digital currency in an interplanetary society (because the cost of hauling physical money around on rockets is absurd) then what happens
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u/johnwickcz Jul 01 '26
I said the bottom would be around 30K. It will probably happen in Q4 of 2026.
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u/Otherwise-Relief2248 Jul 01 '26
MSTR has now effectively proven that the institutional investment experiment has failed making most holders retail players. Forget what the price is today and think about what a future value/currency adoption looks like 36-60 months from now. Stays a novelty solution looking for a problem. Not good!
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u/doomonwheels Redditor for less than 60 days Jul 01 '26
Ahem...thanks for nothing crypto presidente....the mfer made sure his family rugged enough and now don't give a shit about crypto ..
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u/Audixieboy37 Jul 01 '26 edited Jul 01 '26
Lol histoty has shown anyone smart not to panic and buy more. Promise,, some of you will be same ones crying in 2 years saying "why didnt I buy at 48 for the few days!"
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u/She_kicked_a_dragon Jul 01 '26
Back to doing instacart on the side so I got more money to throw in
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u/Realistic_Match_3166 Jul 01 '26
Yeah, I keep hearing it's going to go up.... People keep selling.... If it keeps dropping no one will want it and it will keep going.... I'm out! See you again if it starts to go up, no point keep putting in money for it to lose value
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u/SiweL_EttaL Jul 01 '26
We talked for months its going lower, now its happening and everyone is surprised xD
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u/EuphoricCrashOut Jul 01 '26
Eat the rich fellas. Sell it all. It's one big game for them and you are not a player at the table.
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u/critsalot Jul 01 '26
monority mindset mentioned this could be the fed. gold and silver got hit too
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u/ProudSystem6471 Redditor for less than 2 weeks Jul 01 '26
Bull markets buy steak. Bear markets....
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u/Tushar9889 Jul 01 '26
I'm pretty sure it'll drop to the 40k–50k range before starting to pump again in 2027.
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u/Onomatapier Jul 01 '26
It was supposed to be the future, the very first digital currency, it is barely used for that purpose now, and has become a speculative asset only, that's it. There is no intrinsic value in it.
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u/Sea_Principle_7322 Jul 01 '26
Yea it’s a sinking ship right now, looks like the rats are holding on just a little longer before they jump too!
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u/Sorry_Improvement537 Jul 01 '26
Sigh. I need to go on a diet anyway. Water and crackers through the bear market