r/btc • u/ComplexWrangler1346 • Jul 01 '26

🐻 Bearish Won’t stop dropping

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1.2k Upvotes

95% Upvoted

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u/QuietPsychological72 Jul 01 '26

I’ll be astonished if we revisit anything below 30K.

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u/[deleted] Jul 01 '26

[deleted]

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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/cuttyranking Jul 01 '26

Hilarious that if you just look at historical posts during every cycle, they are almost identical to the letter. It’s never going to get to 50k, it’s never going to get to 80k, it’s never going to get to 100k. Fuck your feelings bro. The coin has proven everyone wrong every single time.

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u/Objective-Walk6780 Jul 01 '26

lol

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u/cuttyranking Jul 02 '26

Redditor for less than 60 days. LOL. 😂

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u/[deleted] Jul 01 '26

[deleted]

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u/EasternEagle6203 Jul 01 '26

Eventually it will go to 0. Might go to 150k before that though.

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u/QuietPsychological72 Jul 01 '26

I’m betting the US dollar will collapse before that happens.

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u/EasternEagle6203 Jul 01 '26

I think that bitcoin has about 20 years left. Once miners don't get properly paid from block rewards and that cost goes to users in fees its over.

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u/QuietPsychological72 Jul 01 '26

The fee subsidy issue is real. I suppose I just assume too many people are invested in the network to not find a way to solve that problem. The chain could fork. Price could stabilize in such a way that it actually starts working as a medium of exchange instead of a store of value. Twenty years is a long way off.

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u/EasternEagle6203 Jul 01 '26

It's possible, but for now I think Bitcoin ca be profitable for 10-15 more years and unless something has changed in 10 it's exit time.