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I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

by cehrlich 4y ago

postalrat 4y ago
Maybe after 10k it just halves every month.
- bogota 4y ago
  Maybe it does maybe it doesn’t. All of this discussion is founded in great TA and economics…
paulpauper 4y ago
right now the decline still seems to be at a constant rate
- bee_rider 4y ago
  Sigmoids look pretty linear at some points, right?
- mlyle 4y ago
  Yes, but extrapolating current behavior to the future is risky, especially when just extended a bit further the result is obviously ridiculous-- like a large negative price.
- bogota 4y ago
  Yea but not a constant percentage. A 50% in a month drop is much different than 10% drop of a much higher prices asset. Anyway i would bet 2 bitcoin that it will not be down another ten thousand in a month. However im not aware of any escrow that would hold btc for one party and usd for the other as im sure you don’t want to bet in btc if you think that asset is dropping. Not without using some derivatives on eth that I don’t trust anyway.
  - xwdv 4y ago
    It’s actually dropping by an increasing percentage each time. There is a clear path for Bitcoin being worth pennies.
  - pcthrowaway 4y ago
    You can do this with a smart contract if you're willing to be exposed to wbtc and a stablecoin of your choice. I wouldn't take the other side of this bet though, I'm long-term bearish BTC, but I don't think it will drop below $10,000 this month
ALittleLight 4y ago
That's when I plan to buy as much as possible.
- kleer001 4y ago
  Same. My gut check puts the bottom of BTC for this cycle around 14-17K USD. We'll see.
  - loeg 4y ago
    GP was making a joke about having to be paid to own crypto.
morelisp 4y ago
Given the infrastructural overhead is not reusable as a bank or even a mint would be, this seems possible. "Deal with disposing of my mining rig and you can have whatever's left in the account."
brianobush 4y ago
That would be an amazing price entry!

I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

postalrat 4y ago

Maybe after 10k it just halves every month.

bogota 4y ago
Maybe it does maybe it doesn’t. All of this discussion is founded in great TA and economics…

paulpauper 4y ago

right now the decline still seems to be at a constant rate

bee_rider 4y ago
Sigmoids look pretty linear at some points, right?
mlyle 4y ago
Yes, but extrapolating current behavior to the future is risky, especially when just extended a bit further the result is obviously ridiculous-- like a large negative price.
bogota 4y ago
Yea but not a constant percentage. A 50% in a month drop is much different than 10% drop of a much higher prices asset. Anyway i would bet 2 bitcoin that it will not be down another ten thousand in a month. However im not aware of any escrow that would hold btc for one party and usd for the other as im sure you don’t want to bet in btc if you think that asset is dropping. Not without using some derivatives on eth that I don’t trust anyway.
- xwdv 4y ago
  It’s actually dropping by an increasing percentage each time. There is a clear path for Bitcoin being worth pennies.
- pcthrowaway 4y ago
  You can do this with a smart contract if you're willing to be exposed to wbtc and a stablecoin of your choice. I wouldn't take the other side of this bet though, I'm long-term bearish BTC, but I don't think it will drop below $10,000 this month

ALittleLight 4y ago

That's when I plan to buy as much as possible.

kleer001 4y ago
Same. My gut check puts the bottom of BTC for this cycle around 14-17K USD. We'll see.
- loeg 4y ago
  GP was making a joke about having to be paid to own crypto.

morelisp 4y ago

Given the infrastructural overhead is not reusable as a bank or even a mint would be, this seems possible. "Deal with disposing of my mining rig and you can have whatever's left in the account."

brianobush 4y ago

That would be an amazing price entry!