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RE: Math-Based Fundamental Value Analysis Has Been Right About Bitcoin Bear Trend So Far - What Does it Tell Us About When Sustained Growth Will Return?

in #bitcoin7 years ago

Followed and upvoted. Good material.

I disagree with comments on $4K or $6K as entry points. That is the difference in a 5X or a 3X gain when BTC goes back to $20K.

I think BTC could get down to $4,000's before we see a bottom.

https://steemit.com/bitcoin/@davebrewer/bitcoin-prices-won-t-be-at-the-bottom-until-they-drop-down-into-the-usd4000-s

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That remains a possibility. But it is looking more likely that it would need an adverse event or two to step it down further to 4k levels. And yes anyone would prefer 5x over 3x. The point is whether to choose a guaranteed 3x or a riskier 5x and end up with 2x or worse? But I won't quibble much with a strategy that goes for a big gain by waiting for 4k levels, but it may require more watching and diligence.

Patience and diligence are not hallmarks of many noobs in crypto space. But it will deliver the best result