Bitcoins/Litecoins/Virtual Currencies

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Flobee

Flobee

Vyemm Raider
2,695
3,103
Just a reminder that we're right in the cyclical window for BTC price to run hard. I wouldn't get too attached to any narrative as to why this is happening outside of that personally. Sell if you want, but I definitely wouldn't short it. Go reference charts from 2020 and 2016 in this same time period for reference.

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Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
10,049
17,120
Flobee said:
Just a reminder that we're right in the cyclical window for BTC price to run hard. I wouldn't get too attached to any narrative as to why this is happening outside of that personally. Sell if you want, but I definitely wouldn't short it. Go reference charts from 2020 and 2016 in this same time period for reference.

View attachment 555406

View attachment 555407
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I see no obvious correlation in your charts. You might as well have chosen May of 2020 in the top chart and Sept of 2016 in the bottom chart.
 
Flobee

Flobee

Vyemm Raider
2,695
3,103
Tmac said:
I see no obvious correlation in your charts. You might as well have chosen May of 2020 in the top chart and Sept of 2016 in the bottom chart.
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  • The second halving took place on July 9, 2016, reducing the block reward from 25 BTC to 12.5 BTC.
  • The third halving occurred on May 11, 2020, reducing the block reward from 12.5 BTC to 6.25 BTC.
  • Fourth Halving: April 19, 2024 (block height: 840,000, block reward: 3.125 BTC)
I chose today's date in the halving years of the prior two cycles. My point being that historically price starts to move 6-18 months after the halving. If you believe the halving is the cause of cyclical price expansion then this makes sense. Until proven wrong I tend to believe that BTC runs in 4-year cycles and thus this is a poor time to sell. My 2c
 
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Sludig

Sludig

Potato del Grande
10,064
10,741
Think Eth will keep rotating with btc. Slowly getting back to where i bought in line 3 years ago foolishly from this thread. So cranky coinbase being laggy had me submit 2 buy orders and get more than i wanted.

Btc up a smidgen and wag leaning towards just cashing it now, it's such a trivial amount even if it ran for the moon itd still only be like maybe a grand and i don't have the cajones to invest in it for real and do a real wallet.
 
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