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mattaroo
73b90bdd05447f972ea5b7f9477c066dc7dfcacdc989212b6dbc8c79f2daee42
Family First For Life. Save Some Sats. ₿ank ₿etter. MONEY GIVES YOU WINGS. ₿ITCOIN IS THE GOLDEN EAGLE. ₿uy more ₿itcoin. Currently sitting on the 3rd stone from the sun and looking out.

At $79,600 we just made this cycle’s largest drawdown at 27%

Replying to Avatar BitcoinSandy

They fucked up 🤪

Right now we are at a 23.6% draw down. Totally reasonable for a ₿TC bull market. 40% draw downs in bull markets are more typical. This time around the 4 year cycle, the ETF’s may change that metric though.

Check your math. 109k with a 31% draw down is $69,760.

31.6% draw down on what? If you are referring to ₿TC we aren’t even close. That would be a 75k price.

The hash price is very low right now. This usually means the ₿TC price is bottoming. We will see if history repeats.

When short term holders start selling for a loss, which they are doing right now, marks a good time to stack. It means that you are most likely not buying at the top.

Same with pilots who don't stick the landing so they do a go around. If they have to do that a second time, they wont do a third time to avoid embarrassment even if it means they crash on that third attempt.

"52% of all dollars are willing to buy Bitcoin above $90,000" James Checkmate. That is extremely bullish.