What type of analysis is this

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alex.shardLegendary
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#1Oct 20, 2017, 01:00 AM
Cathie Wood, CEO of ARK Invest, claims that bitcoin is now a "proven" asset and suggests it won't see massive drops of 85% or more from its peak prices anymore. On the flip side, analyst Tony Severino argues that we might see a significant dip in 2026, predicting a 72% drop could bring bitcoin down to around $34,000 during this bear market. Personally, I'm thinking that $57,380 is the absolute lowest we will see for bitcoin. Honestly, I believe it won't fall below $50,000. Even if it dips under that mark for a moment, I'm convinced that it will trigger serious buying pressure, quickly pushing the price back over $50,000.
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gigahodlerFull Member
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#2Oct 22, 2017, 08:26 AM
It is not yet possible to say how low the price of Bitcoin will fall, many people make predictions in advance, time will tell how true it is. But I have also heard in several places that there may be a big fall in the Bitcoin market. But after this fall, a big bull run may be seen in the Bitcoin market. However, there is no certainty whether this will be true or not. If the price of Bitcoin really falls below $50,000, then I will sell each of our lands and invest the entire amount in Bitcoin and as you said, if the price of Bitcoin falls below $34,000 or $40,000, then I will continue to try to buy as aggressively as possible.
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the_kingHero Member
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#3Oct 22, 2017, 11:34 AM
We never know the true speculation and predictions, as you say. Considering the war situation between Iran, the US and Israel, which has spread to other countries, this could cause a global economic crisis, what's more, there is news of missile targets targeting the stock exchange, technology and so on. of course this is a real threat and fear for local and international investors, of course if the situation is not controlled, I speculate the price of Bitcoin will fall even further, far from $50k...
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sam.bullSenior Member
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#4Oct 22, 2017, 03:10 PM
The best we can always do is speculate and no possibility Is ruled out At first I thought we won't go under $70K or stay under Since previous ATH was around. That range But we did and we still there. I can agree Bitcoin volatility has been reducing as cycles pass But I believe like most so called expert he's speaking off his ass. The volatility I'd usually measured from ATH not by year so yeah around $50K could be the lowest we can go.
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WildBearSenior Member
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#5Oct 22, 2017, 05:16 PM
They're free to say any speculation based on what they think about how low it can be this time. Cathie owns a lot of it so, she's basically going to say a lot of comforting words and predictions for her satisfaction. While the bear people can also say the same thing. So, these are mere opinions and they have the freedom to voice themselves out. And for me, I don't like to see more drops anymore. If the range of $55k-$60k is the bottom, much better.
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humblefarmSenior Member
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#6Oct 22, 2017, 09:13 PM
I like Cathie Wood because of her strong confidence in Bitcoin as an asset. But sometimes she comes up with extreme predictions that sound extra ambitious. I agree with you OP that Bitcoin might not go below $50,000. Except something very bad happens to the global economy, the price in my view will always go above $50k. I am also targeting to buy more coins if Bitcoin drops within this price margin.
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jake.seedFull Member
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#7Oct 22, 2017, 11:52 PM
The bitcoin market is a speculative space and everyone can just come out and say what they foresee of the market with or without facts as to why they’ve speculated it to be so. You have your own reasons to believe that the market won’t fall beyond $50,000 no matter how bearish it gets, but another speculator could just see yours not making any sense and bring up another fact as to why his is better to be looked onto more than yours. If we’re keen on actually bothering ourselves with the speculative view of many people especially even influencers who have little, more knowledge or even plenty of knowledge about bitcoin, we will just not see any result of theirs in the long run while maybe their results was what some may be working towards. This is a speculative market than anyone can speculate on but it doesn’t mean they’re right because no one can predict the market accurately.
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Gig4L0rdSenior Member
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#8Oct 23, 2017, 05:22 AM
Basically, everyone is free to speculate or offer opinions on how low Bitcoin’s price might go in the future, however, as holders we must be wise in our decision making and not easily fall prey to FOMO or FUD. As long as your focus is on investing, regardless of the price, you should simply continue buying within the budget you’ve set. Personally, i believe Bitcoin price could indeed reach $34k; it’s not an impossible goal. However, there are still specific price levels that need to be broken through first. For instance, at the $50k level, there’s a demand/support zone an area that’s been tested multiple times but hasn’t been broken, merely retested before rebounding, there’s a significant number of buyers here. Perhaps next, if $50k is successfully broken out, the final defense level is at $41k–$43k, a weekly demand/strong support zone. It’s very likely this will become Bitcoin’s lowest point, as this zone is still fresh, has never been touched before and has the potential to become a reversal point.
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w1z4rd100Senior Member
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#9Oct 23, 2017, 08:18 AM
I somehow agree with Cathie Wood here; everything's changed now with the Bitcoin market. If we can't ever experience these huge drawdowns again, we must not also expect huge pumps or gains ever again, just like what happened in the post. There are already a lot of things to consider now, especially since institutional money is already here. So what I can see is that we will start experiencing huge drawdowns from all-time highs, and lower volatility (compared to before).
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defi_2017Senior Member
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#10Oct 23, 2017, 10:12 AM
Why do you pay any attention at all to anything Cathie Wood says? Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says The Wealth Destroyer of the Decade Anyone of us is better qualified to make analyses and predictions, because at least we haven’t spent our time destroying billions in wealth. The thing is, Wood had a few months where her investments were going really well and she started appearing in the news and on YouTube videos, but that run didn’t last long. I don’t know how she has the nerve to go around acting like she knows it all. I click ‘not interested’ on every video of hers I see, and yet I still get more of her videos popping up from time to time.
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jake_gweiSenior Member
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#11Oct 24, 2017, 04:45 AM
To be fair, anything can happen, its bitcoin we are talking about and bitcoin going lower than $50k is possible but as much as I doubt about Cathie Wood capability to predict the future price of bitcoin seeing how bad her funds has performed, I do agree with her that bitcoin already has the reputation as a proven asset and such huge drawdown won't be happening. There will always someone in the market who are willing to bet on bitcoin and open a big long position and take advantage of it. Current prices proved it, people are still longing bitcoin at this price, surely there will be more people willing to open long at lower price.
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dave_byteFull Member
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#12Oct 24, 2017, 05:10 AM
I am just worried that there is a possibility of a decrease in buying interest due to the weakening market caused by a war that might become more serious. When the global economy is severely affected by the impact of war, especially if a crisis occurs, it can influence investment interest.  If the market situation is still good, I believe that if Bitcoin drops to $50k, there will definitely be buying pressure that will push Bitcoin to move up again in a short time.
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vault_alphaHero Member
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#13Oct 26, 2017, 11:47 AM
In the end, you guys are all speculating, which should all be respected, especially as their speculations are all reasonable. The person who said it's about 85% or the person who said 72% and you who believe it's about $57,000, and even me who believe it could hit between $45,000 - $50,000, especially if $59,835 gave way lower, have one thing in common: Bitcoin Will Sell. So, since no one is perfect in speculation, all must be respected because, 1. we don't know exactly where it will reach before going back (we're only speculating) and 2. None is as ridiculous as those who would say Bitcoin will hit $1,000.
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L0neDegenSenior Member
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#14Oct 27, 2017, 03:09 AM
I tend to agree with this, however, keep in mind that the buyers' money is not infinite and there's always a chance that the current state would change. On the "analysis", I said it (too) many times before too: those "names" tend to be more focused on getting their names visible in the news/discussions than telling something accurate. Because, you know, the normal doesn't bring audience... I'd not care that much on what they said.
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D4rkFalconSenior Member
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#15Oct 27, 2017, 05:50 AM
This theory is proven from the last bear and bull market or people called the 4 year cycle but in my opinion this could be wrong because the last bull market already different and now people are buying bitcoin not just enthusiat or maxi but all over the world the regulation of crypto are getting ease. In country like El-Salvador already been used as legal tender already. The last 2 past cycle bull market bitcoin hit from the bottom is 350% and has a drawdown of around 76%, but the really last bitcoin only pumped 150% ish which half of it the bear market maybe have drawdown max at 50%
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gas42Full Member
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#16Oct 27, 2017, 11:41 AM
When it comes to speculations whether they are known or some average joe, i dont really care at all. We are on a speculative market so expect that there would be tons of speculations around telling this and that. Saying about the price wont be going down into these levels or even saying that we would reaching out a particular price when it pumps. Instead of believing it would rather that you would be just go with the flow on what the market could bring. As a trader/investor then you would be needing up to have that analysis and basing up on those cycles and now that we are on bear market season based up on the 4-year cycle then we might really that go into those levels on which considering that these numbers arent really that too far off. Also, always consider about on the probabilities and chances on which we know that it could really happen on least expected. I do agree on what been said above that those names that are trying out to say those speculations around would  rather see this to be that trying out to have that publicity and having these kind of speculations on which even an average joe could be able to do so.
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bear_maxiSenior Member
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#17Oct 27, 2017, 02:08 PM
This is their own personal predictions and this is not going to be the certain or actual scenario to what we should expect from the market performance this year will beyond, it is very likely and possible that we have something below $60,000 as the market price due to the beer season, but I'm not in full support of getting longer or seeing the market going further to plummet around $50,000 because there is going to be a strong support within this price range and we may not even stay long at it when it is being experienced.
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fullnodeSenior Member
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#18Oct 27, 2017, 05:11 PM
Cathie Wood is right about Bitcoin being a proven technology at this point, but that doesn’t guarantee that black swan events that crash the price of Bitcoin by such an amount won’t happen. If the global economy enters a period of depression, a lot of liquidity is going to disappear, putting her theory to the test. A decline of 85% would bring Bitcoin below $20,000. That seems improbable even under extremely unfavorable conditions, but you can never be fully certain with how fast technology can move. It could take something like a quantum computing related catastrophe to bring the price that low.
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wildomegaFull Member
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#19Oct 27, 2017, 05:31 PM
Not a permabear but aren't we saying that we will not gonna fall $70k-$60k range when we are at $120k last year? I'd be skeptical on saying that one because a tick below $50k would also mean some huge capitulation towards other key supports or psychological levels. Moreover, I think $50k is a good key level but if we say that Wood will be correct on that analysis then $40k is a must to hit before we see a huge spike of a rebound. Anyone can say what they think but I'd take caution and fact check it myself.
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satoshi23Senior Member
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#20Oct 28, 2017, 02:00 AM
The truth is, we will never truly know. All these are just personal speculation, and I can have mine too, but nobody can be too sure of the movement of the Bitcoin price. I did not expect the Bitcoin price to get to the level it got to, but I was not too surprised either, because you never really know what to expect with Bitcoin. I also believe Bitcoin will not go down to $50,000. I don't really have any technical reason for that; it's just an opinion, but I believe it.
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