Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by cehrlich | Hacker News Reader

Parent Full thread

cehrlich·

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

View on HN

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

Same. My gut check puts the bottom of BTC for this cycle around 14-17K USD. We'll see.

GP was making a joke about having to be paid to own crypto.

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."

That would be an amazing price entry!

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

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.

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.

It’s actually dropping by an increasing percentage each time. There is a clear path for Bitcoin being worth pennies.

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

Sigmoids look pretty linear at some points, right?

Maybe after 10k it just halves every month.

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

Reply on news.ycombinator.com