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Bitcoin Historical Trend:

( Credit: OTCbid.com )

 

 

Dec 2017 to Dec 2018: 6.28X Drop

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17/12/2017 = $20047.89 peak

16/12/2018 = $3192 bottom

20048/3192x100 = 628% drop

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April 2021 to July 2021: 2.21X Drop

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14/4/2021 = $64863 peak

20/7/2021 = $29393 bottom

64863/29393x100 = 221% drop

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November 2021 to Dec 2022: 4.17X Drop

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11/11/2021 = $68744 peak

31/12/22 = $16419 down

68744/16419x100 = 419% drop

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Assume November 2021 to 2023: 6.28X Drop

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11/11/2021 = $68744 peak

31/12/22 = $16419 down

68744/Dx100 = 628% drop

D = 68744x100/628

D = $10946 Bottom

 

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Conclusion:

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Based on historical trend, the biggest 628% drop is in Dec 2017,

BTC can drop from peak $68744 to the lowest $10,946 approx. (Subject to change)

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BTC could be heading towards $10900 bottom ie 628% drop

( May or may not happen)

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Possible trend up from $28755 to $235,000+ ?

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​Dec 2018 to Nov 2021: 21.53X Up

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16/12/2018 = $3192 bottom

11/11/2021 = $68744 peak

68744/3192x100 = 2153% Up

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​Assume 2023 to 2024: 21.53X Up (or 2153%)

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29/12/22 = $16,419 bottom

2024 = $xxx,xxx peak

$16419x2153/100 = $353,500 Peak

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​Conclusion:

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Based on historical trend, the biggest 2153% up is in Nov 2021,

BTC can go up from bottom $16419 to the highest $353,500 approx.

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BTC could be heading towards $353,500 peak ie 2153% up

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Craziest Bitcoin Price Predictions For 2023, 1,400% Rally Possible?

" Draper believes the benchmark crypto will experience a 1,400% rally, reclaim previously lost territory, and break above $250,000 by mid-2023. The BTC bulls believe macroeconomic conditions will push adoption much higher.  " - NewsBTC

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NOTE : N F A - NOT FINANCIAL ADVICE

This content is for informational purposes only and you should not make decisions based solely on it.

This is not an investment advice.

Do your own research and due diligence

Just an observation

Not my opinion

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Strike - Bitcoin Payment

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STRIKE ENABLES BITCOIN SPENDING ON EVERYDAY ITEMS WITH BITREFILL INTEGRATION

Lightning app Strike partners with Bitrefill, paving the way for users to effortlessly use their bitcoin to purchase essential everyday items and services.

- bitcoinmagazine

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Bitcoin DeFi

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​" Ordinals "2.0" (DeFi) have just arrived on #bitcoin. They're called "Recursive Inscriptions". It allows for inscriptions to request and use data in other inscriptions.. Why is this important? It dramatically reduces. The data stored on L1 + allows for new expressive smart contract functionality. " - Dan Held

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​KYC free Bitcoin without centralised exchanges: Bisq 101

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"In weak companies Politics WIN, In strong companies Best Ideas WIN" - Steve Jobs

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Keep your funds #SAFU… on Kraken (but #HODL using Ledger or Trezor only)

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Bitcoin Transactions Without Internet? ZeroSync/ Blockstream Make It Possible with Satellites in Space  - cryptonews

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10 Reasons to Invest in Bitcoin Over Other Cryptocurrency  - Bitcoin

 

Who is still banking crypto companies? - Ken Chapman

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WHAT WILL THE PRICE OF BITCOIN?

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" I asked it if 5% of the world's population put 5% of their wealth into bitcoin, what would its price be?

"It's difficult to accurately predict the exact price of Bitcoin in this scenario, as it depends on a variety of factors.

However, we can make a rough estimate based on some assumptions. According to World Bank data from 2020, the world population was around 7.9 billion people, so 5% of the world population would be approximately 395 million people.

As for the wealth of this 5%, it's a bit harder to estimate since the distribution of wealth varies widely across different regions and demographics. However, we can use the Credit Suisse Global Wealth Report from 2020, which estimates that the total wealth of the world's population was around $400 trillion. If we assume that the 5% investing in Bitcoin has a proportional distribution of wealth, their combined wealth would be around $20 trillion.

As of April 24th, 2023, the market capitalization of Bitcoin is around $1.1 trillion, with a circulating supply of approximately 18.7 million Bitcoin. If we assume that the additional $20 trillion investment is spread evenly across the current supply, it would increase the price of Bitcoin to around $1.09 million per Bitcoin."" - Andy Jarret

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Decentralized Exchanges

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" Smart move. The days of centralized exchanges with all their risks and problems (hacking, fraud, regulatory attacks, account freezes, etc) are numbered anyway.

Nowadays, you want to stay safe and stick with proper DEXs (trustless, counter-party risk free, surveillance/KYC-free, permissionless, censorship/overregulation-resistant and inclusive exchanges), P2P exchanges and atomic swaps wallets.
In terms of local cash⇄coin P2P exchanges, here are some that we use and that I can expressively recommend:

Bisq: https://bisq.network
LocalMonero: https://localmonero.co
AgoraDesk: https://agoradesk.com
LocalCoinSwap: https://localcoinswap.com "

 

- Jay Best

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HOW TO MAKE YOUR CRYPTO WALLET WORK LIKE A BANK ACCOUNT - Crypto Wallet

 

Bitcoin Ordinals are always mistaken with Bitcoin NFTs
Explaining the difference in less than 2 minutes - Serge Ajamian

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DEX ( Decentralized Exchange)

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" Fortunately, several of the highest U.S. judges have now confirmed that properly decentralized DEXs do not constitute exchanges but protocols or marketplaces and have asked the SEC to refrain from any further attempts at claiming regulatory authority over them. Despite the name, DEXs are fundamentally different from actual exchanges - they are protocols that are non-custodial and merely allow users to find and transact with each other but are never a party to the actual trade. This is a significant regulatory distinction that is not specific to the U.S. regulatory domain but can be found across virtually all jurisdictions. This crucial distinction is profound since protocols that allow people to freely communicate and transact with each other are rightfully constitutionally protected by the Right to Free Speech.

This means that the SEC's controversial proposed amendments to the Exchange Act Rule 3b-16 would be unconstitutional and unlawful and therefore null and void. "

References:
https://lnkd.in/e5_49PN9
https://lnkd.in/eNqDMpf6 "

- JAY BEST

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