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First Step Bitcoin

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168 contributions to First Step Bitcoin
Bitcoin Indicating Next Rally is Near
According to multiple analysts and indicators like the 2-year MVRV Z-Score, Bitcoin has reached historically oversold levels, surpassing those seen in the 2018 and 2022 bear markets. This is based on the metric's reading, which indicates most holders are experiencing unrealized losses,* a condition that in the past has preceded major cycle turning points and potential trend reversals. MVRV Z-Score: The MVRV Z-Score, which compares Bitcoin's market value to its realized value, has fallen to its lowest point ever. This suggests Bitcoin is deeply undervalued and most of the market is holding unrealized losses. Historical Comparison: The current level of oversold conditions is even deeper than what was seen during the 2018 bear market bottom and the 2022 FTX collapse. Potential for Reversal: Historically, such extreme oversold signals have marked major turning points in Bitcoin's market cycles, potentially signaling an upcoming reversal or rally. Market Psychology: Analysts note that this situation is often accompanied by fear among traders, even as data points to extreme undervaluation—a classic case of market psychology at work. * You only experience a loss if you sell at a low point instead of holding.
Bitcoin Indicating Next Rally is Near
1 like • 11d
No sell = no loss and steady gains
1 like • 8d
@AP Wilcox Sure
Is something wrong with Bitcoin?
Bitcoin hit its all-time high price of $126,000 last month on October 6. Since then it has dropped around 27% and is currently trading at around $92,000 What is going on? Is this normal, or is something wrong with bitcoin?
Is something wrong with Bitcoin?
2 likes • 24d
It looks to me like it's just doing what Bitcoin does. This is a 2-year chart and you can see that it has vast ups and downs, but the overall trend is up. In my opinion, it's getting ready to make the next new high.
1 like • 21d
@AP Wilcox Yes, I think it's consolidating before the next big Rally.
⚡ Bitcoin Entrepreneurs — Midday Pulse Check
Before you refresh the chart again… pause. Ask yourself the only questions that matter: 🔶 Am I stacking because I understand the mission? 🔶 Am I building because I trust the math and the incentives? Price swings aren’t threats — they’re filters. Volatility shakes out tourists. Builders stay. Stackers stay. Earners stay. Every dip = background noise. Every new block = unbroken signal. Every sat you add = more sovereignty. Stay focused. Stay hungry. Keep scaling your Bitcoin income engine. 🚀🔥
2 likes • 25d
Good advice. I only look at charts once a month when I'm buying with my leftover monthly budget money. At that I only look at charts that are 2 years or more in track record.
1 like • 24d
@Christopher Rogers Exactly
What inspires you about bitcoin?
When I first learned about, bitcoin, I didn’t see it as a way to build wealth I was excited and inspired by it, because it was a way to beat inflation It was strong money that couldn’t be corrupted or hijacked for other people selfish purposes Now bitcoin inspires me more than anything else because it’s going to bring wealth to so many people who never had any tools available to them for building wealth What inspires you most about bitcoin?
What inspires you about bitcoin?
2 likes • 29d
@Roberto Srpak Well said!
2 likes • 29d
"Bitcoin is scarce, secure and impossible to inflate away. Unlike paper money, bitcoin cannot be printed into worthlessness. Every transaction is permanent, every token verifiable. It is liquid, divisible, global and unstoppable. It is the ultimate store of value for the digital age." — Nigel Farage
Bitcoin is Scarce, Secure and Impossible to Inflate Away
Nigel Farage is the UK politician that led Brexit and is now pushing for Bitcoin reforms in the UK. Writing in the London financial newspaper CityAM, Farage criticized a proposed (recently watered down) Bank of England cap on dollar-pegged stablecoins for individuals and promised to "slash capital gains tax on cryptoassets such as bitcoin from 24% to 10%." - "We will also create a bitcoin digital reserve at the Bank of England," Farage wrote. "Bitcoin is scarce, secure and impossible to inflate away. Unlike paper money, bitcoin cannot be printed into worthlessness. Every transaction is permanent, every token verifiable. It is liquid, divisible, global and unstoppable. It is the ultimate store of value for the digital age." — Nigel Farage
1-10 of 168
Phil Wilcox
5
194points to level up
@phil-wilcox-7323
My first Bitcoin buy in 2024 has more than doubled đź’˛

Active 19h ago
Joined Sep 16, 2024
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