Many technical analysts believe there's going to be a double top before the run is over ( Apr/May 2021 was the 1st ) . Fractal of past bitcoin cycles. Any thoughts ?
Bitcoin bull cycle done or $ 100,000 to come in Q4 of 2021, or Q1 or 2022 ?
- Thread starter LiveInTorontoPartyInMontreal
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everyone has diff thoughts
but I do think similar ..we will have a good 4th quarter then potentially pull back (Dec 17 is the date historically )
OFC others think the cycles are lengthening due to institutional adoption
Pull back to $34-37k then back up to $80-130k probably sometime is 2022 then major correction then possible $200k+ in the following few years.
I think Robinhood wallets is a major thing here that’s in play which will be released soon. These guys are a major crypto whale. Probably will get released when crypto is in a major dip which is happening soon. Some think it will fall below $30k again. Possible but I think rare.
The only YouTuber I watch for crypto advice.
I think Robinhood wallets is a major thing here that’s in play which will be released soon. These guys are a major crypto whale. Probably will get released when crypto is in a major dip which is happening soon. Some think it will fall below $30k again. Possible but I think rare.
The only YouTuber I watch for crypto advice.
If you had a nickle for everytime Bitcoin was predicted to go past $100k... then you would not need bitcoin.
They can always make more.
The whole "the code is law" is basically a myth.
My point though is... where is all that consumer money coming from? It does not exist. Someone is going to get caught holding a very expensive bag.
When in doubt just zoom out...it doesn’t make sense it won’t surpass $100k. It’s been going up since 2011. $100k is irrelevant and I expect it to surpass this amount by far in the next 5 years.
Zoom out for COINBASE:BTCUSD by FaheemSChauhan
Slow day, so I'm just playing with some ideas. Looking at the log chart, and the uptrends over the last year shows clear peaks and troughs seperated by 3 months every time. The ups and downs are getting larger. Murphy tells us the market repeats itself, moves in cycles. So what's the formula...
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“As of 2021, we estimated global crypto ownership rates at an average of 3.9%, with over 300 million crypto users worldwide. And over 18,000 businesses are already accepting cryptocurrency payments.”
Global Cryptocurrency Ownership Data 2021 - TripleA
Find information of cryptocurrency ownership data in your key markets. Reach hundreds of millions of crypto owners with crypto payments.
triple-a.io
It doesn’t make sense what is said here. We are still early and institutional investors coming on board and now countries starting to adapt.
I don't think anybody has calculated a realistic valuation cap. You talk "institutional investors", and "300 million crypto users".... but there still has to be money to back the crypto. If there is not.... then it's just fractional reserved banking... and if that is the case, then it's a bad case.“As of 2021, we estimated global crypto ownership rates at an average of 3.9%, with over 300 million crypto users worldwide. And over 18,000 businesses are already accepting cryptocurrency payments.”
Global Cryptocurrency Ownership Data 2021 - TripleA
Find information of cryptocurrency ownership data in your key markets. Reach hundreds of millions of crypto owners with crypto payments.
It doesn’t make sense what is said here. We are still early and institutional investors coming on board and now countries starting to adapt.
As of 2021, we estimated global crypto ownership rates at an average of 3.9%, with over 300 million crypto users worldwide. And over 18,000 businesses are already accepting cryptocurrency payments.
Remember, there has to be enough money so that if everyone sold there crypto on the same day.... they would all get there money. But there isn't. There is only a fraction of that money available. The early ones cashing out get full value.... and mathematically, its value sinks like a stone for the rest.
Do not talk mathematics to people who believe in charts analysis and astrology (which are, basically, the same, as they both based on imagining a pattern in random sample).
The words and drivel you write on here do not match reality and the BTC price growth over its inception since 2009 its use by people to buy goods and services and institutional utilization of BTC and it’s current market cap. The fantasy you keep preaching is a projection of your own state of being. Even in 10 years from now you will refuse to acknowledge reality, it’s growth and utility.
Your group of like minded haters sound like some cult where your version of reality is the truth and nothing outside that exists is possible to exist. You ignore it’s current price, how many people and institutions use it, its utility, where it’s going because it’s outside of your reality box or paradigm that you can’t understand so it must be true.
I wonder your mental state in 10 years when you realize how wrong you are or will you just forget ignore and continue with some other drivel .
I can say the same thing about the Stock market and the banks. If everyone wanted their money there wouldn't be enough right?
So if everyone cashed out their stock on the same day in all the markets no problem right?
But we all know that. No body is pretending otherwise. 1907?
I also believe that most thinking people understand the actual value of a $5, a $100, and a $1000 bill are the exact same. Just paper, with some fancy colour, and a number slapped on it. We only treat them different at this point in time because of good training.
Neither are the smart investors. My money is in crypto that will do things and does things. As to the dumb ones penny stock investors with delusions of grandeur have existed since the stock market began.
Tell us, what 'things' does your 'crypto' do for you besides buying/selling 'crypto'.
Vechain is a system whereby shipping is tracked. If you look them up you will see the various companies like BMW already partners with them. A larger expansion is coming next year with a 5 year deal with full Chinese govt approval.
ADA Cardano is an overall operating system using Blockchain. The possibilities are endless but they already have some smart contracts in production, Govt contracts for information storage, a mobile internet partnership for 3rd world nations.
And the native tokens will generate income like dividends.
Okay now, what you are taking about are forms of 'blockchain' platforms, NOT "crypto currencies".
Do Bitcoin and other crytpo currencies perform useful, value added business/economic functions such as Vechain and Cardano?
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The terms are generically interchangeable. But yes that is the bulk of my holdings. Looking 5 years down the road. And certainly not all in. It was extra disposable income I had due to Covid. If it goes well I will have a nice little income top up for extras.
