Bitcoin Forum

Leading analyst PlanB believes that BTC will see good growth in the next few months, given that Bitcoin has been able to maintain its price level in the bear market.
In a new tweet, PlanB told its 457,000 followers not to reject Bitcoin's widespread rally theory in the coming months, as the currency remains strong amid an influx of downtrends.
“Net result (after Turkey ban, US tax FUD, Faketoshi lawsuits, Elon/Tesla energy FUD) is that Bitcoin is 5x higher than ~6 months ago. And both stock-to-flow model + on-chain data indicate that we are only halfway through this bull market. I would not be surprised to see another 5x next ~6 months.”
The analyst added that the current bitcoin market seems to be a continuation of the 2013 cycle, in which BTC increased 10 times in a few months.
“Yes, markets are (as always) probably overreacting to Elon’s betrayal, so beware you don’t miss the possible gigantic spike back up (like the 2nd half of 2013 bull market: if you sold below $100 on the news that US government seized MtGox accounts, then you missed the spike to $1000)… In today’s terms that would be a jump from $50,000 to $500,000.”
The reason for Bitcoin's current low volatility in PlanB is that traders who buy at a lower price are retaining profits.
“We want, ‘all models to be broken’ and $100,000 BTC now. Truth is that it takes time. Some investors with 5x profits last couple of months, do not care about the Byzantine General problem or ECDSA (elliptic curve digital signature algorithm, SHA256 (secure hash algorithm), or P2P (peer to peer). They trade numbers on the screen and take profit. Patience is a virtue.”



Source: https://dailyhodl.com/2021/05/15/bitcoin-could-see-huge-gains-in-six-months-says-planb-heres-how-high-btc-can-soar/

I think so too (although I recognize that I have much less knowledge than PlanB). A lot of people get desperate very early, they are traders who can't help but buy or sell short on news, like the recent Musk news. The history of Bitcoin shows us that those who sell as a result of news like this is a mistake.

This post has made me realize that I have homework to do, as I understand well the problem of Byzantine generals and P2P, but I have to read more about ECDSA and SHA256.

6 months? Easy to form this kind of assumption considering the fact that BTC and many popular altcoins have been rising steadily in recent months.

The primary reason why BTC value will continue to rise in my opinion is the COVID-19 effect which will continue wreaking havoc for many more months in the future. Another reason is the supply and demand logic.

Patience is a virtue, yeah. It is a so true saying. Tesla's recent action and the other incidents happened on the same day hit the cryptocurrencies hard. And it looks like we will have to wait for some time to see Bitcoin price recovering to its old levels ($60k). And if you are a HODLer, you should already be accustomed to be patient.

Definitely. That's why most of us here have stayed for long because we're too patient enough to wait for bitcoin's next big move. It's going to be the next better months and we're having through a correction which is healthy and fairly normal, just as the usual market for bitcoin.
There's no need to worry if somebody looks at the market on its daily trend, don't look at that chart but instead look out at the possible future and compare it to the past rallies.

Whatever he says in analysis, everyone should always consider all the risk involved in investing and trading bitcoin and I don't think that should be used as financial advice either. Even though in the long term I think the risk of investing in bitcoin is proportional to the result you get, bitcoin is an asset that can change at any time. We've been through a period of correction price in the last month, so in the next 6 month I think a lot more could happen to bitcoin.

A lot more could and can happen to Bitcoin in the next 6 months for sure.

Bitcoin has been following PlanB's STF model, even in these difficult
few weeks we are still "on target" which is remarkable.

Again over the last few weeks of sideways price movement everyone
has got a dose of reality, Bitcoin cannot and will not continue upwards at
a constant rate, there are distractions for the non believers, like Ethereum
and other $hitcoins but like 2013 & 2017 Bitcoin will overshadow all

Bitcoin is bullish in the long term. Even without the pandemic and other reasons, bitcoin will continue to grow.

I don't believe in any Plan B for bitcoin. There is only one way to go for bitcoin and that is bullish.  8)

I follow PlanB's Twitter, so I believe Bitcoin will go up too. Maybe now is the best time to buy more BItcoin.

Despite Elon, this price will increase. Big companies haven't invested unnecessarily in bitcoin. That's why I am very hopeful. I think we can see 150 thousand dollars by the end of this year.

With the initial euphoria and exuberance fading in favor of a gradual return of pragmatism, the general public is now more aware of the Bitcoin reality, who are in search of information on the digital currency.
However, I believe Bitcoin's price performance in the near term is expected to be impacted by a number of headwinds, including the U.S. The Securities and Exchange Commission (SEC)’s decision regarding Bitcoin ETFs.

bitcoin growth is the amount of public trust. And that's what bitcoin needs to grow. bitcoin is the v1 of cryptocurrency, Before companies review about cryptocurrencies surely they research bitcoin first. Right now only Elon Musk is famous. I'm sure the next one is samsung.

Majority of us here I will assume still thinks that we are still in the bull run and the price could really rally up to the end of the year. Although the price this month is not what we expect because of so many factors, including Elon Musk which put some dent of the price. So we need more patience, we could be still on track of reaching $100k before 2021 ends.

This might be true, but it's just a speculation. Extrapolating data from the past and expecting it to be accurate in describing the future is a dubious strategy. We don't know how far Bitcoin can go, and after the last ATH there were years of stagnation, so it's reasonable to predict something similar will happen this time. Technical analysis isn't science, and there's no way to know whether this chart provides a reasonable prediction or not. IMO, there's clearly a strong support for $50k, but very weak support of $60k. So it's hard for me to believe that BTC can go significantly above $60k and remain there for a while.

The market is not bearish yet in my opinion. It is a correction for higher highs and patience as well as determination will help hodlers to have better profits than traders or weak investors.

I believe Bitcoin will have higher price but I don't advise anyone to make loans or use leverages for their investment or trade. Because with corrections and even with bull run, you will lose money if you use too high leverages with bad entry prices.

Loans have expiration and such call will result in bad decisions.

It takes time so it requires patience to see $100,000 for one Bitcoin. If you believe Bitcoin will have that price, why not hodl it. 1 Bitcoin is 1 Bitcoin and you will only lose your Bitcoin if you sell it at bottom. If you buy it back at higher prices, you will lose some fraction of bitcoin.

And if we have to look at his prediction:

https://i.imgur.com/jHan7mi.png

It is still on the target, and his prediction is:

If we follow 2017 trend we will see $180k++, and if we follow 2013 trend we are on the way to $230k++.

It's not even December yet and they are all in panic.  ;D
Those who had experienced it a lot of times will surely know why. It's not just Christmas that needs to be celebrated.

The pandemic had been a big punch to the economy but what the hell, Bitcoin didn't even plunge to a price that I want. Yeah, let my money in.
That proves a lot of things. Bitcoin is not that weak to be pushed with a fudster with rich followers. It could surge back and we won't even be ready for it. 

I am sure that bitcoin price will rise again and reach new higher level but I am not sure about that 6 months. Bitcoin always unpredictable. I always keep an eye on bitcoin market, and I think the strongest factor that influence it price is sentiment. So I always look at the news that spread and follow the trend. My strategy is not based on time but more close to market behaviour, when the price getting more stable then that is a sign for me to take a decision to buy or sell because bitcoin market is volatile so it will not stable forever. But still I think 6 month is too long, maybe it only need 3 or 4 months. But I am not an expert and my strategy is not the best.

Nobody knows for sure, heck even in a month you might see drastic changes. There's no need to guess when it happens, as long as you follow your strategy with discipline and act according to the latest situation.

Hopefully the next run will also trickle down to low marketcap coins and NFT/defi and stuff like that so the poor bunch will get the share of the pie.

Ya i agree with that, i believe the price of bitcoin will keep rising in this year and i think at the end of december it will hit more than x10 times from this current price. For the NEW ATH, i think BTC will break it in the next month after the US TAX.

and it is a shame that the new arrivals have experienced considerable panic. they weren't ready for a sharp drop on Bitcoin the past few days. even though they do not know that Bitcoin will continue to show its rapid growth again. even though the FUD has dropped the Bitcoin price below $ 50,000 this time, we remain calm and already know that Bitcoin without the need for interpretation from any party will restore conditions in its own way too.
One thing that we need to pay attention to is to read the direction of the pope's thoughts.

This is nothing new that most people who understand what time we are in have not already concluded. If we compare 2017 and 2021 which have in common that they come after halving, then the logical conclusion is that a big bull run is still waiting for us - of course assuming that history will repeat itself. Although all this is at the level of speculation, because let's be realistic - all the money invested in BTC came in large part from big players who primarily want to make a profit and the question arises when they will be satisfied and start selling.

At the moment, Bitcoin is skillfully manipulated by a man who more than obviously wants to make as much profit as possible, and in my opinion it could have a big impact on how the market moves in the coming months - because if someone like him has $1.5 billion in BTC, it’s not hard to predict what he might write in his next tweet. "I sold my BTC" would certainly have far more severe consequences than "I think BTC is a bad payment option".

There's nothing wrong about making predictions, bitcoin is indeed a very successful coin and it tops the market for a very long time already. Regardless of the issue it is facing with regards to Elon Musk and Tesla, we all know bitcoin will still be able to come back strong afterwards. I agree that in the next few months, bitcoin will grow even more and achieve more ATHs. Let us keep on holding and believe on bitcoin's domination in the market so that we can benefit the most when the time comes that it regains its composure.

S2F model is WRONG! Bitcoin will grow much more then they predicted.....

Bitcoin's history has shown us. Bitcoin decreased and then soon increased again. Recent FUD news can only make Bitcoin prices fall in a short time. We will witness a new bitcoin price record in the future.

Nobody knows what happened next six month about bitcoin.But believe that obviously next six month will grow by bitcoin.

I think Bitcoin will grow not only vulnerable in the next 6 months, moreover, all the events that caused the Bitcoin price to drop drastically lately, made the holder hold on. but other than that, the decline is only a means for large holders to accumulate more Bitcoin. and in the end they make bigger bubbles.

Bitcoin price will surely grow up. The is not the first time Bitcoin is experiencing drop in price, it happened in 2019 when the price fell to $8k towards the end of the year, and towards the end of 2020, Bitcoin was trading above $20,000.
Analysts have predicted that Bitcoin will likely hit $111k by the end of this year. I think this is the right time to invest in Bitcoin.

This is also what the CEO of Pantera said in an interview which he is saying that about six months later BTC will go high again. I don't see why it will not go high soon, this will however vary because of the accumulation of the traders who are trying to grab more of their holdings. A dip in price is a buying opportunity for some.

As always everybody is speculating what could happen and what price it will be when it bounces back.

I also believe that bitcoin will grow more before end of this year. Although all we have is just predictions but for me it's the reality because the demand of bitcoin keep on increasing. No doubt about bitcoin. It's better to invest now rather than regret later.

Just another market presumptions and could be a sort of optimism. To recover in six months?
Should I have to believe that? Well, it could be possible but base on the previous bear season, it takes 3-4years before it recovers and I think we need to wait for this after the halving event.

It is really hard to make a conclusion that we are going to face bear season. Because if we take a closer look at the market chart and analyze it, I could say that we are still far from the bearish period.  $48k is still a high price and is still sustaining for several days without dumping so hard below $45k.

- Knowing this is not the first time, but every year in such periods of decline, bitcoin bottoms create very different losses, a drop of a few thousand dollars is still an acceptable number and investors still dare to hope for more. However, the range of price drops has doubled and even tripled compared to previous years, investing can sometimes cause goosebumps and insecurity, intuition and sniffing the smell of danger will inevitably appear, need some capital changes and reduce investment methods, can't increase the pressure by investing

This is just another speculation just like what happened in 2017 but it didn't go as what people expected. Nobody knows what will going to happen in the future so Bitcoin within six months will double is a bit unrealistic to me. Maybe if Bitcoin stick to its current price trend like $40k to $50k+ within this whole year is not bad.

We never know what tweet Elon Musk would release but it's like people are so addicted with his tweets that almost instantly they what they read. I don't know if he's going to another shitcoin or hype Bitcoin to push its price, we don't really know what he's thinking. I hope history would not repeat itself just like what happened in 2017.

Could this speculation come true? I am not surprised if there is an article that wrote about bitcoin that will grow in the next 6 months, it is still nil and has not been seen by how the trend occurs and we are currently only the trend that determines the atmosphere of the market to come.

Elon always creates a new atmosphere with his tweets but if this is encouraged, he just wants to see the base price, of course he will do something he can control a part of the market so it will focus on him a lot with a lot of awaited tweets.

I am just optimistic that bitcoin can grow again from time to time.

I do feel like Bitcoins is being attacked from a lot of sides. It been attacked by people for not being energy efficient, but at the same time there are a lot of inefficient things in the market which is overlooked quite often.

- Square just commented about how they would not buy more Bitcoins since they are already in a lot of loss from the previous year.
- Tesla have already dumped and trying to Manipulate people to buy doge coins, the guy is trying to make more profit by taking the new cryptos to the moon.

It will take a little while longer to recover from all these things. It's definitely going to grow up in few months for sure.

Don't worry hold , you won't loose as long as you won't encash.

Exactly, and what if all this that is happening is to actually shake off paper hands so that the real investors can accumulate more before the next Bull market takes off to $100K? I do believe that bitcoin has really held on to around that $45k+ price and if we were really in the bear market, I presume it would have gone down below that with all the negative attacks thrown at it.

Be afraid when others are greedy, and be greedy when others are afraid. How many times we have made sure that Buffett's words are true, but when the time comes to put them into practice, we are afraid, we do the "right thing" and we run like most people do and we lose. Now the Crypto Fear & Greed Index is 20, which responds to extreme fear. Well, it's time to buy. If not, at least hold on. I'll do it. Do you have the courage to do the right thing? :)

I do not know how correct this analysis and assumptions are, since I look at the charts of the exchanges and the general dynamics. What do we see? Following the correction, bitcoin began to fall. The price of this coin has already gone below the level of 45 thousand dollars and may continue to fall. In such conditions, given the high risks of further declines, large investors may falter and start fixing losses. Then we will not see the bottom for a long time, what kind of growth are we talking about?

Yes that's true. I also believe in that. For sure bitcoin price will rise again and can reach new higher level or maybe not. I mean that's normal thing in bitcoin. It will rise or get low. But, also not sure about that 6 months. A lot of things can happen in that duration of time because it's quite long. But like you I am not expert in this thing. One thing I am sure of the price will change. Let's hope for the best.  I learned something from you. You're strategy is very smart and very helpful. Will try to apply it. Thank you!  

It could take that long and it could also take shorter than that depends on the situation of the market. we all know when the price started to pump again people flock to buy again with new investors coming because that's the only thing they want. when they see the price is rising, that's when they believe in what the people saying about positive things about Bitcoin. We need to consider that every time the market will fall, it's not the end of time. the chances of it rising again is quite high.

Well, 6 months is very possible and I don't see any reason bitcoin will fall down. Perhaps as of now, we experience a small correction in the market but later on, it will resist again and may start from refueling and the reason there will be a new ATH again after 6 months. We are still in the healthy market, even though it is easy to give a prediction, but I am sure, it will never fall below $30k the in bitcoin price. Look at around, the adoption has been continued and plus factor is bitcoin is also under influence by big people and big companies and institution.

These are just theories, but in reality, we don't see the future and therefore we cannot guarantee bitcoin will grow. We are now seeing positive opinion from experts and I'm afraid this would only result in a bigger dump as people who followed the FOMO are still convince to hold until they will just eventually sold their bitcoin if they will continue to see a major dump.

I've been in this scenario fast, after the bull run, when I see bitcoin dump, I still believe it will bounce back and recover, it recovers a bit, I continued to hold but what I didn't realize that the bitcoin dump is more frequent that its recover and eventually I dump.

I was new at that time and I was not able to handle my short-term investment, this time, I know I would do better.

Bitcoin is being trusted by most people now, I see mass adoption has been coming into bitcoin and many people just trusting it. You are right that bitcoin is able to hold its price after the bull market is over. Its price is not fall drastically even when there is a bad news come for bitcoin like Elon Musk is cancelled bitcoin to be used as of tesla payment system.

That situation can be made as a reason that bitcoin can be leaved by their investor especially insutional investor. They still believe that its price will increase more than now and as many people predict that its price will touch $100.000 at the end of this year, that I think it will happen. I just think that the current sentiment market is still bull run market because after bitcoin price is corrected then altseason happened, this is different if bearish market is really come.

Indeed, there is no guarantee Bitcoin will grow in the next few months, we all can only predict the movement of Bitcoin.
So there is still a possibility that the Bitcoin price will fall deeper, but during the investment use the money that we can afford to lose.
It shouldn't be a problem if it turns out that the Bitcoin price doesn't go up as predicted. But we can wait calmly until the Bitcoin price rises again.
Actually, how deep does the Bitcoin price go down, if we can be patient with holding the Bitcoin we have, then Bitcoin can definitely go up again.

It is possible that during this smaller downturn big investors are already slowly loading their bags again. If you are playing with billions a 50% gain is a lot. If they buy now and sell at $70 k that's huge for them.

There's no room for us to be wasted now, it's very important for us to accumulate our holdings while bitcoin took some rest after huge bounces. Next few months is enough and I think this year will be the biggest event for bitcoin to soar back higher. Let's think wider for our future profit and be strong enough to face this challenges behind us.

Yes, who knows what they are doing, right? So it is up to you how you will take this situation, an opportunity to accumulate more or to sell off your stash? Your choice. But whatever your decision will be, it is yours and you have no one to blame for what it may cause on your portfolio. We can't rely on somebody's predictions, but we can follow our instincts. Because at the end of the day, the funds at stake is ours. And they have nothing to do with our funds.

I am sure big investors see the current decline in the price of Bitcoin as an opportunity, because they must also realize the potential of Bitcoin.
So I also believe big investors have started to slowly buy Bitcoin again, After some big investors must have been taking profit when the Bitcoin
pump was above $ 60k. So seeing Bitcoin price now drop below the $ 50k price tag, this should be a good opportunity to buy Bitcoin.
If we buy Bitcoin at $ 45k, then our sell target is at $ 70k, this is something that is very promising.

I guess we just have to wait for it for six months to come and see if the theory becomes a real thing. I don't have that much faith on speculation that hypes up the prices because they sometimes hinder the growth in favor of a short-term pump and dump scheme instead of a long-term and much larger growth.

Patience is indeed a virtue, if you can have patience no matter how far the market is pushed, you're going to profit from it after everything. Only a few people understand this. I have always believed that the market is going to see major growth with the way things have been going, the market hasn't even gone down as I expected before, and that's good, it gives me hope that there is still the possibility of an uptrend in the future.

At first, when the bull run started, I thought that by now we are back to around $20,000 or even less than that. But instead the price has maintained the high price which is good. I have no plans of selling the Bitcoin that's remaining in my wallet now, though my reason might have been different, this is another good reason not to.

By the end of the year everyone will see the PlanB was wrong, and I was right. There is no more growth for bitcoin. Ever.

I believe in pepetah (die one grows a thousand), and what happens to the latest Elon news or whatever is not a barrier for bitcoin to keep growing.
We must be aware that bitcoin will increase and provide benefits in the long term that we will not know when it will happen, and I remain optimistic that by the end of this year the price of bitcoin will prove to be reaching the highest price predicted by the Experts, before the existence of elon.

What is happening now reminds me of all the news flash crashes that we've been through.
The Silk road crash, the bubble pop in April 2013 when it went from 260 to 40 USD and then 7 months later it was at a new all time high, the 2020 covid crash...

A year ago we were at 4000 USD! If you were not panicking back then, you will not panic at 30000 or 20000.

What's the worst thing that can happen if we go into a bear market? 20000 dollar bitcoin? I'll take it. That's still 5x growth from bottom to bottom in a year ;)
If you're not ready for that and would go bankrupt if it were to happen just sell now and have one less thing to worry about.


Weren't you the guy who was saying it's game over for Bitcoin when it went into the 2018 bear market? :D Aren't you tired of being wrong?

We dont know on what the future holds and we've seen several situations that stormed out Bitcoin or simply the entire market but we do still stood strong in spite of those challenges.

Yes, it did really affect generally or in a big manner but we do see on how it managed to recover as the years goes by and with these current events, people still get surprised?

Involvement with these people is somewhat anticipated but regarding into their actions is a bit really surprising but majority do freak out.When it comes to growth then theres no doubt on
that because we do know its potential already.

Let us just see what will happen within the span of six months with Bitcoin for we have already been expecting that it will just continue to grow not just in price but as well as with the popularity. There are many factors to consider and hindrances to occur that can affect on how Bitcoin will become for the next six months. We certainly do not know for now what can happen but we surely hope for the best things to come for Bitcoin of course. Let us just wait and see until such time comes to prove if the analysis or prediction will be accurate.

Elon doesn't matter despite the large size of buys, its about the circulation not one buyer and their reasons in favor or not.  The market is greater then all of us and can flatten even large individual players.  But a natural EMP strike from solar flare activity might do it otherwise the weight is with BTC continuing to adjust upwards as Dollar becomes increasingly diluted by political overspending amidst a widening trade deficit with the rest of the world.


A rising counter trend potential not reliant on a mans ego

@elonmusk has done everything for the benefit of him and his company, but there are still many who believe and take action to follow what @elonmusk says results in something he really wants to happen. people should ignore what is being said because @elonmusk does not purely say that because there is a goal that is desired for his benefit, we must understand that no businessman wants to lose money.

but bitcoin will be able to make very significant changes even though there is a correction of this, bitcoin is used to experiencing this and quickly if the situation is there, bitcoin will be able to bounce back. people like @elonmusk can't control bitcoin forever.

however, at present, the effects of the deterioration are profound. I still hope that the price will increase in the near future. despite speculation that the bulls will restart, people panic thinking that Elon Musk is selling his bitcoin assets. Even though it is like that, I still believe that in the near future, or early next month, prices will rise again. Personally, I will still wait for the pump that can happen next.