2. Bitcoin popularity is increasing without Elon musk. More people will know and invest in bitcoin in 2024.
Why wait? Why don't you invest now?  |
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Haha last time I checked Coindesk was their competitor? It's like "AMD CPUs suck! News presented by Intel."  This Binance FUD is stupid and is being used by bears to try to drag us further down. Not gonna happen IMO. 16xxx IS the bottom. Remember 3k last cycle and how we were revisiting it over and over again? Chill guys, only up from here. |
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For the record he's the only person on my ignore list
I can't remind of any other user on WO that would be safe-to-ignore (EDIT: lately), honestly, so i think i can relate. It's just that i decided against using Ignore at some point, because freedom of speech and shit, but i'd never expect anybody to follow this idea. Sometimes it's a burden and a good test at the same time Same here, I don't have anyone on ignore but this exphorizon guy is a real challenge... I'm still trying to find a teeny tiny grain of reason in his posts but I keep failing over and over again... |
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I have been absent from the thread for a while, I hope it hasn't been posted yet, but I found the following image so full of wisdom.  Haha... JJG approves... |
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could only be Craig-the-real-Satoshi-Wright TM of course  sorry to everyone for mentioning that idiots name That's BS, 2009 is sooo late. Everyone knows he was mining Bitcoins back in 1993. |
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"A picture is worth a thousand words"Bitcoin Yearly Candles  This years candle looks like such an obvious bear trap. We could spring back to 30k+ before the end of the year. Unless we end the year on a fat red candle, I am staying optimistic. The longer we hold the line at 17k and trade sideways the more powerful the upside move going into the 2024 halving…of course I was wrong on the last halving and the most bullish according to the poll… who knew! 400K target for 2025… 😎 cheers hodlers Disclaimer: Holdin my keys wit an iron grip I'd say the last ATH was on the lower side of the expectations (...at least of mine, as 70k was my worst case scenario). So it could well be that the next run makes up for the weakness of the last one and gives us more uppity than the 3.5x from 20k (2017) to 70k (2021). 400k is in the cards, but imo that level will not be sustainable, because of the mining costs being much much lower. It could be sustainable, if we got some rare event like a big chunk of international trade happened via BTC, or if western central banks started buying - or why not both . Pretty similar here.. my worst case scenario was ~$80k but I was hoping for $100k+ prices (I was pretty sure we'll reach $100k during previous cycle) |
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Many many many @CryptoTea_
We gots our lil selfies (not royal) a CryptoTea_ fanboi going on here... .. and without any nohomo... too..  Look at the cornfield
A Sunday in December
Making placid waves
#haiku
As far as I can determine, placid is better than flaccid, no? [...] @CryptoTea_ Looking at previous 4 year halving cycles: Bitcoin bottoms in the next few months And hits a new all time high around the end of 2025 Note: Historical data does not predict the future  https://twitter.com/cryptotea_/status/1599393742250602497[...] I’d argue that we’ll see $200,000 or higher at the peak of the next cycle (top in late 2025) but you get the drill. +1 to this! $200,000+ will be an easy target in the next cycle. Adjacent spirals are roughly one order of magnitude (one extra zero) apart ( see here for WO's very own spiral analysis showing this). Yes.... "We" need a spiraling update from our very own WO spiral analyst #nohomo... within the next 2-4 years, no rush. Some thoughts here. Funny how the doomiest and gloomiest forecasts always (well frequently, I'm a bit exaggerating) come true but the boldest and bulliest always get denied:
That's not true. It seems like almost always while we are "in the doldrums," it just feels like everything is going bad and bitcoin is dying.. that's how being "in the doldrums" is supposed to feel... otherwise weak hands, snot nosed 14-year olds and degenerate gamblers will not get shooken from their cornz. Did we reach $100k? no
ATH should happen only after a parabolic price increase! it turns out that not always
So what? Shit happens. There were no guarantees that bitcoin would go to $100k, and there were also no guarantees that bitcoin would make it to $69k, but it did. Bitcoin can't fall below the previous cycle's ATH? it just did
So what? Shit happens. There were no guarantees that bitcoin would go below 200-week moving average.... and there also are no guarantees that bitcoin is going to stay above $15,479, but so far it has. BTC cycle is exactly 4 years long, with ATH being reached in December? nope Bear market can't end before the halving? true so far We're going down to $9-10k this cycle? possible, can't be ruled out completely So why can't Bitcoin just screw the bears now by breaking the pattern by going exponential and propelling itself into, say, $30-40k -ish area and ending bear market prematurely? Bitcoin might go up from here and screw the bears. That's possible... and you are right it could go down to $9-$10k or even lower. I would not rule out either one, even if neither one is guaranteed. Furthermore, bitcoin has a pretty long history of screwing bears.. and it is quite satisfying when it does happen to have happen.. even though it is possible that the bears will never get screwed again, ever.. and even though historically it has seemed unlikely that the bears are going to get screwed right before it ends up happening, and sometimes we do not even realize how badly bears are getting screwed while such screwing of the bears is happening... I could give some examples.. but you know enough to be able to find your own examples if you weren't being such a party-pooping negative-nancy at the moment. Toughen up, soldier. #nohomo.  Well I hoped you knew me better man I'm a battle-tested veteran, permabull and a hodler. So no need to cheer me up I'm brimming with confidence regarding Bitcoin future... |
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IMHO, it is a bit illogical to suggest a 200K as the next ATH as we should either be in a top deceleration trend (1.1K to 20K to 69K to maybe 120-130K) or in a usage acceleration trend the peak should be much higher at, say, 500K. Basically, the push from decrease in issuance (block reward) should be smaller in each cycle, but at some point we can get into the S-curve in adoption, hence the possibility of a bigger number.
200K does not seem to fit any discernible pattern. Sure, it could happen, just based on the randomness.
Halving suggests that the price should at least double so $69k x2 = ~$140k. That would be fair price for the miners and all but we know that Bitcoin doesn't give a damn... why would it? it's a halving of reward, not doubling of the price. The bulk of btc is already issued and the breakeven for miners is about 15-16K (this one will be doubling, sure). That'd be just fair as they're getting 3BTC per block now but will be receiving 1.5BTC per block burning the same amount of energy. And as you've probably heard, electricity prices have tripled in some countries, making mining completely unprofitable. |
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IMHO, it is a bit illogical to suggest a 200K as the next ATH as we should either be in a top deceleration trend (1.1K to 20K to 69K to maybe 120-130K) or in a usage acceleration trend the peak should be much higher at, say, 500K. Basically, the push from decrease in issuance (block reward) should be smaller in each cycle, but at some point we can get into the S-curve in adoption, hence the possibility of a bigger number.
200K does not seem to fit any discernible pattern. Sure, it could happen, just based on the randomness.
Halving suggests that the price should at least double so $69k x2 = ~$140k. That would be fair price for the miners and all but we know that Bitcoin doesn't give a damn... |
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P.S. Gay x-mas card time soon! |
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Some thoughts here. Funny how the doomiest and gloomiest forecasts always (well frequently, I'm a bit exaggerating) come true but the boldest and bulliest always get denied: Did we reach $100k? no ATH should happen only after a parabolic price increase! it turns out that not always Bitcoin can't fall below the previous cycle's ATH? it just did BTC cycle is exactly 4 years long, with ATH being reached in December? nope Bear market can't end before the halving? true so far We're going down to $9-10k this cycle? possible, can't be ruled out completely So why can't Bitcoin just screw the bears now by breaking the pattern by going exponential and propelling itself into, say, $30-40k -ish area and ending bear market prematurely? |
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I wonder if a toy rusty pipe is included or should be bought separately? |
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They were developed and coded by someone so how can you be so sure that "someone" hasn't left any backdoors? Open source code. Don't be so naive. Who can compare the actual code running vs the published open source? There are people maintaining it, updating it, hosting it. It can be hacked too. The author or some malicious admin for example can edit or recompile the code adding backdoors and you will have no idea it's not the original one. |
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Wait wait wait... people starting to forget we need the exchanges. I'm using both Kraken and Binance so what? Is it a bad thing? So, before claiming "exchanges are our enemies" you could come up with some replacement? I hear you saying decentralized exchanges? They were developed and coded by someone so how can you be so sure that "someone" hasn't left any backdoors? |
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SBF fucks El Salvador ? https://medium.com/@officialcryptohub0/how-el-salvador-lost-all-bitcoins-on-ftx-b18c2394ec6aMany people are speculating that El Salvador is holding their Bitcoins on FTX, which would mean that all their Bitcoins are gone. This news has sent shockwaves throughout the cryptocurrency community…
...
President Bukele immediately commented the situation with “we demand the immediate extradition of Sam Bankman-Fried (CEO of FTX) and Sam Trabucco (Former CEO Alameda Research), Washington most respond within 48 hours”.
Looks like fake news. I bet this article was written to create more panic in the market. According to Bukele they have 0BTC on FTX. |
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got me some at 16942. next one 164xx then 159xx lets go BTC! my cash position was terrible JJG was it not?  Ok you got lucky with 16k, 15k is hardly possible but I can't rule it out completely right now... as to $9k... keep dreaming man! |
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This eXPHorizon guy... is he retarded? Or a bot? I mean he's posting nonsense here on WO all day long... every day.. |
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$17k is the new $3k... if ya know what I mean.... |
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What's with the sexy bounce? Anymore bouncing before Christmas?  When is the next FED "must destroy the economy" meeting? OMG the one to the right... super bouncy... also love the way she holds... the bell... looks like she's a pro... |
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A few minutes later  @ $20,110 The price won't stay above $20k for more than 5 consecutive days. That's going to be true for the foreseeable future. Strong bullish signal! Buy! All in! |
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