We will see if it will. I'm excited to see it goes $100k in December but also I'm good if it didn't. In short period of time, bitcoin has proven that it can increase as much as it can and that usually happens while we're sleeping.  That's what happens to me when the market goes bullishly as I'm sleeping most of the time and don't see it actually happen. Everyone is optimistic about bitcoin $100k not only in December but to be stable and reaching that price soon. I also believe that the price of bitcoin will reach the price of $100k in December. that means, the price of bitcoin in october - november should hit a price of $80k to $85k, so a $15k price push in december might be really easy to happen. The thing that needs to be asked is, are we really ready to welcome that time? I also think that I don't want to be so hopeful with a $100k price in december, but I've now set some things up for a $100k price tag for bitcoin. We did saw a quick price increase from bitcoin within the range today that has made it reached $66k. And it has also made a quick dump so both ways and possibilities are very available. This is bitcoin that we get to see each day being very volatile and that's why the hope of seeing it @ $100k is always possible and giving it a timeline for December, whether it will or not on that month, we're always patient for it to be seen at that price. Well, the all-time high didn't last long, that's for sure, and it was actually expected that it would fall shortly after. There's a slight possibility that Bitcoin will surpass $70,000 before 2022, but I'm not that positive about any further price increase within the year, it looks too much. |
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i'm not feeling the supply chain issue in my country but the prices is going to the moon particularly the gas so it could still be a supply chain issue causing more demands. but there isn't so much news about it in my country compared to US news which they see port congestion while the delivery ships are docking nearby.
they couldn't just move to another port to unload what they have. it may take days but i suppose it's better than just waiting for weeks in the middle of the sea.
they are saying that if you have something to order for Christmas, this October might be the best time to order for it may be able to reach your doorstep right on time for xmas.
Neither do I, it's not like I've seen a shortage of anything, it's mostly that all prices have gone up, for most goods you can find in the supermarket. I don't believe that we'll face an issue with shortages anytime soon, but prices are expected to rise significantly in the near future. |
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Right now things are starting to get a bit scary with not only how bad inflation has gotten, but also how bad supply chain issues are continuing to get. The pandemic has caused a huge mess, and I'm curious how bad you guys see things getting and if it's as bad in your country as it is here in the United States.
First, how bad is inflation in your country..what % is it currently at? (Here in the U.S. it's between 4-6% on average. Many items have inflated much more such as seafood being around 20-30%)
Second, are you seeing supply chain issues in your country and how bad is it? (For example my favorite toilet paper has not been produced for well over a year now. Recently my two favorite bags of chips have become unavailable from both supply chain issues and factories focusing on other items, putting them ahead of my FAVORITE damn chips lol).
It seems we are still in the very early stages of inflation and how bad it'll get depends on how long it perseveres. People in most countries will likely be able to tolerate a year or two of inflation without too devastating an impact - it will erode their salaries and push up the cost of living, so it closes the margin between income and outgoings. However the real challenge will be longer term, unless it is gotten under control it could cause central bank interest rates to rise which will cause a lot of trouble for home owners in 2-5 years time after the mortgages come up for renewal. If people are used to paying 2% it will be a big shock to see it rise up to 5-10% and will seriously curtail spending power, this has a knock on effect and ultimately leads to recessions. You seem to know what you're talking about, I have a genuine question, though, how do things return to "normal"? How do we return to pre-inflation levels? For instance, fuel prices keep rising, so are most of our daily goods, how are these prices going to return to more humane levels? Is this thing a one off, which will last a few months before it dies down? |
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Went to buy some Lipton tea (the large one, 1.5L), and let's just say that I bought something else. Prices have skyrocketed, even in soft drinks, that tea costed €2.39, which I find way too much. However, I've noticed plenty of goods having inflated prices. From soft drinks such as Cola, to chips and dairy and meat products. It's disturbing to say the least, daily grocery shopping has gone up a good 4%-5% I'd say, and this number is expected to rise. According to TargetEconomics, Greece's annual inflation rate rose to 2.2% in September 2021, which is the highest since January of 2012. Main upward pressure came from prices of transport (7.8 percent vs 6.7 percent in August); housing (4.7 percent vs 4.4 percent) and food & non-alcoholic beverages & tobacco (3.1 percent vs 3 percent). On a monthly basis, consumer prices inched up 2.1 percent. Source: https://tradingeconomics.com/greece/inflation-cpi |
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This new small drop is definitely a correction. Do not get too excited about the chances of the price falling, I am sure that it will recover and do a great increase above 70k in the long run. There are always people who sell whenever the price goes up, that is the way they are making the world feel, I even feel like there is a good chance we could see under 60k as well.
However it is obvious that the fall was a small one and it will be recovered. Why do I feel that way? Because, there are times when the price crashes and when it does then the price really crashes, like not even a small amount, I mean %10+ per day for a while. So this wasn't a crash, it was a correction and we all will be fine. This is why I support that we will go back to higher prices and even break the new ATH and reach to 70k+ very easily, this was only a small step back.
There is always a chance of Bitcoin's price falling again, I don't mean to crash below $40,000-$50,000, but it could eventually drop below $60,000, before we see a new all-time high. The current one is a mere price correction, I don't believe that such volatility is alarming, since after the new ATH, there's a large mass of investors who probably sold to purchase later, at a lower price. |
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Base on Coingecko, the highest price that is recorded is $67,276.79 and $66,930.39 on Coinmarketcap so we can say that it reaches the $67,000 price range. Unfortunately days after its peak, it went down to consolidate a bit and now it is at the $63,000 price range and I think that this is understandable knowing that Bitcoin just passed its previous ATH, many sold out their holdings as well. Am I glad that Bitcoin did the move? Kinda but not that much because I'd be happier if Bitcoin will reach $100,000 at some time next year  . Well, congrats to those who bought their Bitcoins at the $30,000 price range. Congrats for those who took the risk of buying near to that price because they've double their money just by holding BTC. I mostly gather data from CoinMarketCap, hadn't noticed that Bitcoin had surpassed $67,000 on CoinGecko, however, I couldn't find on which exchange it was. Anyway, needless to say, the difference between them is quite insignificant. I wish I'd bought during the dip, a few months ago, but generally have a pretty good feeling about the future of Bitcoin for 2022. |
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I'm positive that there will be some sort of resistance within the price range of $60,000-$64,000, for quite some time, before a new all-time high record can be surpassed.
I am negative about those resistance levels because we may see bitcoin markets to be trading above $70k levels over the night as FOMO got all the power to break and keep going against all such resistance levels. I read many institutions started planning and working to have bitcoin in their portfolio before any second country to be announcing and adopting bitcoin as their legal tender. While this is quite likely, we can already observe a small correction taking place, which isn't strange at all. It has currently fallen at $63,000. I'm positive that further advances regarding its price will be made, but let's not jump into conclusions yet. There's a bright future ahead of us, but patience is needed. |
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I wonder how many people gained valuable experience in the past couple of months regarding FUD and how it aims to prevent them from buying bitcoin in the dip. Are people who sold in the dip instead going to repeat it again? Where do we settle in for the next leg of accumulation?
My best guess is above $100k after people are surprised with the shoot up to $150 and then a small drop occurs before we go another 2x up. Although I do understand where you're coming from, there are no guarantees here, are they? I can't actually blame those who were afraid, it's quite disappointing to see your money lose value over time. However, I wasn't really concerned myself, when Bitcoin crashed below $30,000 back in March 2020, while it did disturb me, I was positive that it'd recover eventually. |
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snip
We knew that was coming, there was simply too much hype surrounding bitcoin and the approval of the ETF that I thought that if all of that money was coming to bitcoin it was because they already knew an approval was imminent, I am glad that it had finally happened and now most likely 70k will become the next target for bitcoin to reach during the next days, personally I do not think it will take long for that to happen as the sentiment in the markets should be incredibly bullish right now. Dont anticipate much because we dont know if it would able to break 70k or we would really be just staying up on this level and support for long period of time but i cant really deny that if these positive sentiments and events do circles around for a while then we might really be seeing those 10k increments of all time high levels which i hadnt anticipate that it will happen on this year. For now im not really making myself get too excited but its good to see on this kind of gains in a short span of time an luckily i did able to buy up bitcoin when it dipped on 30K+ which is really worth the wait. For now lets see on what would happen next neither there would be some sort of correction or we would be moving sideways. That's definitely true, myself too also believes what you've mentioned, I'm a little reserved when it comes to price predictions, since they are pretty much unexpected. I'm positive that there will be some sort of resistance within the price range of $60,000-$64,000, for quite some time, before a new all-time high record can be surpassed. |
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Crude oil barrel's price is steadily increasing, the average price for 95 unleaded, in my area is now €1.80, while for regular diesel is €1.50. Fuelling up your car was always an expensive procedure, but now it's a complete nightmare, in my case I'll need €70-€80 to fill up my tank from empty. On top of that, electricity costs are also spiking, which is quite logical, if you consider that most of our energy is generated by burning fossil fuels.
The question now is, how can the average consumer keep up with the increasing living costs? Fuel, electricity, products have seen increases in price, salaries on the other hand have not. Thus, the total available income is vastly shrinking.
Don't you think that at least a part of the crude oil price rise resulted from inflation? I tried to analyze, but couldn't find any large difference between supply and demand for crude oil in the last 2-3 years. So I am suspecting that the current spike has more to do with the unlimited printing of banknotes in the name of COVID stimulus. Don't forget the fact that the M1 monetary supply of the US Dollar went up by 200%+ in the last two years. Trillions have been created out of thin air, and it is natural to have an impact on the market because of this. Definitely, USA was known for printing money out of thin air, but this situation has been magnified during the pandemic. However, let's be a little realistic now, it's all a result of a chain of events, oil prices are rising, thus, transportation costs are rising. As a result, product manufacturers are paying higher shipping costs, which are usually absorbed by consumers, by increasing the prices of their products. |
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The new ATH was just a matter of time these days, and we’ll probably need to update the figure over the coming hours/days ( or not …). Bitfinex currently makes it 66.232 $, and Coinmarketcap 66.208,88 $. https://data.bitcoinity.org/markets/price/1h/USD?c=e&r=minute&t=l (rounded numbers) Exmo seems unreliable as a reference, and is an outlier vs the remaining listed exchanges in the above chart. Edit: 66.9K$ now .. Almost reached $67,000, was only a few dollars sort, $66,940 to be exactly, according to CoinMarketCap. However, I didn't expect such a significant rise, at least not yet. I was positive that the new all-time high would soon occur, but I'd predict somewhere close to end of December, right before Christmas holidays, towards the end of the year. |
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A new all-time high record has been hit, with Bitcoin surpassing $66.000. An outstanding performance which was a result of the announcement of Bitcoin ETF approval, which I've yet to understand what exactly it is. Definition according to https://mg.co.za/"An Exchange Traded Fund or ETF is a type of investment fund that tracks the price of another asset or basket of assets and can be traded on an exchange. If that still sounds like finance nerd language to you, that’s because it is."https://mg.co.za/special-reports/2021-10-19-a-bitcoin-etf-what-does-it-all-mean/Anyway, it was something quite unexpected and didn't actually believe that we'll see a new record by at least December. Let time do the work. |
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Decentralized Finance (DeFi) is becoming really popular the past few months, its concept is quite interesting and there's a lot to write about, such as Smart Contracts, Yield Mining and so on. It's a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges. There's also a free academic course, linked below, from which you can gather useful information. https://www.unic.ac.cy/blockchain/free-defi-mooc/ |
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I'm interested less of what he is worth but of what he is capable of and is willing to provide for the future of humanity. So far he's good on my book, spearheading the species to its first interplanetary exploration and habitation, remodeling rockets to be cost efficient and safer than our conventional ones that are basically like airplanes strapped with bombs, plus the fact that he is at least showing respect and support for cryptocurrencies he deems will be the future of money. His actions may perplex many but as long as they serve the greater good, I'm okay with him. This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.
It's literally taken him his whole life to get as rich as he is, what are you talking about with "a few years." People who build world-changing companies are often billionaires. That's how capitalism works. It's been this way since the Rockefellers and Vanderbilts and Morgans of the world first amassed huge fortunes for building such world-changing companies, and it continues today with the Gates and Buffets and Musks of the world. But none of it was done "in a few years." It took all of them literally their whole lives to get as rich as they did. He wasn't always that famous, I never implied that what he has achieved was accomplished within a few years. He was always a phenomenal businessman, but he became renowned in the last few years, I'd say a good two decades, with the creation of Tesla, SpaceX, while he was also a co-founder of PayPal. I never meant to imply what you said, maybe I didn't phrase it correctly, I just meant that he wasn't always that known. I'd say Paypal allowed him to be noticed by the people, and then SpaceX along with his goofy tweets and that flamethrower he sold to people really brought him to the spotlight. He also founded the Boring Company which revolutionizes construction as we know it so even when the guy is goofing off, he at least does something that will benefit the people in one way or another. People may have bad takes against him due to him rescinding his investments in crypto, but I have gone past that and looked to what he has been able to do for our species thus far. He's been criticized for his actions plenty of times, however, I remember reading once that he has Asperger's syndrome, which might explain his goofy character now and then. On the other hand, I admire his work, he isn't giving up easily, let's not forget how many SpaceX missiles blown up but still persisted. I actually heard him when Tesla started becoming popular, a few years ago, didn't actually know him from PayPal or any other of his companies. |
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Crude oil barrel's price is steadily increasing, the average price for 95 unleaded, in my area is now €1.80, while for regular diesel is €1.50. Fuelling up your car was always an expensive procedure, but now it's a complete nightmare, in my case I'll need €70-€80 to fill up my tank from empty. On top of that, electricity costs are also spiking, which is quite logical, if you consider that most of our energy is generated by burning fossil fuels.
The question now is, how can the average consumer keep up with the increasing living costs? Fuel, electricity, products have seen increases in price, salaries on the other hand have not. Thus, the total available income is vastly shrinking.
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While I get this presentation's point of view, I'm trying to enjoy the benefits of cryptocurrencies. Yes, I'm served just fine by the traditional banking system, I don't have any issues or complaints, however, I have two separate wallets with funds that are not visible to any banking system, it's money I've earned and invested, something that is easily accessible through cryptocurrency.
On top of that, especially now with DeFi and BSC, there are even decentralized exchanges, for those who are all about decentralization, I'm not, but it's a nice feature to have. I'm not a decentralization advocate, but I definitely appreciate its immense possibilities. Furthermore, price volatility is what makes cryptocurrencies challenging and interesting, if you have the experience (and luck), the profit margins can be vast.
On the other hand, I'm 50/50 on the last point, since in the past, I'd use Bitcoin for the purchase of digital goods, however, due to its value, I'd refrain from doing it in the future.
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Well, wherever the pattern of price movements sometimes gives certain surprises on its journey, we are here just like watching and preparing related to price movements which are now at the level of $60k. This will certainly attract a lot of arguments/speculations from many people, as well as the interest of many people, that how prominent bitcoin is from time to time shows the best side of its role in successfully blending in with investors and traders.
Reaching its new ATH is not far from happening again and looking forward to seeing the price will reach $70k next month. But, we can't just ignore the possibility that whales will dump their Bitcoin and ruin the current momentum. This might be uncertain but we know and aware of how these whales take advantage on the market, and so we have to prepare for it rather than being confident, otherwise. I'm not that optimistic when it comes to price speculation, however, despite the price almost reaching April's ATH, it has a long way before it can surpass and reach $70,000. We're only two months away from the new year, I'm pretty positive that Bitcoin will reach a new record in the near future, however, anything higher than that may be breached within the last weeks of December. There's a bright future ahead of us, I'm hoping that new challenges will unfold in the upcoming year. |
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This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.
It's literally taken him his whole life to get as rich as he is, what are you talking about with "a few years." People who build world-changing companies are often billionaires. That's how capitalism works. It's been this way since the Rockefellers and Vanderbilts and Morgans of the world first amassed huge fortunes for building such world-changing companies, and it continues today with the Gates and Buffets and Musks of the world. But none of it was done "in a few years." It took all of them literally their whole lives to get as rich as they did. He wasn't always that famous, I never implied that what he has achieved was accomplished within a few years. He was always a phenomenal businessman, but he became renowned in the last few years, I'd say a good two decades, with the creation of Tesla, SpaceX, while he was also a co-founder of PayPal. I never meant to imply what you said, maybe I didn't phrase it correctly, I just meant that he wasn't always that known. |
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You know how it goes. Everybody who has a point to say, should at least show he evidence, right. Did you look at the OP? Got any contradicting evidence?  I'm citing all my sources on any claims I make, I'm not talking out of my ass, unlike you. However, there's not much to contradict here, Boeing has indeed made the vaccine mandatory, and there are a number of workers who protested. On the following article, it mentions that there were 200 protesters, which in my opinion, it's a pretty insignificant amount. No one is irreplaceable, don't worry, they'll simply be fired and replaced within a few days. https://www.reuters.com/world/us/boeing-workers-stage-protest-over-vaccine-mandate-2021-10-15/Good work, man! You sited a source. But that wasn't the point, was it? Wasn't the point more like trying to discredit me and for siting sources? You forgot to site a source for that! But check the bibliography in the source that I sited, and you will find that it leads to all kinds of other sources. I mean, do you site a source for every post you make? Maybe it's in your footer, right? Lol. It's pretty pathetic that you're unable to spell "cite" correctly, anyway. You just post websites that cite themselves as sources, you'll actually believe whatever is presented to you. On top of that, as other posters commented, Boeing is actually requiring their unvaccinated employees to regular testing, which is indirectly promoting vaccination. On top of that, 125,000 employees aren't to be fired, like you mentioned. |
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This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.
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