With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......
And what did he say would happen after 6k I don't know if he said explicitly. Based on how he drew his triangle bounds and his use of Elliott Wave, I assume he expects something along these lines: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F0r5QB0D.png&t=663&c=y-pt_W-4ArWEzw) In about a month everyone has recovered from the panic. Upward from the triangle seems a legit conclusion.
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It's a worldwide panic because of corona. We all know corona isn't going to kill us all.
SO CHILL THE FUCK OUT!!!!
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A 5-digit BTC not asking for more .... in the short term ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) We will never see a five digit bitcoin again (trying to jinx it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) we will never see 6 digit Bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) We will never see 9 digit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) If this happens we will have a beer in space ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Don't miss out...i swear anything under 8000 is a straight up steal...
It seems very bearish. I am wondering to sell.. I hope you are right. I bought near the price of 10000$. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Just HODL.... ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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What is this sure bitcoin will soon reach $ 100,000 means it needs to go up 10x more than the current price while the fast increase will never happen but it takes a long time too, but I have been holding bitcoin for a long time but didn't think to reach that number.
I do not know whether the predictions of these experts will always be correct or not clear with the increase in the number takes a long time.
People have said this before .... Bitcoin don't give a shit about what you think is not possible
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A 5-digit BTC not asking for more .... in the short term ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) We will never see a five digit bitcoin again (trying to jinx it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) we will never see 6 digit Bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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If Bloomberg bought bitcoin instead of spending money on his campaign he could have given everyone in the world 21 million bitcoins. but the math is wrong.. 500 millions / 327 millions is circa 1,5 USD / each .. c'mon! :-) how can you give everyone all Bitcoin? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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A lot of burnt people want to get out with minor losses or a little profit. The climb to $20k will not be a straight line.
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Well, we don't know if bitcoin will increase on that price maybe not maybe yes. But if we based on previous bull run in 2016 to 2017 i think this there are possibility that price of bitcoin will increase. And what you need to now is just wait patiently and be ready in some possible events that will happe.
Well, basing bitcoin on historical cycles is exactly what people have been doing for so long and it's obviously not working out for people. Except for Macro term more than 5 years, it's really tricky about thinking patterns will repeat. Just because they did before doesn't mean they will again. Bitcoin is deflationary Money is inflationary Bitcoin cannot be created out of thin air. Money can be created out of thin air. Logic dictates that IF and only IF Bitcoin survives it WILL gain more and more value.
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since when?
people write custom BIOS for older stuff all the time
not being snarky, really want to know
Sometimes BIOS'es are modified to add features or to allow other OS'es to be installed. Like the Xbox 360 which was sold at a loss to make money on games. Anyone being able to modify the BIOS could install Linux and have a very very cheap system running. Or when people want to add hardware that isn't allowed. But yes MOST people DON'T need to modify the BIOS ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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this year btc rate hope to $13000/$14000..? im hold 2 btc 2018 jan $13900
BroTip: Don't state how much you hold. You might get targeted in the future. It's also irrelevant for your question.... Other than that, try to forget your BTC for a while. My estimate is $50k-$70k in July-August 2021, which would be the next ATH. You could leave at a total of $100k - $140k if you are lucky. Then buy back 2 BTC once it drops below $20k a year or two/three later...
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Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.
True it won't happen this year. My $50k - $70k prediction is for august next year. The ATH has traditionally been 1/3rd in a period measured from the halving. A period is about 4 years so in about 14-18 months from the halving, the ATH will be expected.
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Mining is mostly based on - The price of electricity - Power efficiency of the rig
Mining will remain and push boundaries for new "free" energy sources like nuclear, solar, wind, geothermal, etc....
Therefore I believe mining will soon become a serious business. Mining rigs will soon come with their own power plants and become million dollar ventures.
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Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
The whole idea is that mining SHOULD become expensive. This is exactly where bitcoins value is generated. Miners will hold on to coins until they have profit. But yes some miners will stop because they can't invest in better gear. If they would dump it on the market it will temporarily dump the price but due to scarcity it will eventually go up WAY WAY higher. Only if there is NO market for bitcoin will it plummet to death... Bitcoin (and crypto) is still thriving.... My estimate is $50k - $70k. Maybe a shortlived peak to heights like $120k before going over the edge into full blown bear market again.
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1BTC = 100,000,000 satoshis
It will be $100,000,000 = 1BTC
It is gotta be a long journey until we will see that time happens.
not even in the next 20 years i guess?and by that time all Bitcoin yet been mined so the more the value may not go that High. and 1 BTC per 1 is far from our imagination,we still in struggle about Governments interruptions so once the majority gets adoption then maybe we will see the light towards that Huge amount of conversion . I also agree I think it wouldn't really be that high just imagine the transaction fee when 1 sats become $1. And if it ever reach that high it would be hard to pay for some ¢ since1 sat is already $1 how about the cent's? Bitcoin can be divided deeper than 1 satoshi so this isn't an issue.... We could go nanosatoshi or whatever....
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Until December 2021 yes is possible that bitcoin reach 100k usd but still i have some doubts will happen so soon.
How come you guys are jumping to conclusions that easy? The market price of Bitcoin broke the $10,000 mark, and that is a good indicator. But expecting that it would be that high given that the market price of Bitcoin is not that continuously increasing at the moment. And given that there is an anticipated halving that would occur, which is also expected to bring bullish run when it comes to the price of Bitcoin but at the end of the day, it is absurd to think of such thing. The market price of Bitcoin, before, have reached its all time high but is still not even close with this one. Also, despite of huge expectation, the bottomline is that, there is no assurance. Please do bear with me, being realistic would be better in order to save yourselves from regrets if ever your expectations will not be met. Keep in mind that we are talking about years, and there are many things that could happen within that lapse of time. The ATH always comes at one third into a cycle. In 90 days (May 2020) the halving will happen. A cycle is roughly 4 years. One third is roughly 18 months Add those two and the ATH will be somewhere around August 2021 I think $50k-$70k is what you should aim for. $100k will get broken but we will see the rampage like previous ATHs and it will then collapse and re-stabilization....
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Yes
*Assuming exponential curve theory
In 101 days the halving will come. The halving is the lowest point on the exponential curve.
ATH is about 1/3rd into a cycle of 4 years so 1 year in. (That would be 465day from now). ATH is expected to be $70k
So at 180 days you will be 1/5th towards the ATH. $27k is reasonable estimate
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My personal guess is that bitcoin wont see its ATH again since investors are sensible and wont be interested in bitcoin above 10k$ thats y we are seeing btc under 10k$ for such a long period.
Don't underestimate the FOMO and for most Bitcoin is still new. Bitcoin is also only just becoming available to professional investors.
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My take on the situation After the halving expect it to go to $50k-$70k. It could peak above $100k but that will be because of the FOMO and it won't last.
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The bitcoin price is going to stay around 7K USD for the rest of the winter. There are no good or bad signs for the market now.The price volatility is so damn low.
It will go up after the halving. The halving is historically the lowest point on the exponential graph.
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