That's because, like I said earlier, there is a undercurrent of the latest bull market, in 2017, which had not died, after all this capitulation. This bull channel is still alive and, in the case of a bear capitulation, it will cause a spike to a new ATH very fast.

Its like a tug of war between bulls and bears. A lot of hodlers had been born and tested in 2017, and all the weak hands had got out already. So, its a different situation from 2013-2015, which had a 100% bear domination.

When the price had not rise in May, I assumed we were in a multi-year bear market, but the bullish undercurrent is still alive, so 12-18k is still likely to happen in December, even with the multi-year bear market. Without it, we can reach 100k, specially if a trade war happens between the US and China, which will force a lot of institutional investors to hedge in bitcoin.

There is the risk of a trade war between the US and China. This would have global implications.

Did you read this already?

https://blog.goodaudience.com/bitcoin-futures-and-the-ghost-of-gold-81418864c961

If we are out of the bear market by August, we can pretty well reach 86k by December, not 17k.

Your figure of 17k is still within the current bear market. Looks strange at first, since we assume a bear market wont allow for such high. However, there is a bullish undercurrent from last year which is not dead, a different situation from the 2013-2015 bear market.

If the bear market is really dead by August, then this bullish undercurrent will join forces with the new bull market, boosting it to a new ATH very quickly.

Is the mining calculator wrong, then?

https://www.cryptocompare.com/mining/calculator/btc

I hope you are certain of it, because I have been accumulating some fiat to buy.

I'm also expecting the price to skyrocket by August, like it was last year.

Can you call that the bottom? Sgbett called the top with some precision, I just wish someone can call the bottom in the same manner. I'm not good at it.

Underrated post.

Actually, it will be $0.01. Myself will buy a lot of ether too, it rises faster than bitcoin, and falls faster as well.

+1WOmerit. Good article.

I always believed futures would kill bitcoin, and the graphs proved it, even with the bear market being inevitable.

But this article refutes it very well. Since bitcoin moves faster than gold, we should not worry too much.

Its a possibility that will last for only five minutes.

Nobody would let that pass. If bitcoin go to $1000 and ether to $0.01 I will stockpile both. It would be a gold rush.

One dollar. Enjoy.




Why every thread always have someone saying "no one knows if this will happen or not"?

I agree. And the way its price is resisting at 6k is amazing. If it was some company in the stock market, it was already broken with these fluctuations.

And ETH will go back to one dollar, when its bubble began.

É impossível discutir sobre altcoins naquela aba. Teve um fio que postei lá, que só teve uma resposta e sumiu da primeira página.

Basicamente, é uma aba de anúncios de ICOs, que a maioria não vai ler. Eu mesmo não dou atenção alguma à estes anúncios, já que fui roubado numa ICO e daí foi nunca mais.

I think we are still in a bear market, because there was no relevant rise in May. The sideline movement dont mean we are out of it, it means that bitcoin is with a very strong resistance.

Next time to start a bullish trend is in August, and then October. July would be a good time to buy, regardless of price.

Thats the problem. Time. The newbies dont have patience. They want 20k now.

E é aí que reside o problema. Só a localbitcoins possui este modelo. Se ela cair, muitos não vão poder comprar e vender bitcoins, por causa da atual cagação de regras das exchanges, e isso levaria à uma queda no preço.

O problema do KYC está sendo ignorado em todos os lugares. Você vê bitcoiners falando mais de personalidades como Roger Ver e Vitalik Buterin do que atacando este problema. É como se houvessem vários cultos à personalidades, à egos de milionários, para jogar uma cortina de fumaça sobre este problema. E tem também os cornos estatais que falam em "lavagem de dinheiro" com usuários que não vão comprar ou vender mais que 10 mil dólares.

Isto é muito ruim, pois no longo prazo pode foder com tudo. Os governos podem não querer proibir a moeda, mas vão tentar restringir seu uso até chegar num ponto em que só os grandes figurões das finanças vão poder comercializá-las. Com a população fora do jogo, não haverá adoção, e jamais chegaremos ao valor de 100k por bitcoin.

No decorrer da semana passada, eu tive o KYC negado em três exchanges diferentes, e por causa disso não consegui dumpar o BCD e o SBTC. Eu vi o problema de perto.

I'm certain he will do that. It will last for a few seconds, he will take a printscreen and then show he didnt lose his bet.

It will not hit 20k this year for two reasons: big money wants to go in, hence is enforcing KYC in the exchanges (most of the exchanges now are more bureaucratic than banks, and the tightening of KYC rules are harming wide adoption by average users), and merchants are not accepting it anymore, due to speculation (which the bears, aka "traders", loves so much, since their mentality is to increase fiat money only, not the overall wealth).

Yes, but before it, there will be a lot of State opression, backed by the nocoiners, which will be the majority. Governments will do their most to take the coins from the users, since without control over money, they dont control anything.

Wences Casares predicted 1 million between 2022-2027. I think something between 2025 and 2027 is more accurate. But I have to say, that I'm fearful about it, because in this scenario, any dump from a dozen whales can bring down entire countries.

Bitcoin needs to have a wider distribution, and thats why people should not cry during these bear markets. They are a chance for new blood to jump in. But we cant have new blood with the current KYC bureaucratic model, we need decentralized exchanges, with some degree of privacy.

Since the persecution is inevitable, my guess is that the whales will awake to the need, in the future, to have a place only for bitcoiners. I read this piece of fiction here: https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ and I find the mention of "citadels" very interesting. Whales which will become trillionaries will want to build places like that.

Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it.

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime.