Give me your predictions for the next long term peak, and why.

[RealMalatesta]

What if we have a "double bubble" (yes I just made up that term ) like 2013? In April, the market topped ~7x above the 2011 ATH, then crashed ~83%. If we apply that extrapolation, we get a top at ~$140K and a bottom at $25K. Then comes the real fun part.

"Double bubble" (I love that by the way, great naming) can't happen right now with this much money required.

We had it back in the day because it was something that was easy to have, whereas right now we are not having anything like that, we are having something much harder because going from 25k to 30k took nearly a billion, with a billion you could have moved it from 30 dollars to 1 thousand dollars easily, hence why it is nearly impossible to have double bubble. Is it technically impossible? It is not, we could even have a million dollars per bitcoin technically speaking, it is all about how much money goes into bitcoin, maybe Warren Buffet, Jeff Bezos, Bill Gates all get together and put their money into bitcoin? Obviously it is a joke and won't happen but technically speaking if they did that, we would have one million dollars per bitcoin price as well, so it is possible but very unlikely.

[thecodebear]

I enjoy seeing a few predictions from like 4 weeks ago for the next long term peak in like a year being $30k, and on the first day of 2021 the price has already come within $100 of that prediction haha. So many people are soooo conservative and don't understand what Bitcoin bull runs are like.

Yep, I've been trying to nudge people in that direction ever since 2018. I'm always amazed when I think about how many people thought the next cycle could top 25% or 50% above the 2017 ATH ($25-30K).

Speaking of which, my mom just texted to tell me she and my brother both think I should sell all my BTC, immediately.

When a major correction comes, the bears will come out of the woodwork, believe me. They'll shout that the top is in for good, just like they did in June and July 2017 after the correction off $3K. Bearish sentiment will build, weak hands will get shaken out, bears will build short positions.......and then all those sellers will provide fuel for the next leg up.

If there is a long term top in roughly a year followed by a long bear market like the past two cycles, it'll likely be between $100k and $200k.

What if we have a "double bubble" (yes I just made up that term ) like 2013? In April, the market topped ~7x above the 2011 ATH, then crashed ~83%. If we apply that extrapolation, we get a top at ~$140K and a bottom at $25K. Then comes the real fun part.

Yeah people who think the bull run will go up 50% from old peak just don't understand the bitcoin market.
My mom told me a month or so ago when Bitcoin was a bit under $20k that I should sell, I straight up laughed at her, then the very next time I talked to her she said the exact same thing haha. Anytime Bitcoin comes up when I am talking to her she says "speaking of which you have to show me how to sell" and I have to tell her not to sell anytime soon it'll go much higher in the near future. This has been a repeated conversation for the past year or so haha.

I like "double bubble" haha. Yeah who knows what exactly will happen. All I know for sure is prices will be much higher than current prices in the future.