LoyceV
Legendary
Offline
Activity: 3472
Merit: 17519
Thick-Skinned Gang Leader and Golden Feather 2021
|
|
June 22, 2021, 08:39:21 AM |
|
I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up. Well, at least we're half way there now
|
|
|
|
Cryptotourist
|
|
June 22, 2021, 08:50:23 AM |
|
I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
June 22, 2021, 09:01:33 AM |
|
|
|
|
|
Krimster
Member
Offline
Activity: 84
Merit: 11
|
|
June 22, 2021, 09:08:10 AM |
|
Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.
|
|
|
|
Karartma1
Legendary
Offline
Activity: 2310
Merit: 1422
|
|
June 22, 2021, 09:14:42 AM |
|
Out of merit, this deserves at least ten and I should make a t-shirt out of it I'd be the best boy on the beach then.
|
|
|
|
BlackHatCoiner
Legendary
Offline
Activity: 1680
Merit: 8272
Bitcoin is a royal fork
|
|
June 22, 2021, 09:35:07 AM |
|
New poll, please!
Question: Is ChartBuddy an A.I?
|
|
|
|
AlcoHoDL
Legendary
Online
Activity: 2534
Merit: 4673
Addicted to HoDLing!
|
|
June 22, 2021, 09:37:37 AM |
|
I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up. Well, at least we're half way there now This is something that should make all of us very happy. $30k will not be here for very much longer, so we'd better make good use of it while we still can. I'm talking mostly about noobs, but it applies to anyone with some fiat to spare. The way I see it is this: 1. Bitcoin is practically guaranteed (math, science and all) to reach 6 digits and beyond. $1M/BTC is a perfectly normal and expected (actually inevitable) price level. Bitcoin has to reach $1M/BTC, or else it won't be able to take the position and role it's been designed to take (i.e., as the primary store of value of the world). 2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do. 3. Given (1), dips shouldn't worry us at all. Given (2), we should be buying any amount of BTC we can afford. Bob's degenerate buying spree of $500 a pop when he's already a multi-millionaire may seem illogical (it does/did seem like that to me too), but he knows what he's doing. It will be fun to see those $500 grow to $10k each, and beyond. tl;dr: We are going through what could be the last deep 5-digit BTFD in Bitcoin's history. Worried? See (1) above. What to do? Apply (3), sit back, relax, and enjoy your wealth growing in your sleep (good one, Warren Buffett). Wanna buy 75" TVs and shit? Go ahead, but don't cry like a little girl later on -- I'm sure those pepperonis were really tasty. Damn, that's some fucked up tl;dr as I'm referring to the main text...
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
June 22, 2021, 10:01:26 AM |
|
|
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2394
Merit: 1191
Privacy Servers. Since 2009.
|
|
June 22, 2021, 10:04:38 AM |
|
I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up. Well, at least we're half way there now This is something that should make all of us very happy. $30k will not be here for very much longer, so we'd better make good use of it while we still can. I'm talking mostly about noobs, but it applies to anyone with some fiat to spare. The way I see it is this: 1. Bitcoin is practically guaranteed (math, science and all) to reach 6 digits and beyond. $1M/BTC is a perfectly normal and expected (actually inevitable) price level. Bitcoin has to reach $1M/BTC, or else it won't be able to take the position and role it's been designed to take (i.e., as the primary store of value of the world). 2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do. 3. Given (1), dips shouldn't worry us at all. Given (2), we should be buying any amount of BTC we can afford. Bob's degenerate buying spree of $500 a pop when he's already a multi-millionaire may seem illogical (it does/did seem like that to me too), but he knows what he's doing. It will be fun to see those $500 grow to $10k each, and beyond. tl;dr: We are going through what could be the last deep 5-digit BTFD in Bitcoin's history. Worried? See (1) above. What to do? Apply (3), sit back, relax, and enjoy your wealth growing in your sleep (good one, Warren Buffett). Wanna buy 75" TVs and shit? Go ahead, but don't cry like a little girl later on -- I'm sure those pepperonis were really tasty. Damn, that's some fucked up tl;dr as I'm referring to the main text... Man this is a kind of bullish/hodl posting everybody needs right now. Fuck bears, fuck China! HODL! Hodl strong brethren!
|
|
|
|
somac.
Legendary
Offline
Activity: 2106
Merit: 1238
Never selling
|
|
June 22, 2021, 10:28:11 AM |
|
I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up. Well, at least we're half way there now This is something that should make all of us very happy. $30k will not be here for very much longer, so we'd better make good use of it while we still can. I'm talking mostly about noobs, but it applies to anyone with some fiat to spare. The way I see it is this: 1. Bitcoin is practically guaranteed (math, science and all) to reach 6 digits and beyond. $1M/BTC is a perfectly normal and expected (actually inevitable) price level. Bitcoin has to reach $1M/BTC, or else it won't be able to take the position and role it's been designed to take (i.e., as the primary store of value of the world). 2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do. 3. Given (1), dips shouldn't worry us at all. Given (2), we should be buying any amount of BTC we can afford. Bob's degenerate buying spree of $500 a pop when he's already a multi-millionaire may seem illogical (it does/did seem like that to me too), but he knows what he's doing. It will be fun to see those $500 grow to $10k each, and beyond. tl;dr: We are going through what could be the last deep 5-digit BTFD in Bitcoin's history. Worried? See (1) above. What to do? Apply (3), sit back, relax, and enjoy your wealth growing in your sleep (good one, Warren Buffett). Wanna buy 75" TVs and shit? Go ahead, but don't cry like a little girl later on -- I'm sure those pepperonis were really tasty. Damn, that's some fucked up tl;dr as I'm referring to the main text... Man this is a kind of bullish/hodl posting everybody needs right now. Fuck bears, fuck China! HODL! Hodl strong brethren! + 1 million. And after I read these posts I decided to add, what I think, is an appropriate signature to my avatar.
|
|
|
|
ImThour
Copper Member
Legendary
Offline
Activity: 1498
Merit: 1614
Bitcoin Bottom was at $15.4k
|
|
June 22, 2021, 10:33:31 AM |
|
Hey Fellas, I am from the Future. Bitcoin already reached above $100k in 2021 itself. We all are laughing about the FUDs which happened in May-July of 2021. One good thing, we got rid of China's dominance in Crypto Market. $121,145 is a strong support as of today (18th February, 2022). Good Luck, look at the bigger picture.
|
|
|
|
ivomm
Legendary
Offline
Activity: 1888
Merit: 3081
All good things to those who wait
|
|
June 22, 2021, 10:36:44 AM |
|
|
|
|
|
Lucius
Legendary
Offline
Activity: 3402
Merit: 6112
Crypto Swap Exchange🈺
|
|
June 22, 2021, 10:38:34 AM |
|
2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do.
I agree with most of what you wrote, but I personally don’t like that individuals accumulate so much BTC despite being distinctly bullish at the moment - because it’s known what Saylor thought about BTC back in 2013, and I can never rule it out the possibility of him changing his mind again - because he is, after all, just a man trying to make as much profit as possible. What Bitcoin needs is more decentralization, which is just the opposite of people like Saylor or Musk becoming his trademark.
|
|
|
|
ImThour
Copper Member
Legendary
Offline
Activity: 1498
Merit: 1614
Bitcoin Bottom was at $15.4k
|
|
|
|
|
heslo
Legendary
Offline
Activity: 1202
Merit: 1181
|
|
June 22, 2021, 10:54:17 AM |
|
Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.
At least if the hash rate doesn't come back online difficulty will once again adjust and everything will be ok with the world again; the beauty of bitcoin in how it was structured. That being said I'm sure the hash rate will come online again, too much money spent on the miners themselves to just stop, I'm sure they're getting relocated to other parts of the world
|
|
|
|
somac.
Legendary
Offline
Activity: 2106
Merit: 1238
Never selling
|
|
June 22, 2021, 10:54:57 AM |
|
2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do.
I agree with most of what you wrote, but I personally don’t like that individuals accumulate so much BTC despite being distinctly bullish at the moment - because it’s known what Saylor thought about BTC back in 2013, and I can never rule it out the possibility of him changing his mind again - because he is, after all, just a man trying to make as much profit as possible. What Bitcoin needs is more decentralization, which is just the opposite of people like Saylor or Musk becoming his trademark. Decentralization of ownership of coins is not going to happen. It's against human nature, and is the reason things like comunisim came to be and the reason why they fail. That's ok though because ownership of coin is not that important in the decentralization story. Preventing control over the protocol is where decentralization matters and as we have seen recently, no matter the price, no matter the bullshit of regimes like the CCP, Bitcoin itself continues on without issue. It has and will always allow anyone, without prejudice, the ability to transact.
|
|
|
|
somac.
Legendary
Offline
Activity: 2106
Merit: 1238
Never selling
|
|
June 22, 2021, 10:56:44 AM |
|
Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.
At least if the hash rate doesn't come back online difficulty will once again adjust and everything will be ok with the world again; the beauty of bitcoin in how it was structured. That being said I'm sure the hash rate will come online again, too much money spent on the miners themselves to just stop, I'm sure they're getting relocated to other parts of the world Of course they will come back online again. Do people think these chinese miners are just going to throw the equipment in the bin. At the very least they will sell it. I should also add that hasrate has been hovering around 100 EH/s since the latest mining ban announcement. I think that's it, they've all been shutdown now.
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3696
Merit: 10357
#1 VIP Crypto Casino
|
|
June 22, 2021, 11:00:38 AM |
|
30k support be like.....
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
June 22, 2021, 11:01:27 AM |
|
|
|
|
|
|