Relaying words.
I am pretty sure shitton of people will be unloading their stashes like there is no tomorrow when btc starts to go above $50k. Not many will be left to hodl a full piece when it hits $100k.
When BTC goes above $100k and hits $1m, those who sold from $50k will be very sorry unless they owned and dumped at least 20 btc.
In the SegWit donations taking scenario at the May 2020 halving, they may never ever get that opportunity. They’ll be fleeced before that price level is available. Whether Craig Wright (and his mining partners who already control some 3% of the network hashrate) carries out the plan to monopolize (i.e. buy all of for a year or more) the production of ASICs with the proceeds of the $100+ billion (and growing) SegWit “anyone can spend” UTXO booty remains to be seen. My popcorn is ready.
I still remember 10 years ago, when I went into the bank and made a 5 year deposit with 4.5% year interest. I lived happily through those 5 years taking my profit. Until I heard of Bitcoin. What will be the interest of my Bitcoin deposit in 5 years? Incredibly high, for sure. Therefore, the price of suffering one more bear year is insignificant compared to the prize after that.
[…] I believe that when I got into bitcoin in late 2013, my plan was to attempt to stay in for at least 1 year, even though i felt that I did not know much about bitcoin, except to attempt to treat it like a long term capital gains tax[for the tax advantages] […]
I removed the superfluous word for ya.
So you admit that in the past you had blinders on, and you obviously have become very devoted to
BTC because a 1% of net worth investment has appreciated to 99% of your net worth according to you in prior posts.
But you refuse to acknowledge that perhaps you have blinders on again, and refuse to even dig into my research which I argue clearly shows that Core Bitcoin is not Bitcoin.
It’s going to be hilarious that after all these years of appreciation, you lose it all because you were too proud to have a skeptical mind (skeptical of your own blinders).
Just saying.
All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.
2022 seems to be the consensus. IMO that's a good indicator that we'll moon before or after 2022. Probably before, since most people also seem to be convinced that the BTC cycles are lengthening.
+1 (because I have no merits to give). Except if the SegWit taking scenario comes to fruition as soon as May 2020, that mooning above $100k may only come on obscure OTC markets for those who hodl legacy addresses.
I am so badly disillusioned by shitcoins I don’t think I am capable of taking any blockchain project seriously. And that’s probably not a good thing, because if something genuinely good does come along I will probably just reject it out of hand.
Indeed, but look for an anonymously launched, volunteer development team, two-tiered coin, absolute anonymity, bona fide decentralized transaction volume scaling, and true ASIC resistance circa 2020 as an alternative to the Libra 666 choice… the second coming of Satoshi…
The BTC/alt charts generally look terrible to me from a technical angle. A lot are in no man's land, where they've broken long-term support. I'm not touching that until I see signs of utter capitulation (sea of -2x%) or BTC's rally getting long in the tooth.
Indeed ties in with my recent post (has it been posted?) arguing that we have a significant pullback over the next several months before an ATH (note another AYH may possibly arrive short-term before the posited pullback).
Lets find out. New poll time!
Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.
Yeah I wavered a bit on how to word it. I dunno
What if the peak ATH is at the halving and Core crashes to $775 after that? Did that qualify?
It's a bullshit scale. There is no authoritarian left vs authoritarian right. The classical scale is only a single X axis where the further right you go progressing towards smaller scales of govt, the closer you get to 'anarchy', while the further left you go, the closer you get to authoritarianism, totalitarianism, marxism, fascism, and everything else which are all in the same group since they all require large govt. That is not to say 'anarchy' is actually a good thing, anarchy just means abdicating power to whatever random passerby wants to seize it to then rule over you.
You’re attempting to view the politics of individuals through the filter of big vs. small government, which is the
correct filter from a non-WASP, true Christian perspective (c.f. also discussion with @Traxo in the comments of linked blog). Note there are not many non-WASP, true Christians in this world. The Bible says 144,000.
But psychology of individuals is not so one dimensional as your filter. The quadrants of that graphic depict the psychological basis for the reasons that individuals align left or right.
This is one of the examples where although reasonably smart (2 SD?), you lack 3+ SD sophistication and nuance in your thought processes.
Posted as an
impartial messenger, which means don’t presume I agree with the choice of wording or even the points made. Nevertheless the forum benefits from hearing all sides of an argument.
[…] And I expect
BTC to move to at least a double-top of $20k (if not much higher) before or by the halving May 2020,
because Craig Wright will need for the difficulty to be very high so he can drive the Core shitcoin fork chain to a near standstill if he craters the hashrate with the donations taking incentive. He might be bluffing though […]
[…] but I will explain that @Husain_Zabir’s
A and
B price levels are probably too low and his
C bottom target is probably too high. Also the Rogue Wave could possibly top as high as $78k. The low (presumably
BTC not $) volume on
@HairyMaclairy’s chart seems to indicate this current move is not complete.
Yet let’s revisit @infofront’s stock-to-flows valuation chart hypothesis which was based on
my speculation fractal modeling. I have added some black lines to his chart and also drawn in green the progression of the
BTC price up to July. I have also extrapolated in green-to-blue a scenario hypothesis on the price from now to the May 2020 halving:
Also my annotated chart of the
BTC price below indicates that this pullback has support at $10k, $8k, $6k and worst case $4k […]
However instead of the usual scenario after the halving, I expect a divergence between the Core BitcOn-job and the real “v0.1”, immutable Bitcoin (i.e. not BCH nor BSV). I expect
Core shitcoins to crash to Martin Armstrong’s $775 prediction, whilst real Bitcoin will appreciate under the radar to $1+ million until it is eventually used to
back Facebook’s Libra after the strong U.S. dollar vortex.
wtf? The forum certainly does not benefit from hearing such bullshit!
Indeed the halving is going to be a peak price for the Core shitcoin, not the start of higher and higher prices for that piece of shit.
Here is a good interactive, logarithmic chart for historical prices:
https://www.tradingview.com/chart/BLX/vR2WQLMS-Plagiarism/So thus we can expect a 40 – 50% decline now from the 66% of the ATH price (which is $13k) and 5 – 6 months sideways action after that until the vertical move to an ATH peak at the May 2020 halving. That peak price could be significantly higher than the minimum target of a double-top at $20k, such as high as 14X the $6250 level per @infofront’s annotations on PlanB’s chart above.
It’s very clear what is happening now. I have taken some profits.
The Core shitcoin has dropped below the thick dashed green line, which may now act as overhead resistance
forever. Perhaps only the real Bitcoin will rise back above that thick line after the halving after the SegWit taking restoration of unforgeable costliness.
Poll
