50-day SMA : 2017 vs 2019 overlay.
Smoother ride this time.
Bitcoin no doesn't do "smooth."
You might get a bit more "smooth" after bitcoin's market cap becomes higher than the market cap of gold, but still no guarantees of "smooth", even after that because: wait..... wait for it.... wait......... : bitcoin.
By the way, bitcoin will reach gold's market cap after about another 35x in it's unit price to about $350k per BTC, ... or if we use our $4,200 bouncing off price as the base jumping off point, then that would be a bit more than an 80x increase from $4,200, which would be a similar bounce from our earlier 2015-2017 bubble, if we were to count $250-ish as our 2015 bouncing off point.
Surely, gold's market cap is reachable, even in this next upcoming bubble, but to me, such a $350k BTC price seems far from sustainable in any kind of short to medium term timeframe, which means that it is quite likely that bitcoin prices will take at least a couple of upwards price bubbles before bitcoin really might have a decent and reasonable potential chance to start to "smoothen" out.
I am not as confident as McAfee in terms of timeframe or that two bubbles is possible in the next year or two in order to get above $350k per coin and even if so to reach a kind of stability above that $350k price point in anything approaching the near term or even in less than 8 years, and surely we might need even up to three upwards BTC price bubbles in order to get there and to have some stability or smoothness, which could take us to around 8 years (which would be about two more halvenings) before BTC prices are stablely over $350k and thereby somewhat "smoother" on somer kind of decent and reasonable comfortable ride kind of level.
On the other hand, who the fuck needs smooth, especially when it is not likely to happen anyhow.. Why wish for something that is not really reasonably likely to happen at any time reasonably in the short or medium term future, when the BTC price dynamics ride is mostly UP, anyhow?
I would say for anyone, and this comment is not just directed at you Phil_S, just learn the fuck how to manage the peaks and troughs of BTC's most likely price dynamics a bit better in order that you can take advantage of the most likely scenario in the coming 8-10 years, which is most likely to play out as "unsmooth" and UPpity price movements.
Should be possible to both plan for unsmooth and UPpity and to profit immensely from that most likely scenario, without getting too greedy, no? Seems like we are given a kind of gift here with bitcoin, even though it is NOT smooth nor likely to be smooth.
Bitcoin's medium term trajectory in the next 4-10 years, is somewhat predictable, and that is continuing to be volatile as fuck and mostly in the upwards direction. How the fuck can you lose, if you play your cards right without gambling on short-term phoney baloney, or shit coins or other distractions, like a dumb and compulsive diptwat
(speaking generally, here, and not referring to you specifically Phil_S)?
Bitcoin seems to be about as close to a sure bet that you could ever be given in life, no? Ways to take advantage of such, no? If you have enough patience to play this baby out for the longer term, then you could be prosperous in a short time horizon, but if you have enough patience to attempt to play it out in 8-10 years, then you are likely to be even more secure - even if along the way, you are not too likely to experience any kind of meaningful nor significant levels of "smooth."
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