I officially doubt 8000 :p I think there might be a greater trend taking priority but price can go anywhere if volume should stay light then later confirm elsewhere on greater full market volume.
So $50,000/BTC and $0.50/ADA is all basically what I expect (and hope for) before November.
50k BTC is 2021 talk if we are lucky, if we are lucky at all in the next decade as far as I can see. Forget the price, we have to consider the total market capital available in this sector or even just BTC but that total then is in contrast to other asset types and alternative markets to this one. If bonds leak alot of value (they've risen since Reagan first got in) then yea 50k I agree but even then alot of that value is going to gold, other FIAT currency especially commodity wealthy countries with good trade balance and of course stocks always rise nominally when value of the currency declines unless the business fails but globally that wont be it.
In short 50k BTC has to be on a seesaw and see some other value go down as BTC rises, thats what I expect. Large figures dont move as easily, naturally the rate of change should not be increasing but decreasing over time.
BTC price right now is at some resistance.
Overall, you seem quite bearish on upside potentiality of bitcoin. It is like you don't even understand the asset that we continuously discuss in this thread.
Sure, I am NOT a person who banks on $50k having to happen in 2020, 2021 or even any time before 2028, but still I recognize and appreciate the upside potential which could end up delivering us a $500k bitcoin in 1-2 years. Of course, this might not happen also, but the mere fact that bitcoin already has a lot of value in it does NOT take away from the fact that it continues to have considerable upside potential, including that we only have less than 1% of world adoption, and financial institutions continue to be quite skeptical of bitcoin, even while BTC investment vehicles are increasingly coming available to them.
Yeah, right
you believe that gold has some kind of significant ability to absorb distressed value merely because it has financial vehicles already vastly in place and developed, but in the end, you really believe that such grandpa coin (referring to gold) is really going to appreciate in value beyond perhaps a 2x or a 3x in the coming years, even in the best of scenarios? A more likely gravitation of value into gold would result in less than a 2x appreciation of value, and surely the top of bitcoin is neither $50k in one to two years, but instead also has some decent probabilities of being front run in terms of the timing of the likely upcoming BTC price appreciation.
And, fuck also the speculation that alts have to come with. Yeah, there might be some of the alts coming with on such BTC price surging trip, but such altcoin season is not in any way any kind of condition precedent, even if they have more pumpamentals (scammer richard heart term) due to their having way less liquidity.
I could give two shits in terms of my own investment whether BTC stays stagnant in the less than $20k range in the coming years or takes 8 years to pump to new ATHs, but my own financial and psychological preparation for worser case scenarios should not be considered to take away from those kinds of more bearish scenarios for bitcoin seem to be quite unlikely to actually take place, and we have decent odds of going to $20k plus before the end of 2021.. and the odds are decent too that we could also end up in a supra $150k territory in the same before the end of 2021 timeframe.
Hopefully, peeps like you, STT are not holding back in their BTC investment based on lack of acceptance of the decent likelihood of more bullish BTC scenarios that could equally end up knocking us off our feet in similar ways as the seemingly 2017 over performance of BTC. I agree with your assertion that the degree of the bubbles are likely to become less and less and less in bitcoin with the passage of time but even that is not a condition precedent and even that would not negate going to $250k (because $250k is only about a 63x price bubble, which would still have been less than our approximate 78x 2017 price bubble).
Nice articles V8....
Not sure if you are playing the glass-half-full card that STT seems to be playing with seeming conviction, or if you genuinely are such a pessimistic poop.
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