I somehow missed the above prediction and I'd say we aren't even going to the bearish 245k, here's why.
We could say the last bull market was low yield. It only took ups up from 20 to 70 and that's very weak compared to 2013 and 2017. If this continues or stays comparably low we'll reach close to 3x 70 in the next 2 years and reach 200-220k.
But may be the real top was 60k? 70 was reached with a much lower volume. If the real macro top was 60k that would put us below 200k at the next ATH.
There's even a worse scenario.
If the cycles are going to keep bringing less profit each time it would mean less than 3.5x this cycle. Maybe 2x this time and 1.5x next cycle, which would give us 140k by the end of next year and 200k 4 years later.
Those are some pretty bearish takes, and I don't really have any problem with preparing for possible less bullish and conservative scenarios, including that BTC might only appreciate at 6% per year on average for the next 10 years, which would ONLY cause it to double from here until then.
So, we can have more bearish scenarios, more bullish scenarios and what we consider to be more likely (middle of the road) scenarios.. but at the same time, with our own personal finances, we attempt to be conservative, but also ready, willing and able to take advantage of some of the "extra cream" if such "extra cream" ends up materializing.
Some guys cause their expectations to be deflated because they make them too high.. yet, if you do not attempt to prepare yourself both financially and psychologically for a decently wide-variety of scenarios, if you end up NOT being prepared for some kind of an outrageous scenario that ends up playing out (beyond your expectations) then you are going to be more likely to panic and/or do something stupid because you have failed/refused to sufficiently/adequately prepare for such.
IDGAF what happens in April.
Hopefully a giant meteor impacts the planet and we all go extinct overnight for all I care.
Aren't you the life of the party?
[edited out]
Dang Jay…I fell asleep while reading your post .lol.
You better up your game.
Do you get paid per word or sentence…?😂
Per great idea.
I haven't been paid for a while.
My registration date is 2015 for this alias… I have two others that go back to 2012 when I first heard about Bitcoin and started accumulating.
Whale alert!!!!!!!!!
I double down on whatever it was that I previously said then.. since that gives you nearly one more cycle.. or at least more than 1/2 a cycle added onto what I had presumed to be your bitcoin tenure (from your current nym).
For me trading Bitcoin is not gambling… for one I trade a relatively small amount of my stash and two I use strict trading methods.
I am glad about that... I do agree that trading can be used to offset some of BTC's volatility and to provide some downside insurance too.. but I do not recommend it or even endorse it as a BTC accumulation method (especially in the earliest stages of accumulation, which I did not presume to be you, but I do tend to aim my posts at newbies or those seeking to have some interactions about best and better practices rather than at anyone in particular).. until after the BTC HODLer/accumulated has clearly and unambiguously already reached accumulation targets, so then any accumulation would merely be a side-benefit rather than as a means to establish whatever might be defined as his/her core BTC position.
Of course, people can have differences of opinion from me, but does not stop me from attempting to describe and/or proclaim what I believe are better/best practices from my perspective (however narrow. and self-indulged that might be).
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