ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 20, 2023, 04:04:53 PM |
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  ExplanationChartbuddy thanks talkimg.com |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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bitcoinPsycho
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Activity: 2464
Merit: 2066
$120000 in 2024 Confirmed
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July 20, 2023, 04:50:53 PM |
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New poll  |
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aesma
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July 20, 2023, 04:50:59 PM |
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There are a lot of BIG actors that are likely hesitating to come into bitcoin, including governments, and can you really imagine that some of the bigger wallstreet players to really be coming into bitcoin, because if they did come into bitcoin with anything higher than a 10% allocation, there is no way that they would not end up moving the BTC prices to the upside in very substantial ways. With our BTC price movements so far, we hardly see any kind of meaningful entrances into BTC, and I am not going to agree to witnessing any meaningful wallstreet entrances into BTC (in spite of what they are saying) unless we end up seeing BTC prices in the $1million territory.. perhaps in this cycle?
Otherwise if we are not seeing BTC prices in the $1 million territory, they are not likely meaningfully getting into dee cornz.. in spite of their "talking it up." And, by the way, $1million is LESS THAN a 15x price appreciation from our already existing ATH... so does not seem to be much if any kind of meaningful stretch of the imagination to consider that bitcoin should fairly easily be able to reach $1million territory in this cycle.. but I still would not give it high odds of happening, even though they are not small odds either.. maybe in the ballpark of 10%-ish to see BTC price in and around (perhaps not breaching) $1 million in this cycle.. so within the next 3 years or so?
Isn't it a bit of a chicken and egg situation ? |
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infofront (OP)
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Shitcoin Minimalist
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July 20, 2023, 04:54:29 PM |
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Hello friends! Old poll results:  |
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ChartBuddy
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July 20, 2023, 05:01:19 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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Out of mind
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I like to treat everyone as a friend 🔹
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July 20, 2023, 05:46:13 PM |
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Hello friends! Old poll results: Hi Buddy..!! Seeing this, we can say for sure that the BULL market will start in 2024.,,, 🐂 BTC(HoDL BTC) |
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cygan
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Cashback 15%
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July 20, 2023, 05:57:43 PM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 20, 2023, 06:01:22 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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Out of mind
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I like to treat everyone as a friend 🔹
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July 20, 2023, 06:14:24 PM |
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Another interesting BTCBTC mining metric is the cost value of each TH/s installed by each BTCBTC a miner as a proportion of the Enterprise Value less BTC hodl.
are should be taken as some of the BTC miners have additional revenue streams, some of which are highlighted below. Source  |
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Richy_T
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July 20, 2023, 06:31:11 PM |
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Yes, you could buy Teslas with Bitcoin for about 3 days. Musk pussed out though. |
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Gachapin
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July 20, 2023, 06:43:50 PM
Last edit: July 20, 2023, 07:20:47 PM by Gachapin Merited by JayJuanGee (2) |
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Interesting  .... I’m not sure if after this cycle there will be any larger players left to continue it after Wall Street, so I would recommend taking a little off the table whenever we do peak, likely around Q3 of 2025. No big players being left, would mean that all most large players need to get in heavily during 1-2 years or so. I don't see that happening, even if an ETF gets approved. And after Wall Street the next round would be countries building BTC reserves... apart from El Salvadore I don't see many moving into that direction either. So I think after the next cycle peak there will still be enough big players that have't gotten in yet. Of course there could be other reasons for demand drying up, but probably not the case that all big players are already in. (Btw we haven't even taken into account that BTC can function as a blackhole sucking money out of almost any other investment there is in the world (gold, overvalued real estate and stock market, etc)) Actually, "taking a little off the table whenever we do peak" is great advise but isn't it difficult for you to identify when it happens before your eyes? If not please do me favor and let us know, when you see the cycle peak. Thanks  |
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Bitcoin_people
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July 20, 2023, 06:44:26 PM |
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Wow Amazing..
Good news..
People will spend bitcoins to buy it.
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ChartBuddy
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July 20, 2023, 07:03:26 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 20, 2023, 08:03:26 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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AlcoHoDL
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Addicted to HoDLing!
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Pointless post, I know, but...
Sick & tired of $29xxx - $31xxx. Come on, Bitcoin, do something, blah blah blah...
Seeing $4xxxx in the summer/autumn will be something. I won't dare dream of ATH this year. Don't mind it coming in 2024 (as it will).
Life is good, but can always be better.
The 2024+ cycle will be major, even life-changing, for many of us. HoDL strong WOers, we're getting there!
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Gachapin
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July 20, 2023, 08:24:45 PM |
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Pointless post, I know, but...
Sick & tired of $29xxx - $31xxx. Come on, Bitcoin, do something, blah blah blah...
Seeing $4xxxx in the summer/autumn will be something. I won't dare dream of ATH this year. Don't mind it coming in 2024 (as it will).
Life is good, but can always be better.
The 2024+ cycle will be major, even life-changing, for many of us. HoDL strong WOers, we're getting there!
when compared to the previous cycle, it could well be that we stay in range for another year... but I mean a broader range like 20k-40k. |
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Hueristic
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Doomed to see the future and unable to prevent it
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July 20, 2023, 08:27:25 PM |
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Hello friends! Old poll results: Shit, I forgot what I voted in the last one!  Upside for sure on this one. *Pretty sure it was 2023 |
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ChartBuddy
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July 20, 2023, 09:01:22 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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Bd officer
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Cashback 15%
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July 20, 2023, 09:28:34 PM |
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jojo69
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diamond-handed zealot
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Poll
