buddy will cross the 100 straight 29k mark soon very soon.
There will be a reversal before that.
we are at 94 or 95 straight 29k marks.
As a miner more than anything else I can tell you 29k is very much an okay price for big miners.
So at the moment big mining is driving price more than speculators.
It is an occasional 'thing' maybe 10 percent of the time so sooner or later the price will go back to the hands of investor/speculators.
Yeah and historically September has been red for the Bitcoin market for most of the time. It sounds crazy but i am expecting a fall towards 25k and i am happy about that. This correction could be the last one and it is good for the market.
I see us in the 2015-2016 slot or pattern.
which means we slowly drift upwards to 60-72k right before the ½ ing next year.
A sept rollback is possible but if you look at the 8-9 month slot in 2015-2016 price was good not great for mining.
So we may not get the large 10-15% rollback you predict.
Basically we look at old patterns and hope we repeat the pattern we guess.
Since I mine and hodl more then I buy and hold. I pick the older pattern I like. Reality is who knows.
I have some troubles with the idea of showing numbers (as if they were tops or something) that fall in the middle of what seems to be our current noman's zone of around $55k to $80k.. so it seems problematic to be suggesting that numbers between $55k-ish and $80k-ish would be very relevant.. including implying them as potential stopping points.. .
Maybe instead of no man's zone, it might better to refer to that price range as "bat country?"
Then at least we would have a meme to go along with the concept to attempt to make it more understandable in terms of what it means.
Stuck at twenty-nine,
Bitcoin's dance in frozen time,
Price whispers decline.
For the most part, price whisper's 50/50 odds
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Maybe 2023 peak of the different
I think that will happen-
2023 peak target: $45000/$50000
2024 (pre-halving): consolidation
2024 (post halving): New all time high (ATH - something like $75000/$80000 as 2024 high)
2025 Cycle peak ($100,000 to $150,000)
2026: Bear market
Seems a bit bearish (or conservative), but o.k...
It probably does not hurt to error on the side of being more conservative.
because another thing is that that does not seem likely, but we should attempt to prepare for scenarios in which bitcoin merely performs right around similar to any other investment in our investment portfolio with perhaps something like a 6% to 12%
CAGR... even though some argue that bitcoin has around a 100% CAGR, and I would argue that my own CAGR experience when it comes to bitcoin is in around the 75%-ish territory.. and so even getting more conservative with the actual real world performance CAGR is not necessarily a bad thing..and surely there are bear scenarios too, that seem less likely but they are always present, even if such more bearish scenarios don't seem to have very high odds of playing out.
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32k has a strong resistance and it might be hard for the market to cross it and we have already seen it. I also agree with you about the reality that it is unexpected and full of surprises.
Who knows if $32k resistance is strong or not.. Sure people are suggesting it to be strong, but I have my doubts in spite of our not breaking through it and our not being above $32k for 14 months.
In any event, I would characterize there to be right around 3 resistance points between our current prices and $100k.
So the lowest one would be around $35k, the second around $55k and the third one around $90k. Of course ballpark ideas.. but just the current frame work that I am using for my own thinking about various potential sticking points on the way UPpity.. and sure it would not feel very good to NOT reach $100k in the next year or two or even 4 years, then (if not before that) probably there would be some needs to rethink the location of these various conceptual sticking points.
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fuck you JayJuanGee = 5
you inspired me to write = 7
this to switch not push = 5
Lookie uie pooie getting all upsettie, and it is not even thursday... don't get too worked up too early in the week
(or would it be late in the week?)So lets see if we make the switch today. using the power of haiku, buddy be at 98 29k's in a row as I type.
Will Sunday haiku make the switch or not.
You are truly going to jinx this.
is that what you are trying to do?
some good ole reverse psychology?
At JJG @ no homo I have zero desire to fuck you or make you fuck off all in fun on a boring Sunday
Are you hitting on me?
@JJG yeah there are times miners drive prices but I am sure you can't possibly agree to that.
NOT!!!!!
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