Most impeccable realistic scenario with $200k+ in 2025 and hitting $1 million in 2029.
@seth_finThat comes off as a bit bearish and/or conservative... which is actually right around a 3x price increase from the previous cycle top, and then the following cycle to be around a 5x price increase...
Even though I don't like to get too wrapped up in tops, but something is wrong with such ..
or maybe those are 4.5x tops and just using 2017 to 2021.. top to top as being 4.5x and then saying we are 4.5x from here on out.. top to top.
That would then get us to similar numbers $69k x 4.5 = $310k-ish.. and then 4.5x more for the next cycle would bring us to $1.4 million.. but since we might want to tone it down a bit, we are going to just say $1 million.
I still don't like it, even if it might end up playing out in such a conservative and/or whimpy way.
There is no reason to get overly excited and to exaggerate what it expected, but at the same time, we can still put those projections in the location of strange and weird... and maybe overly attempting to predict around "round numbers."..
King daddy does not do round numbers.. even though people frequently make those kinds of claims about it supposedly getting stuck at round numbers.. which is just bullshit in the whole scheme of things.. even if there might be short-periods of seemingly stuckedness..
TLDR: (this one's for you Hueristic) I don't like it.Edit: After I wrote my whole post, and actually looking at the chart more closely, I see that it seems that I am mostly just quibbling with @Paashaas's interpretation of the chart rather than what the chart actually shows.. but since I already got it in my head that "I don't like it," I am sticking with my story.Are you sure you are awake ?
You truly are amazing, if you do say so ur lil selfie.
Well price needs to be over 45k by April 1 or a shit ton of miners will bailout.
That sounds like a mining death spiral.
I think that it is getting close to the time that "we" should panic.
OMG.
Most impeccable realistic scenario with $200k+ in 2025 and hitting $1 million in 2029.
@seth_finNot sure how he explains why the current graph seems to be bending downward (decrease in % increase each new cycle), but the future graph starts to bend upward.
In reality it is not clear what the future graph will show.
It could very well go supra-exponential, but I wouldn't count on it and made my peace with "just" 140-150K max this cycle, which is probably on the conservative side of most expectations.
That's what I was trying to say... but I just couldn't get it to come out of my lil mouthie..
(or is it mousie?).
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