Gentlemen.... It is time....
Yes finally it's the time.
Bye Bye 30k
40k you are next !!!
Kick the tires and light the fires. It’s go time!
To the moon my friend, to the moon
Gentlemen.... It is time....
Yes finally it's the time.
Bye Bye 30k
40k you are next !!!
I am not sure if I can be that confident. I am not even sure if I would say bye bye to the $20ks, but it is starting to seem like sub $20k is becoming more and more out of the question.
In Bitcoin eco-system we cant say bye bye to any price. It moves so haphazardly that we cant say whats coming ahead. But for now we must enjoy the moment that Bitcoin has broken 30k$ resistance after so many attempts.
You are taking this "unknownness" in regards to BTC price movements to an even greater extreme than necessary, WatChe.
If you had not noticed, the further you move away from the current price, the lower the probability that we are going to reach that price... of course, there is a time factor too.. but since bitcoin generally projects upwardly, we have a kind of framework in which we can frame our probabilities and even attempt to account for really extreme price movements.
I last updated
my upside scenarios chart on December 16, 2021, and my downside scenarios chart on May 19, 2022
And so it is easier to make these kinds of probability assignments when the BTC is in a kind of direction. versus when it might be transitioning between one direction to another, and also it can be good to describe these kinds of probabilities in terms of both price and time, and so in that regard, it is likely that if we just take the next two years or the next 4 years, our price prediction numbers are likely going to continue to move up so higher upside scenarios are likely going to be in the range for the upside and higher lower side scenarios, and some of the lower side scenarios are likely to just fall into very low probabilities.. remember in early 2017, there were predictions for sub $500 that did not end up happening.. and remember in 2018, 2019 and even into 2020, there were predictions of sub $2k that did not happen. .and then in the past few years, there are some folks trying to predict sub $15k bitcoin, and so far it has not happened. .and it seems to be getting further and further out of reach, just like I am being a bit bold in my assertion that sub $20k is starting to become less and less likely, however, if we go below $25k, then I will likely change my assignment of probabilities on those kinds of predictions that I currently have.. which maybe currently I would suggest sub $20k to be less than 20% odds... maybe even less than 15%... but less than $10k might be less than 5% odds... so it makes a difference... not all extremes in BTC price movements are equally improbable (or probable.. depending on the direction the question is framed).
Is there anyone here struggling with a gambling addiction? I'm only 18 years old, but my appearance and behavior has become quite concerning.
Ok.. I will bite.
As you know from the way that you framed your question, you should not be gambling with bitcoin.. instead invest in it...
but whatever, kids these days.. you have to likely go through the process of learning on your own, and hopefully you do not end up killing yourself before you learn your lesson.
So for example, buy $10 per week of bitcoin and in 10-20 years you should be set. Not guaranteed, but still. Of course, if you can afford to do more than that would be even better, such as up to $100 per week....
but no need to overdo it.. you are young so let time work to your advantage, and stop fucking around trying to rush things.. getting rich takes time, and even if you see some examples of people getting rich quickly, it is not likely as common as you believe it to be.. so don't get distracted.. and just stay on a more prudent and practical course.. .. and yeah, you are not going to listen anyhow..
At the same time don't fuck around with shitcoins.. .. but whatever, you are going to do what you are going to do... so why waste time trying to tell you not to gamble when you already admit that you love doing it and you want to do it.. so go ahead, learn your lesson the hard way, and there are some folks who never really learn... even though they know better, they are not able to pace themselves, and instead they want to show themselves as smarter than everyone else.. .. and sometimes they live that way and they get buy and they get into their 40s and 50s and they don't got shit to show for it.. except maybe being bitter at others, and by the time they get into their 60s and if they are trying to cut back on working so much, including sometimes manual labor, they cannot do that and they are mad at the world because they still have to bust their asses just to be able to afford their lifestyle and maybe having to make cuts at an older age when they should have been cutting more in earlier years (and investing rather than gambling).
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