BTC: ($10K), $20K, $50K, $100K - when ?

[Kapyong]

Well yes, there were sceptical voices - good job
But I meant not on this thread of optimists.

Meanwhile, BTC is rising nicely again.

I recall an article (that I can't find now) that showed the several previous BTC peaks as all having that classic pattern of slow rise, acceleration, peak, 2nd peak, fall.

This classic bubble pattern (I forgot the exact name of the original author):


The point was, each BTC peak was way higher than the previous one - like orders of magnitude.

First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.

Or something like that, hoping some knowledgeable reader can recall that specific article ?
Maybe on ZH ?

If he is right, the next bubble could be millions.
Which seems very unlikely, but maybe $100,000 ?

Kapyong

[1715033325]

1715033325

[1715033325]

1715033325

[1715033325]

1715033325

[Pattart]

Thanks for replies folks

Yup, we optimists were way wrong (but that doesn't seem to stop others from making optimistic predictions I see.)

Yep, endless predictions are getting a little boring.

Yes, although there are some positive signs lately, could still go either way.

Oh well, we can still dream ...

Meanwhile, I wonder how McAfee will wriggle out of his promise :

"I now predict Bi[t]coin at $1 million by the end of 2020. I will still eat my dick if wrong."

Ouch.

Never mind that, as if he will do that if things will not go according to what he was said, what is important right now is to have your own interpretations of what market will bring after some time of holding and trusting this chain, it's best to see the growth and another peak which will replaced the last time high, still optimistic seeing that for much shorter time frame.

I think that it is quite impossible to happen, for example we imagine the development of bitcoin moving positively as we imagine, prices continue to rise, and there is a bullish and pump. maybe we will get a new ATH, but if you look at the old ATH with new ATH, there is no a significant difference like up to hundreds of times? so in my opinion 1 million is a difficult price. but I respect your optimism