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Author Topic: Here’s the Case for Bitcoin (BTC) Rise to $180,000, According to Weiss Ratings  (Read 602 times)
exstasie
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June 30, 2020, 10:44:38 PM
 #61

Agreed! Use this tool to witness bitcoin's correlation with the dow jones and other stock markets around the world. They might be more than 70% correlated, I reckon, similar to the correlation of other assets of speculation.

https://unicornbay.com/tools/asset-correlations

You know the great irony of that?

Stock investors are very reactive to Fed policy; stocks strongly recover anytime they announce they are injecting cash into the market. So in effect, central bank policies may be dictating the fate of BTC, at least temporarily. Cheesy

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July 01, 2020, 11:06:50 AM
 #62


There is a big difference between 20k and 180k and people will always ignore that in the end. When you go from 100 dollars to 20k you are talking about a market cap increase from around 2 billion dollars to 370 billion dollars, that is a huge 368 billion dollars increase and I think many people would fail to see that, if they did we would had a lot more people selling those days (even though there was a ton already).

However when you talk about 180k, that means the price is lets say 10k right now, it means market cap going from 1.85 billion dollars to 3.315 trillion dollars. TRILLION , as in 1000 billion. If you think they are the same thing you are kidding yourself, there is no world going from 100 dollars to 20k dollars is similar to going from 10k to 180k, the amount required is nowhere near the same, we are talking about 10x times bigger.


You can post many reasons, but deep in your heart, you know you would NOT believe that Bitcoin will surge to $20,000 if the question was asked during 2012. I would never believe it too.

It should be a hard lesson learned for us. Cool

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