Bitcoin crash is inevitable

[philipma1957]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

My death is inevitable.  I was born in 1957 so most likely I will be dead before 2077 as most people don't get to be 120 years old.

What you simply are missing is why are we at 57k

btw your advice means your followers lost out on a 14%  gain 50k to 57k.

To place your bets so to speak on BTC price you need to come up with an upside number.

and of course a down side number. In a time frame.

I pick 2030 as I will be 73 and I won't be looking to invest and mine I would like to travel

in 2030 the Downside number  is $0

in 2030 the Upside number is 500k

It is obvious how I get the downside number.

How do I get the upside number.

I add the value of BTC to the value of gold.

About 1 trillion and 11 trillion is 12 trillion right now.

I figure 100% inflation by 2030 so 24trill would be the combined value of BTC and Gold

if ratio stays the same it is 2 trillion to 22 trillion.  making btc worth 100k

but due to the discovery of much gold on asteroids and the ability to mine it bring gold  closer to a useful more common metal such as iron or lead.

I feel btc has to be at a market cap of 6-11 trillion or 300k to 550k in 2030

Look at the fact below

Musk buys btc
Musk explores space
Musk builds Tesla cars
Nasa to check out a gold filled asteroid in 2022
Lots of gold is on asteroids close by
 
A gold battery lasts 100x long than a lead battery
Ford is fully converting to electric cards in Europe by 2030

So if BTC ends up storing wealth  rather than gold and gold ends up in batteries  instead of lead. your advice is really bad.

Does this mean I will buy 350k worth of btc with all my 'safe' money no.

But 300k stays in safe and 50k stays in  btc.

I come back to this in 2030.

By the way this could  be like leaving horse and buggy for cars.

we now are leaving gas cars for electric cars
and ol/coal/gas heat for electric heat.

[El duderino_]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Just very few words for a troll as you...

BUT

As a store of value its just always the time to buy-enter if your looking for a best form as money available.

If we  (NOT you, please you don't buy and don't benefit from this asset) enter the BTC-market then its with a wel studied and good opinion why we enter and buy BTC. Real BTC'ers understand that the current monetair system is full of flaws and error etc.... You probably don't know but that will come.
So we don't care if we buy and price drops, thats when we buy more and DCA as good as we can, don't worry about not buying at 50K ... you will be one of the peeps buying at 300K or whatever. But please let inflation first hit you, so when BTC hits 100-500-1mill or whatever you even have less of buying power cause of bad mindset and dumb approach of thinking about the BTC market.

[El duderino_]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Does this mean I will buy 350k worth of btc with all my 'safe' money no.

But 300k stays in safe and 50k stays in  btc.

Very nicely said, though I was willing to end my merit on your post but stumbled at this line... should be the other way around brother or at least 200-250K in btc and the rest in I don't know what you mean with safe.... I hope not FIAT.. but the rest of the savings in the "asset" you refer as safe for yourself.

[philipma1957]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Does this mean I will buy 350k worth of btc with all my 'safe' money no.

But 300k stays in safe and 50k stays in  btc.

Very nicely said, though I was willing to end my merit on your post but stumbled at this line... should be the other way around brother or at least 200-250K in btc and the rest in I don't know what you mean with safe.... I hope not FIAT.. but the rest of the savings in the "asset" you refer as safe for yourself.

When married for 35 years and the 'safe' money is all in my wife's name I am perfectly happy with 300 k in fed bonds at 1.1% interest.

As I can easily justify holding 1 btc and stacking to it via mining.

Yeah I know here safe money is bleeding but it is her money she earned.  This year my btc will 2x due to mine and hodl.  So if 1 btc becomes 2 btc jan 2022 which is pretty sure. 

It is just a question of 100k for each coin = win and the holds then become 303k safe and 200k in btc

If op is correct and it crashes to 30k I will still have 2 maybe 2.2 btc due to easy mining. and that would be 60-66k worth of btc.

I do see a 500k upside by 2030 as possible. I won'r be ancient at 73 and should have more than 5 btc by then or 2.5 million in fiat numbers if i am correct.

[XCANA]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Yeah that's your opinion dude, those who bought Bitcoin back in those days when the price was around $30k thought that the price of Bitcoin won't move above that but currently the price of Bitcoin just hit another all time high of $57k+ which experts said might continue to grow in due course. Personally, buying bitcoin right now doesn't make the buyers fools, i would say buy on short-term and wait for the correction should be better IMO. 

[justdimin]

Well, that supposed to understand the situation and we need to think also that the market can't be in hypes always. Thinking for the inevitable dump is not wrong, it is just a preparation for the incoming but very unfortunate since we don't know yet when it comes.

if someone says don't buy because it will dump in the next day, or buy now because it pumps by tomorrow, it is for you to decide either to follow that person or not. Besides, we are taking the risk since before and we all know that it is really hard to predict, otherwise, we all just a loser of not taking the chance.

The think about that is the fact that one of them is always wrong while the other one is always right. If someone tells you that bitcoin will go down so you should sell, they could be right in the short term because price could always drop, it could literally be 10k in a month, but that doesn't mean that it will stay like that so you know that in the long term that person is wrong and the price will go higher than what it is today, will even breach 100k+ one day, so you know they will always be wrong in the long term.

Whereas the people who tell you to buy are right because they will definitely be in a good situation considering they will definitely be right in the long term the price of bitcoin always goes up, sure they could be wrong in the short term but in the end they will be right. That is the difference between those two people and you should pick the one that says buy bitcoin at all the times.

[tygeade]

It is not "inevitable", that is not something we should be informing people with all the time. I have seen "crash incoming" things since price was 20k, it hasn't come and it may never come. I am not saying there will never be a crash neither, I can't know that but I (and you and anyone else) can't know if there is a guaranteed crash coming neither, it is not going to be guaranteed. So that means is that crash may or may not happen, that is the true situation, that "inevitable" makes people scared to go into bitcoin and buy more crypto with their fiat and when they are scared to buy more crypto that makes crypto not go up and the price of course crashes when people do not go into crypto, so by saying it will crash, you make it crash.

However if these huge companies keep pumping up money into bitcoin, there may not be a crash for a long long time, maybe ever, small corrections at 20-30% drop levels but that's about it.

[Yamifoud]

It looks like this is not a bull's peak yet because the peak will go up many times over from history.
at the beginning of 2017 bitcoin was only worth 1000 $ then at the end of the year it rose to 19200 $.
so earlier this year just be opener maybe at its peak will be 300k $ or more,
this is just my prediction.

2018-early 2020 that market is in dip, most crypto holders are expecting the worse but as the halving takes place, it gives big hopes for everyone and we have this unexpected moment in crypto.
I believe that a market crash is inevitable but the same as the bullish can do. if we think that this year 2021 is just like a thing we experience last 2017, I don't think so. I see the sustainable growing market this year but that was too far hitting $300k, honestly. $100k is close to possible.

[bakasabo]

Strange to read that topic started speak about correction, but named his topic name as "bitcoin crash". Also I've noticed that he is quite negative to bitcoin in his posts. According to him, bitcoin is a bubble it will crash and we are all fools if we buy right now.

Under the word "crash" I understand bitcoin price dropping to 0, or people creates a replacement for bitcoin. So far there no signs of any of that. Why nobody compares bitcoin to a spring, instead of bubble? Why no one thinks that the spring squeezes just to shot up ? 

[STT]

You've got to look at both sides not just an opinion of crypto but the larger market of dollar, the denominator in this market.   So the OP sentence of must crash is the exact words of what occurs with dollar, excessive debt and the fact the world can use any FIAT not just one countries hence a large alteration to supply and demand.   That's quite likely, I don't know its inevitable and because we have that background it means crypto is considered opposite and unlikely to crash as its an alternative.   I consider the whole situation volatile but also unpredictable and few saw this rise as certain, I mostly expect a repeat of previous waves in price action.

[jaberwock]

Strange to read that topic started speak about correction, but named his topic name as "bitcoin crash". Also I've noticed that he is quite negative to bitcoin in his posts. According to him, bitcoin is a bubble it will crash and we are all fools if we buy right now.

Under the word "crash" I understand bitcoin price dropping to 0, or people creates a replacement for bitcoin. So far there no signs of any of that. Why nobody compares bitcoin to a spring, instead of bubble? Why no one thinks that the spring squeezes just to shot up ? 

Unfortunately there are tons of people like that, even peter schiff who is a very famous gold bull keeps saying "yes bitcoin reached 50k, who knows maybe it will do 100k but eventually it will be zero whereas gold will always go up" like even when they are saying something "nice" they have to say it will never be something good, there are tons of people like that. Obviously speaking we can't always have people who are bull about bitcoin, I am not expecting the whole world to get into bitcoin and buy some, but I also do not understand why they are spending time being bearish on bitcoin neither.

If you like bitcoin just buy it or do whatever with it, if you dislike it, all you have to do is not buying it, but to talk about how bad it is doesn't make sense to me at all, what does anyone gain from saying "bitcoin will be zero one day", so? Like what do they think we should do with that info?

[Oilacris]

I also doubt. Not everyone can survive the age above 70 year, i hope you still alive until 2030 sir, and comeback here to see what will happen

You arent God to give out those lifespan yet we can still really get over 70 depending on how we do handle out our body well while we are still young.

You dont even know on whats his/her age at the moment.  

When it comes to crash then its not really that impossible.We have seen worst in the past and doesnt mean that we wont be seeing it again.
Somehow if we do base up on the current condition in the market in terms of adoption then its on a different level but doesnt mean it
will give out guarantee.

[MiF]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

That doesn't sound fool for those wealthy people who has nothing to do about their money. They think of buying while hype continues to become trending and popularity of bitcoin also grows higher. Whales barely see a good future, even if $50k is somehow expensive, that's not even a problem because they had a lot of money to risk.

[naikturun]

You arent God to give out those lifespan yet we can still really get over 70 depending on how we do handle out our body well while we are still young.

yes i know but seen from the current condition of the earth maybe only about 25% of the total population can survive over 70 years.

You dont even know on whats his/her age at the moment.  

his age now is 63years, he born in 1957 and if wait until 2030 he will 73years old

When it comes to crash then its not really that impossible.We have seen worst in the past and doesnt mean that we wont be seeing it again.
Somehow if we do base up on the current condition in the market in terms of adoption then its on a different level but doesnt mean it
will give out guarantee.

I know that's likely what he said crashes and inflation will always happen.

[Reatim]

I also doubt. Not everyone can survive the age above 70 year, i hope you still alive until 2030 sir, and comeback here to see what will happen

You arent God to give out those lifespan yet we can still really get over 70 depending on how we do handle out our body well while we are still young.

and that's only 9 years from now as years are passing so fast now
and i believe that Yeah He'll be here upto that time comes

You dont even know on whats his/her age at the moment.  

Well , we know  how stupid many of accounts here , they don't even think before posting instead they are just relying on their
own understanding on the matter.

When it comes to crash then its not really that impossible.We have seen worst in the past and doesnt mean that we wont be seeing it again.
Somehow if we do base up on the current condition in the market in terms of adoption then its on a different level but doesnt mean it
will give out guarantee.

We have seen so many of that so what does it matter if we will be having another one ? crash will happen but increase will come after , lets take this as in positive way.

[bakasabo]

If you like bitcoin just buy it or do whatever with it, if you dislike it, all you have to do is not buying it

True. No one if forces anyone to buy or sell anything. I think this is just a state of mind. These kind of people will always complain how something is not worth buying because it is too expensive, or not worth doing something. They see only negative in everything and poison everything around their negative.

what does anyone gain from saying "bitcoin will be zero one day", so? Like what do they think we should do with that info?

I would understand if someone famous and reputed would say that Bitcoin is a bubble and gives some explanations why. That person could speculate with such announcement. But reading from a newbie or no name that Bitcoin is a bubble does not make sense.

[STT]

When one thing is sold you must also question what is being bought, there is no simple state where you only sell something.    Thats only the point I'd try to make to avoid being too biased especially now with some panic for the longs.  Dollar index isnt rising today, mostly BTC is priced in dollars though also various FIAT etc.
  We dont yet have a harsh pullback environment imo, we have profit taking and a big frothy price is going to sell off sometimes and I dont call it a crash tbh.   Im really not thinking this is whats happening, someone else will have to explain that to me.



A larger move forces me to post the wider context.   Last trader I watched mentioned 48.5k but we are below that;  also remember 4hr daily and weekly bars can trade below then recover and we may yet to recover is a scenario to consider on 4hr daily and weekly time frames.
  So 42k area is weekly average I think its quite reasonable as a target downside, i.e. possible bottom

[naikturun]

Well , we know  how stupid many of accounts here , they don't even think before posting instead they are just relying on their
own understanding on the matter.

dear smart reatim Thank you for the words, I take it as a compliment but have you read it at the beginning and immediately claim other people are stupid? Unfortunately you are far away if there is beside me I will definitely punch your face.
he said that he will reach 70 years old when 2030 so I assumed his age this year and saw his account named philipma1957, so I thought that he was born in 1957 and that's true I calculated his age in 2030 will be over 70 years.
have you seen that?
Of course not because you are busy telling other people to be stupid without reading the beginning of this post.

[Gatorelf]

[/quote]

When married for 35 years and the 'safe' money is all in my wife's name I am perfectly happy with 300 k in fed bonds at 1.1% interest.

As I can easily justify holding 1 btc and stacking to it via mining.



 Exactly, your investments should be directly related to your age for risk management.  Recovery time is much easier for the under 30 group vs over 50 group.
I liked your BTC to Gold comparison too btw. Silver the next ten years I believe will outperform Gold however as the demand from electric car industry continues. 

[fullhdpixel]

Exactly, your investments should be directly related to your age for risk management.  Recovery time is much easier for the under 30 group vs over 50 group.
I liked your BTC to Gold comparison too btw. Silver the next ten years I believe will outperform Gold however as the demand from electric car industry continues. 

I believe recovery time is not important considering it is very difficult for people to find money twice. If I ever end up with 500k dollars today, and I spend it on something that is idiotic and lose it, there is a big chance I may never find that kind of money ever again. I am not under 30 but I am just 30, so I can say that I could be in the group that suppose to recover faster, and I can say that it is not that simple.

Specially in the current world we live in, people who have money can make more easily while people who do not have money could end up with nothing because the system is built to make poor people keep being poor whereas rich people stay rich. This is why if you ever end up with money, no matter what age you are in, just keep it safe and never let it go because that is the money that you might have to look at for the rest of your life.