Bitcoin will not be able to stay above $50k for 10 consecutive days ever again

[el kaka22]

Proudhon is like the guy who knows bitcoin will go up, buys bitcoin, supports bitcoin, but keeps up a funny schtick about how bitcoin will not go up. I do not think that he believes what he says, I think he knows bitcoin will go up, I know he knows bitcoin will be over 50k 10 days in a row, I mean these are quite normal and expected things, he doesn't say something like "bitcoin will not be over 500k ever" which it will be eventually one day but I would understand someone saying that. Whereas this is 50k and just 10 days, like not even a month, and we all know how proudhon talked about how "bitcoin is a ponzi" and "bitcoin is a bubble" and all that and joked about it, and how he had this "bitcoin won't reach 54,55,56,58,60!" type of correction funny topic.

So, I believe he is not sincere about 50k for 10 days, he is just joking here and people believing he is serious.

[thecodebear]

Easy call.

funniest thread starter I've seen in a while. What's next, the Earth willn ot be able to stay in orbit for 10 consecutive days ever again? 

[proudhon]

Proudhon is like the guy who knows bitcoin will go up, buys bitcoin, supports bitcoin, but keeps up a funny schtick about how bitcoin will not go up. I do not think that he believes what he says, I think he knows bitcoin will go up, I know he knows bitcoin will be over 50k 10 days in a row, I mean these are quite normal and expected things, he doesn't say something like "bitcoin will not be over 500k ever" which it will be eventually one day but I would understand someone saying that. Whereas this is 50k and just 10 days, like not even a month, and we all know how proudhon talked about how "bitcoin is a ponzi" and "bitcoin is a bubble" and all that and joked about it, and how he had this "bitcoin won't reach 54,55,56,58,60!" type of correction funny topic.

So, I believe he is not sincere about 50k for 10 days, he is just joking here and people believing he is serious.

Bitcoin will not be over 500k ever.

[LUCKMCFLY]

Many are waiting for Bitcoin to fall and fall more, there is a lot of trader who is very bearish, in fact on social networks I have seen that there is a lot of discussion about it, I know that Tesla is one of the causes of all this fuss, but despite that there is a lot of bearish, there are investors who have spoken:

Karen Finerman said:

It’s getting hot in the #HODL trade!

According to a new Bank of America survey, long #Bitcoin is the most crowded trade in the world! So what now? @KarenFinerman is long, and she’s staying long. pic.twitter.com/ohZqEHfdAd

— CNBC’s Fast Money (@CNBCFastMoney) May 18, 2021

and:

We’ve seen drawdowns bigger than this many times before. The question is: Do you still believe in the theory behind Bitcoin? I actually do. I’m long, I’ve been known for a long time … so I guess I’m in the overcrowded trade of the world.

Source: https://cryptopotato.com/bitcoin-could-be-near-support-institutions-are-bullish-experts-debate/
In my personal opinion I think that this will only last 1 week or less, in addition to just reviewing price and volume, it is seen that many of those who have sold it have been only by mere panic, and those who are taking advantage are the Bulls, Because they are stealth buying, I am sure that when they remove the offer from the $43k to $50k levels it will be very difficult for it to go down in price again.

[Reatim]

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

While I'm sure we'll see $50k here and there during this forever-bear-market we've now entered (but only for a few brief moments before we continue sharply down), $100k will simply never, ever happen. It's not mathematically possible.

Then can you please elaborate mathematically what's the scenario to come ? its not clear what you are portraying here so Please any good clarification to make it more trust worthy?

I'm starting to rattle because now for the first time again that Bitcoin drops below 40,000 and i think there are many weak hands that seems to be alarmed and wanna keep safe their funds.

[OROBTC]

Easy call.

Hell, dawg, I'm not even sure it can stay above $40,000 for 10 consecutive days anymore.

Time to rerun the math...

[rahmatrf331]

Bitcoin will not be able to stay above $50k for 10 consecutive days ever again

Ever again?? Does this mean bitcoin price won't ever break it's all time high based on this statement?

BTW what are you basing your statement on, is bitcoin dying?

Is what we seeing on the markets the doing of Elon Musk with his tweets linking bitcoin mining to the increased carbon footprint ?

FYI this statement raises more questions than answers

I see the price of bitcoin as like a car racer, if you say dying it is very unsuitable.

Bitcoin is a car that runs too fast, of course you need to rest, change oil and change other tires. bitcoin needs a restart to reach the finish.

big investors are tired of making very little profit, which is why it needs a big break.

[monineklutak]

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

While I'm sure we'll see $50k here and there during this forever-bear-market we've now entered (but only for a few brief moments before we continue sharply down), $100k will simply never, ever happen. It's not mathematically possible.

Then can you please elaborate mathematically what's the scenario to come ? its not clear what you are portraying here so Please any good clarification to make it more trust worthy?

I'm starting to rattle because now for the first time again that Bitcoin drops below 40,000 and i think there are many weak hands that seems to be alarmed and wanna keep safe their funds.

It should be predictable that the market will experience a dump, judging by the dominance of Bitcoin it is very clear,
bitcoin dominance has dropped below 50%, indicating whales have started selling bitcoin, and now look at the dominance in the area of 40%,
of course this is bad for bitcoin, however for altcoins it is time to BUY.