Summer dip?!, December price outcome? ---> JOIN and guess the price GO!

[Charles-Tim]

Another FUD from China as PBoC makes bitcoin illegal to its citizens, this did not even take down bitcoin price below $40000, the price has even increased back the 5% loss which might even likely not be as a result of the FUD.

Entering Q4, how do we feel price wise... will which member will win 

$40000 resistance is strong but bitcoin price volatility could be surprising.

[1714616046]

1714616046

[1714616046]

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[shahzadafzal]

Another FUD from China as PBoC makes bitcoin illegal to its citizens, this did not even take down bitcoin price below $40000, the price has even increased back the 5% loss which might even likely not be as a result of the FUD.

Well I guess this banning news is so common it does not even worth mentioning... Bitcoin is reaching to the level where single country or single person like Elon can't effect any more.

$100k by December 2021 is still  very much possible

2x of my prediction

235. $52,000 shahzadafzal

[Wind_FURY]

Entering Q4, how do we feel price wise... will which member will win 

DABS. He predicted the most realistic price point for the current cycle, considering the current behavior of the market in my opinion. BUT this is Bitcoin, it might surge over Dab’s prediction, but I believe it will definitely NOT reach my price anymore.

[SFR10]

Entering Q4, how do we feel price wise...

I'm still quite confident that it would reach what I "predicted" before ^{[or at least close to it]}.

• I forgot to upload the following screenshots when I made that prediction:
  ^{- In both of the following periods, prices in September were slightly higher than in June and the spike happened while it headed towards December [with a little exception in 2013, since November had a higher value].}
  
  
  • 2013
  • 2017

[Wind_FURY]

It's the UPTOBER month. For those people who gave the prediction that Bitcoin to crash down below $30,000, if given by El duderino the chance to change your predictions, would you do it?

[Charles-Tim]

It's the UPTOBER month. For those people who gave the prediction that Bitcoin to crash down below $30,000, if given by El duderino the chance to change your predictions, would you do it?

It's all fun, we all enjoyed the recent increase  . Only that I have little amount of bitcoin holding as I am a latecomer, but nobody is still late in the game in 5 and more years to come.

[Wind_FURY]

It's the UPTOBER month. For those people who gave the prediction that Bitcoin to crash down below $30,000, if given by El duderino the chance to change your predictions, would you do it?

It's all fun, we all enjoyed the recent increase  . Only that I have little amount of bitcoin holding as I am a latecomer, but nobody is still late in the game in 5 and more years to come.

If you believe you're "late in the game", then Michael Saylor is VERY late in the game. He spent BILLIONS, and sold debt to buy more. I'm very confident anyone would not mind being a "late comer" when Bitcoin is valued in six digits per coin.

[Charles-Tim]

If you believe you're "late in the game", then Michael Saylor is VERY late in the game. He spent BILLIONS, and sold debt to buy more. I'm very confident anyone would not mind being a "late comer" when Bitcoin is valued in six digits per coin.

We both are still on the same page, only implying now not later, I know I won't be late no more when bitcoin price becomes six digits. What I just meant is that people that were first investors have made profit beyond imagination, bitcoin made that possible while they were early, but people that are investing now and able to be patient and never panic about any downtrend will see bitcoin price over $100000 one day, that is why bitcoin is better than just leaving it useless in fiat which will only ensue depreciation.

I really understood you, when bitcoin price was at four digits, many people said they were later already, then bitcoin increased in digits to over $7000, now at $50000 again. With the wealth in the world, we still expect more about bitcoin.

[pooya87]

What I just meant is that people that were first investors have made profit beyond imagination,

It depends on your imagination
If you are imagining thousand trillion percentage then you are right the early investors are going to make that profit. But for most people doubling their money every year is more than beyond imagination let alone making 15x (or about 1500%) profit in 2 years!
That's the thing about not yet having reached the mass adoption, the price will continue shooting up until we do.

There has been a lot of propaganda brainwashing newcomers (not talking about you), one of which is making them feel the rise has stopped and just because others made a big profit the price won't go any higher. Another funny one which we are seeing today is the dumb one about bitcoin following stock market, which as we are seeing these days the stocks are dumping hard while bitcoin keeps rising.

[Nomad88]

This is going to be fun  Can't wait for December...

[El duderino_]

It's the UPTOBER month. For those people who gave the prediction that Bitcoin to crash down below $30,000, if given by El duderino the chance to change your predictions, would you do it?

A bit sorry …. Maybe the rule should have been the 10 closest up and down from now to change there price….

But too late maybe in a next game

[LFC_Bitcoin]

It's the UPTOBER month. For those people who gave the prediction that Bitcoin to crash down below $30,000, if given by El duderino the chance to change your predictions, would you do it?

Anybody who was that bearish is probably a NOCOINER.

[PrimeNumber7]

What I just meant is that people that were first investors have made profit beyond imagination,

It depends on your imagination
If you are imagining thousand trillion percentage then you are right the early investors are going to make that profit. But for most people doubling their money every year is more than beyond imagination let alone making 15x (or about 1500%) profit in 2 years!
That's the thing about not yet having reached the mass adoption, the price will continue shooting up until we do.

If someone bought $100 worth of bitcoin in October 2011 (approximately 10 years ago), it would be worth approximately $1 million today, a return of roughly 10,000x over 10 years. If you bought $100 worth of bitcoin in January 2011, it would be worth approximately $14 million today (~140,000x). I don't think any reasonable investor would imaging getting those types of returns.

There are plenty of (risky) investments that have doubled investors' money every year, and that have 15x'ed investors' money over 2 years, although both are very risky. There are plenty of investors who try to find these types of investments. Depending on the maturity of the business, pre-IPO companies can have a 95% failure rate, so if you are investing in companies that are not yet public, the companies that ultimately do succeed will need to generate a 20x return just for you to potentially break even.

For comparison, in 2004, Peter Tiel invested approximately $500k into Facebook at a $5.9 million valuation for a 10.2% stake in the company. In 2013, when Facebook went public, the value of Tiel's stake was approximately 3,220x of his initial $500k investment (his stake was diluted due to Facebook selling additional shares subsequent to his initial investment).

I am not aware of any other investment that has returned 10,000x return over a period of 10 years or less. If no investment has generated that level of returns, there is no reason why any reasonable investor would dream of getting those kinds of returns.

[Wind_FURY]

What I just meant is that people that were first investors have made profit beyond imagination,

It depends on your imagination
If you are imagining thousand trillion percentage then you are right the early investors are going to make that profit. But for most people doubling their money every year is more than beyond imagination let alone making 15x (or about 1500%) profit in 2 years!
That's the thing about not yet having reached the mass adoption, the price will continue shooting up until we do.

There has been a lot of propaganda brainwashing newcomers (not talking about you), one of which is making them feel the rise has stopped and just because others made a big profit the price won't go any higher. Another funny one which we are seeing today is the dumb one about bitcoin following stock market, which as we are seeing these days the stocks are dumping hard while bitcoin keeps rising.

I believe that this “profit beyond imagination” that every newbie/plebs like us are chasing is also what’s making them “invest” in useless shitcoins, missing the real point that we should be in this more for the Science than the profit. A community supporting an open source project, like Linux.

[Charles-Tim]

Just checking this now, after the whole FUD, bitcoin marketcap touch $1 trillion again.

[El duderino_]

Just checking this now, after the whole FUD, bitcoin marketcap touch $1 trillion again.

Btw, with recent price movements... which ranges would we say to be favorites to win this game?



[moderator's note: consecutive posts merged]

[icopress]

Btw, with recent price movements... which ranges would we say to be favorites to win this game?

$ 25,000 as I still believe we can get close to the bottom of the 10-year green zone. Not that it was related to my prediction for this price range, I just did not exchange all my fiat for bitcoins when the price was $ 30,000, so I still hopeб (so I think LFC was right about all the guys who predicted a pullback). 

Anybody who was that bearish is probably a NOCOINER.

[Wind_FURY]

Just checking this now, after the whole FUD, bitcoin marketcap touch $1 trillion again.

Btw, with recent price movements... which ranges would we say to be favorites to win this game?



[moderator's note: consecutive posts merged]

I believe it’s going to be from buwaytress to DeathAngel. Anyone who will posts and says, “from Wind_FURY to pooya87”, I would welcome to our little club called “The Golden Bulls But Sometimes the 6-Digit Stupid Club”.

[Charles-Tim]

Btw, with recent price movements... which ranges would we say to be favorites to win this game?

I do not have believe again in a price below $30000, but we do not know what the next FUD could be, but neither am I believing bitcoin price can fall below $40000. I will choose $40000 to $50000 price range, but I wouldn't be shocked to see the price higher or lower, but I think that range is making more sense.

$ 25,000 as I still believe we can get close to the bottom of the 10-year green zone. Not that it was related to my prediction for this price range, I just did not exchange all my fiat for bitcoins when the price was $ 30,000, so I still hopeб (so I think LFC was right about all the guys who predicted a pullback).

It depends. Some people are complete holders, that is what that fit what LFC_Bitcoin is implying. There are different types of holders. For example, some holders can divide their investment money into 2 or 3 or 4 or more. There were people that invested when bitcoin was at $35000, some of the same people invested another part of their money when bitcoin decreased further, some will be expecting any decrease and they will invest more all just because they know no matter what happened, all-time-high is certain.

When bitcoin soured to $52900 before this bull market, many investors took profit, that was quite obvious and clear to people, bitcoin plumented to $40800 or around that price, then whales and other bitcoiners invested in bitcoin again while some people will still not invest all their funds and having investment strategies that may be more or less profitable.

Bitcoin holders can be more bitcoin enthusiastic than one another, but not because some sold few but not all and expecting price to fall or not should be considered as noncoiners. Even if bitcoin price continue to fall, some people have strategies that they will always invest at certain price after fall and waiting for all-time-high.

Some people can be whales but yet having high percentage of fiat, they see bitcoin falling as an opportunity to also still invest further. Even Michael Saylor prefer to have more bitcoin holdings when the price is falling, It could be either because of people not to fear and sell or maybe it is another opportunity for holding more bitcoin.

[buwaytress]

I believe it’s going to be from buwaytress to DeathAngel. Anyone who will posts and says, “from Wind_FURY to pooya87”, I would welcome to our little club called “The Golden Bulls But Sometimes the 6-Digit Stupid Club”.

Loving the confidence in me, but at this rate, I'll probably be left in the dust as a reward for not being stupid (bullish?) enough to go for the stars (the moon's so 2017, brutha).

Either way, long way to go til we come round the mountain. Plenty of drama in between for sure and my popcorn's gone stale waiting.