philipma1957
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Activity: 4228
Merit: 8392
'The right to privacy matters'
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 12:47:16 AM |
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Already feeling $100k vibes for this game?
Anyone else? No. Why would I turn bearish now? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Closing in towards end date, who is favorite atm ?? Me at 70k 😊 why not?
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Hueristic
Legendary
Offline
Activity: 3920
Merit: 5251
Doomed to see the future and unable to prevent it
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 05:53:12 AM |
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Already feeling $100k vibes for this game?
Anyone else? No. Why would I turn bearish now? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Closing in towards end date, who is favorite atm ?? Me at 70k 😊 why not? You stole my 69,696 you prick, so I had to go all 3vIL ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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BlackHatCoiner
Legendary
Offline
Activity: 1624
Merit: 7958
Bitcoin is a royal fork
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Now, you can see yourself who's currently closer to win the prize! (Depicted and available in BBCode so I can make your life easier) Exclusively at blackhatcoiner dot com. Quoting my other message: Just showing the winner:![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fblackhatcoiner.com%2Fsummerdip%2F&t=665&c=oEvNLZzxPTS1qw) [abbr=BlackHatCoiner's Blockchain Stats BBCode Depicter][url=https://bitcointalk.org/index.php?topic=5366056.0][img]https://blackhatcoiner.com/summerdip/[/img][/url][/abbr] Showing both the winner & the predicted price:![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fblackhatcoiner.com%2Fsummerdip%2F%3Fprice%3Dtrue&t=665&c=oP_2Cn683dm7Zw) [abbr=BlackHatCoiner's Blockchain Stats BBCode Depicter][url=https://bitcointalk.org/index.php?topic=5366056.0][img]https://blackhatcoiner.com/summerdip/?price=true[/img][/url][/abbr]
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Wind_FURY
Legendary
Offline
Activity: 3024
Merit: 1881
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 11:35:43 AM |
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Closing in towards end date, who is favorite atm ?? pooya87 of course! That makes me the second favorite! There is a chance! Closing in towards end date, who is favorite atm ??
I will be surprised if bitcoin can be bullish than this before the end date: 233. $50,000 JanEmil234. $51,000 Mbitr235. $52,000 shahzadafzal236. $53,300 Tytanowy Janusz237. $54,545 mole0815238. $54,666 mikeywith239. $55,700 Lafu240. $57,777 Kylapoiss241. $58,683 Altryist242. $60,000 vapourminer245. $63,000 bct_ail246. $64,935 xhomerx10247. $65,430 alegotardo248. $66,666 Hueristic249. $68,655 tweetious250. $70,000 philipma1957251. $72,046 theymos252. $72,435 cygan253. $73,500 yhiaali3254. $74,991 willi9974255. $77,217 witcher_sense256. $78,483 -doubleU-257. $80,000 AlcoHoDLHmmm ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Well? Exactly 4 weeks for this thread target time-frame to run.. and getting up to $80k is merely 23.3% above the mid-April ATH of $64,895... That seems a pretty conservative range, especially given that we were up to $68,564 yesterday, and $68,564 is within 16.7% of the $80k maximum that you are proclaiming Charles-Tim... Pretty conservative to speculate that bitcoin can ONLY go up another 16.7% in a 4 week period, especially when it currently seems to have a decent amount of UPpity momentum that we could claim started around the end of July - even if there were a few pauses along the way, but getting a bit more UPpity steam around October 1, no? Of course, I personally do NOT bet higher on any kind of UP prices happening or continuing, but just in an attempt to look at the price momentum for what it is. To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)... Merely for funzies? I believe the market isn’t like the early years anymore when whales made the market surge, or crash simply by market buying up, or market selling down, liquidating longs or shorts.
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| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
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philipma1957
Legendary
Offline
Activity: 4228
Merit: 8392
'The right to privacy matters'
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 01:57:13 PM |
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Already feeling $100k vibes for this game?
Anyone else? No. Why would I turn bearish now? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Closing in towards end date, who is favorite atm ?? Me at 70k 😊 why not? You stole my 69,696 you prick, so I had to go all 3vIL ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If I win I will give you 0.00069696 btc of the prize of 0.077 btc
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LoyceV
Legendary
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Activity: 3416
Merit: 17277
Thick-Skinned Gang Leader and Golden Feather 2021
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 02:58:22 PM |
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This belongs here. Note that the "winner" is based on the current price, this is not the final result yet as the contest is still running: Just showing the winner:![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fblackhatcoiner.com%2Fsummerdip%2F&t=665&c=oEvNLZzxPTS1qw) [abbr=BlackHatCoiner's Blockchain Stats BBCode Depicter][url=https://bitcointalk.org/index.php?topic=5366056.0][img]https://blackhatcoiner.com/summerdip/[/img][/url][/abbr] Showing both the winner & the predicted price:![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fblackhatcoiner.com%2Fsummerdip%2F%3Fprice%3Dtrue&t=665&c=oP_2Cn683dm7Zw) [abbr=BlackHatCoiner's Blockchain Stats BBCode Depicter][url=https://bitcointalk.org/index.php?topic=5366056.0][img]https://blackhatcoiner.com/summerdip/?price=true[/img][/url][/abbr] Once the contest ends, I'll lock the variable username to the analogous winner.
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JayJuanGee
Legendary
Online
Activity: 3822
Merit: 10750
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 05:05:10 PM |
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To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)...
Merely for funzies? I believe the market isn’t like the early years anymore when whales made the market surge, or crash simply by market buying up, or market selling down, liquidating longs or shorts. You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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buwaytress
Legendary
Offline
Activity: 2912
Merit: 3596
Join the world-leading crypto sportsbook NOW!
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You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Brain tells me "too big" but brain also is reminded by everything else going on around crypto and fiat how pointless it is to rely on brain (for instance, the US dollar which was certainly too big to just allow to print to insanefinity, yet went ahead and did anyway). And god knows how many people thought $100 was too big, or $1000, as evidenced by countless hands letting go at those peaks, believing the unbelievable had impossibly happened and that that was it. We've even got bloody JPM ascribing the true value "minus volatility" of Bitcoin today as way more than S2F's 130k range, so who's to say that very same weakness can't push price above and beyond what's "true"? If I win, I'm throwing a send-pizza-to-all-participants party with the prize, cause I'll be flush =D
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Hueristic
Legendary
Offline
Activity: 3920
Merit: 5251
Doomed to see the future and unable to prevent it
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 07:32:46 PM |
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Already feeling $100k vibes for this game?
Anyone else? No. Why would I turn bearish now? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Closing in towards end date, who is favorite atm ?? Me at 70k 😊 why not? You stole my 69,696 you prick, so I had to go all 3vIL ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If I win I will give you 0.00069696 btc of the prize of 0.077 btc ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmemegenerator.net%2Fimg%2Finstances%2F63734188%2Fthat-seems-fair.jpg&t=665&c=Td35y6TEuMnbCA)
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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aoluain
Legendary
Online
Activity: 2366
Merit: 1342
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 09:06:23 PM Merited by JayJuanGee (1) |
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Closing in towards end date, who is favorite atm ??
I will be surprised if bitcoin can be bullish than this before the end date: snip
Hmmm ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Well? Exactly 4 weeks for this thread target time-frame to run.. and getting up to $80k is merely 23.3% above the mid-April ATH of $64,895... That seems a pretty conservative range, especially given that we were up to $68,564 yesterday, and $68,564 is within 16.7% of the $80k maximum that you are proclaiming Charles-Tim... Pretty conservative to speculate that bitcoin can ONLY go up another 16.7% in a 4 week period, especially when it currently seems to have a decent amount of UPpity momentum that we could claim started around the end of July - even if there were a few pauses along the way, but getting a bit more UPpity steam around October 1, no? Of course, I personally do NOT bet higher on any kind of UP prices happening or continuing, but just in an attempt to look at the price momentum for what it is. To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)... According to PlanB he predicts November closing around $93,000 so yes I would agree that a 16.7% rise to December 7th is very conservative. By tweaking the list [to include myself ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ] I am eliminating everything under the ATH. Prediction overview249. $68,655 tweetious250. $70,000 philipma1957251. $72,046 theymos252. $72,435 cygan253. $73,500 yhiaali3254. $74,991 willi9974255. $77,217 witcher_sense256. $78,483 -doubleU-257. $80,000 AlcoHoDL258. $82,212 MinoRaiola259. $84,400 SFR10260. $86,000 LFC_Bitcoin261. $86,888 psycodad262. $88,888 Vispilio263. $90,001 babo264. $93,013 Nomad88 (first post in 5 months)265. $94,199 nelson4lov266. $96,000 tranthidung267. $97,988 Bthd268. $98,989 aoluain269. $102,345 buwaytress271. $105,000 hosseinimr93272. $108,633 Upgrade00273. $110,262 fillippone274. $112,124 mocacinno275. $114,500 strawbs276. $116,195 xandry277. $120,001 Wekkel278. $120,666 d_eddie281. $128,218 NeuroticFish282. $132,000 Phil_S286. $143,220 HairyMaclairy289. $152,904 Dabs297. $178,845 LoyceV299. $183,000 DeathAngel309. $225,309 Arriemoller321. $288,000 marcus_of_augustus324. $300,500 CryptopreneurBrainboss326. $315,000 kurious329. $333,333 Wind_FURY341. $420,000 pooya87
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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philipma1957
Legendary
Offline
Activity: 4228
Merit: 8392
'The right to privacy matters'
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2021, 09:25:27 PM |
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Closing in towards end date, who is favorite atm ??
I will be surprised if bitcoin can be bullish than this before the end date: snip
Hmmm ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Well? Exactly 4 weeks for this thread target time-frame to run.. and getting up to $80k is merely 23.3% above the mid-April ATH of $64,895... That seems a pretty conservative range, especially given that we were up to $68,564 yesterday, and $68,564 is within 16.7% of the $80k maximum that you are proclaiming Charles-Tim... Pretty conservative to speculate that bitcoin can ONLY go up another 16.7% in a 4 week period, especially when it currently seems to have a decent amount of UPpity momentum that we could claim started around the end of July - even if there were a few pauses along the way, but getting a bit more UPpity steam around October 1, no? Of course, I personally do NOT bet higher on any kind of UP prices happening or continuing, but just in an attempt to look at the price momentum for what it is. To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)... According to PlanB he predicts November closing around $93,000 so yes I would agree that a 16.7% rise to December 7th is very conservative. By tweaking the list [to include myself ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ] I am eliminating everything under the ATH. Prediction overview249. $68,655 tweetious250. $70,000 philipma1957251. $72,046 theymos252. $72,435 cygan253. $73,500 yhiaali3254. $74,991 willi9974255. $77,217 witcher_sense256. $78,483 -doubleU-257. $80,000 AlcoHoDL258. $82,212 MinoRaiola259. $84,400 SFR10260. $86,000 LFC_Bitcoin261. $86,888 psycodad262. $88,888 Vispilio263. $90,001 babo264. $93,013 Nomad88 (first post in 5 months)265. $94,199 nelson4lov266. $96,000 tranthidung267. $97,988 Bthd268. $98,989 aoluain269. $102,345 buwaytress… 341. $420,000 pooya87 my guess is above
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JayJuanGee
Legendary
Online
Activity: 3822
Merit: 10750
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 11, 2021, 03:13:41 AM |
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You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Brain tells me "too big" but brain also is reminded by everything else going on around crypto and fiat how pointless it is to rely on brain (for instance, the US dollar which was certainly too big to just allow to print to insanefinity, yet went ahead and did anyway). And god knows how many people thought $100 was too big, or $1000, as evidenced by countless hands letting go at those peaks, believing the unbelievable had impossibly happened and that that was it.We've even got bloody JPM ascribing the true value "minus volatility" of Bitcoin today as way more than S2F's 130k range, so who's to say that very same weakness can't push price above and beyond what's "true"? If I win, I'm throwing a send-pizza-to-all-participants party with the prize, cause I'll be flush =D I am not sure about all of the points that you are making buwaytress, but I will acknowledge that your point about the "it's too BIG to pump as much as it used to pump" blah blah blah nonsense has been a repeated theme (talking point) to cause people to fail refuse to adequately prepare for UP on a number of occasions, just like you mentioned.. $100 $1,000 and a whole hell of a lot of other price points, too. The same nonsense has been asserted to cause people to believe that they are justified in investing in shitcoins also, and largely it seems that bitcoin has been absorbing value in such a way that it has been keeping up with its own various value propositions.. and sure, maybe it cannot pump as much.. so instead of going up 1000x and then 100x in various subsequent time snapshots, it might ONLY be capable of going up 50x in a similar time snapshot, but still does not mean that it cannot continue to have exponential price rises that continue to beat the pants off of a large number of other asset classes and to remain as the best in vestment, even if there might be uncertainties regarding how much it is able to pump in some 4 year cycle or if the cycle might deviate from its earlier time expectations.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Wind_FURY
Legendary
Offline
Activity: 3024
Merit: 1881
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 11, 2021, 06:01:27 AM |
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To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)...
Merely for funzies? I believe the market isn’t like the early years anymore when whales made the market surge, or crash simply by market buying up, or market selling down, liquidating longs or shorts. You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I believe you, but it’s not the same players of the early years who were manipulating Bitcoin in their basement “merely for funzies”, and communicating with other traders through forums and IRC. It’s currently a more sophisticated set of players who, I believe, won’t do anything “merely for funzies”.
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pooya87
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November 11, 2021, 10:18:03 AM |
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Bitcoin IS too big to pump (or dump) but that doesn't mean we aren't going to see massive rises and falls. Lest we forget it was 11 months ago when price went from $20k to $40k (100% rise) in only 20 days. Or the latest surge from $41k to $67k took about 21 days and $60k has been a big resistance, who knows what is going to happen when price enters $70k territory.
Don't underestimate the power of panic buyers
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buwaytress
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November 11, 2021, 03:29:26 PM |
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I am not sure about all of the points that you are making buwaytress, but I will acknowledge that your point about the "it's too BIG to pump as much as it used to pump" blah blah blah nonsense has been a repeated theme (talking point) to cause people to fail refuse to adequately prepare for UP on a number of occasions, just like you mentioned.. $100 $1,000 and a whole hell of a lot of other price points, too.
Yeah, I saw it myself at 10,000 -- one guy liquidated and left even this forum (but at least his reason was just to enjoy life and stay true to his personal price target), but a few others I was in contact with did that because they thought that really was it. I wasn't around for $10 or $100 but Twitter and memeverse record plenty of instances. The same nonsense has been asserted to cause people to believe that they are justified in investing in shitcoins also, and largely it seems that bitcoin has been absorbing value in such a way that it has been keeping up with its own various value propositions.. and sure, maybe it cannot pump as much.. so instead of going up 1000x and then 100x in various subsequent time snapshots, it might ONLY be capable of going up 50x in a similar time snapshot, but still does not mean that it cannot continue to have exponential price rises that continue to beat the pants off of a large number of other asset classes and to remain as the best in vestment, even if there might be uncertainties regarding how much it is able to pump in some 4 year cycle or if the cycle might deviate from its earlier time expectations.
+100! I still can't believe reading the reasonings altcoin shillers make up for their x1000 "analyses". People still can't wrap their heads around the fundamental supply and network reasons for why Bitcoin is valued the way it is, choosing the lazy route of projecting market rationale and capitalization. "It's only 0.0001% of BTC market cap so of course it can go 10000x and only be 1% of BTC, which is so conservative!"
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philipma1957
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November 11, 2021, 06:10:45 PM |
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BTC could go up ⬆️ a lot.
Flash crash of Feb 2020 3900
Now Nov 2021 68000 thats a lot.
In less than 22 months.
over 1 trillion usd.
So do I think it can do 1 trillion more in 22 months yes it can. but a coin would go from 68k to 115k (off the top of my head math)
do I think it can do 2.6 trillion more in 22 months yes it can. but a coin would go from 68k to 200k
not 3900 to 68000.
realistically seeing 200k btc in 2024 would be possible why not.
but 3900 to 68000 is more than 16x in 22 months
do i think btc will do 1 million in next 22 months no i dont.
but i think from summer 2021 price of 30k to 500k by fall of 2023 which is the same as 3900 to 68000 in 22 months is possible.
so is it too late for anyone to begin stacking sats no it is not.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 11, 2021, 07:30:16 PM Last edit: November 12, 2021, 09:29:12 PM by JayJuanGee Merited by El duderino_ (2) |
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To me it seems that there is decent momentum to fairly reasonably take us another 20% or more beyond $80k.. and for sure, I would not presume the absence of resistance at $100k, but even bullwhales (to the extent that they actually exist) can start to act strange in the vicinity of those round numbers and there could be some desire to just get above $100k merely "for funzies" - even if staying above $100k might not be able to hold in the short-term (don't label me as a bear for saying that....)...
Merely for funzies? I believe the market isn’t like the early years anymore when whales made the market surge, or crash simply by market buying up, or market selling down, liquidating longs or shorts. You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I believe you, but it’s not the same players of the early years who were manipulating Bitcoin in their basement “merely for funzies”, and communicating with other traders through forums and IRC. It’s currently a more sophisticated set of players who, I believe, won’t do anything “merely for funzies”. Perhaps you are getting too distracted in terms of reading my assertion about what is "funzies" literally. We already know that with the passage of time, the players in bitcoin have become more and more sophisticated, so it does not seem to be productive to be overly generalizing about the character of the bitcoin market players in 2013 versus 2017 versus now or various points between. Surely, there is an evolving dynamic regarding both who are the market players and what kinds of BTC financialization (manipulation) tools are available to them in order to attempt to profit, whether they measure their profits in fiat within the BTC space or whether they are able to attempt to manipulate BTC profits to either make profits or stave off losses in other areas that they may perceive to be BTC competitors. The BTC price is going to experience volatility in accordance with the various evolving tools that are available, and I doubt that we are even disagreeing about the likely ongoing changes in regards to the sophistication or size of the various players that are coming into BTC. I believe that we differ in some sense in that you seem to believe that there is some kind of sudden and meaningful change in the players and tools that really matters in terms of altering the various formulas (and price prediction models) of the past, and I largely characterize these changes as a BIG ASS SO FUCKING WHAT. In other words, it seems really silly to me to be speculating all of the various ways that the BTC market is going to be changed and downplayed due to the various BIGGER players and changes in the BTC space, when the reality of the matter is that we have not really seen evidence of that and there are a lot of ways that speculation and theory can be made that show the changes in the BTC space make the players BIGGER and the tools BIGGER but a lot of those increases in BIGNESS end up being a wash in terms of really stiffling the various BTC models - so what ends up happening largely ends up being comparative to previous times even if the players and the tools got BIGGER. So yeah I agree with you that instead of having a bunch of snot-nosed 14-year olds trading in their basement we have bankers, big companies and governments starting to dip their toes in the BTC battle ring, but bitcoin is already built to anticipate this kind of happenings, so the affects are not really changed in any kind of meaningful way.. except yeah, instead of getting 100x to 200x volatility in 2-4 years, we might only get 20x to 60x in the same time period... yet even with that level of lower volatility, it still remains as a greatly volatile asset with a whole hell of a lot of upside price potential and even a whole lot of abilities to push the price 50% up in a short period of time just for "funzies" (even if you don't like the word "funzies" and you seem to read too narrow of an interpretation in what I am saying when using such "funzies" descriptor).
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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malevolent
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November 12, 2021, 11:39:36 PM |
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Let's start using money supply instead of market cap when it comes to bitcoin. The problem with using market cap is that people compare it with stocks (that have market cap) then see their total market cap is smaller and it scares them when they compare it with bitcoin's that has surpassed $1 trillion and what it will surpass when it goes above $1 million price.
Using money supply makes more sense for a currency and it helps us make more useful comparisons such as the fact that the world's total money supply is said to be around $5 quadrillion ($5000 trillion) while bitcoin's money supply is only $1.18 trillion.
In other words this one of a kind global decentralized currency only has 0.023% of total money supply! I say it will reach at least 10% in the next decade as we get closer to mass adoption which means a price of $26.5 million per bitcoin or better said 26 cents for 1 satoshi.
Where are you getting the $5Q number from? I'm not even sure if it's that much even when all derivatives are included. Maybe your number includes the value of all natural resources on Earth and on the Moon? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But I agree there's potentially a lot of room for growth, provided there won't be too much friction when exchanging to/from fiat currencies, and that's uncertain.
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philipma1957
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November 13, 2021, 12:33:13 AM Merited by buwaytress (1) |
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Let's start using money supply instead of market cap when it comes to bitcoin. The problem with using market cap is that people compare it with stocks (that have market cap) then see their total market cap is smaller and it scares them when they compare it with bitcoin's that has surpassed $1 trillion and what it will surpass when it goes above $1 million price.
Using money supply makes more sense for a currency and it helps us make more useful comparisons such as the fact that the world's total money supply is said to be around $5 quadrillion ($5000 trillion) while bitcoin's money supply is only $1.18 trillion.
In other words this one of a kind global decentralized currency only has 0.023% of total money supply! I say it will reach at least 10% in the next decade as we get closer to mass adoption which means a price of $26.5 million per bitcoin or better said 26 cents for 1 satoshi.
Where are you getting the $5Q number from? I'm not even sure if it's that much even when all derivatives are included. Maybe your number includes the value of all natural resources on Earth and on the Moon? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But I agree there's potentially a lot of room for growth, provided there won't be too much friction when exchanging to/from fiat currencies, and that's uncertain. never heard 5000 trillion for all the value in the world. have heard 100 trillion have heard 200 trillion and even 300 trillion. If you figure inflation is baked in and next year it is 6% due to the 5.9% rise in social security checks. If you say we are trully 300 trillion and add 18 trillion due to inflation a guess that btc could do 2x or say 128000 seems reasonable as a low number for 2022.
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NapHappy
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November 19, 2021, 02:52:43 AM |
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Thanks El duderino_ for the fun game. My take on this cycle that it's not over and what we are in now is a large extended bear trap that will take months to end. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F8XtnLdn%2FBTC-predict.png&t=665&c=Iubk1_P2M5lnQg) This is my favorite long-term chart, for nearly a decade bitcoin has been within this channel, it spends about 70% of that time in the green area and, maybe 20% in the yellow, and just about 10% in the red zone. Since I believe this bear trap will last longer and given that I'd bet on BTC price to be within the green channel any given day since it has a lot more chances than being elsewhere, so my guess is Dec will be the month when we start heading to the last ATH, and we will probably be at the 50k range, so I'll take box 238 at of price $54,666. mikeywith - can you tell me where to generate this chart?
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