Bitcoin will not be able to stay above 45k for ten days in a row ever again.

[The Sceptical Chymist]

Bitcoin can crash to $30,000 tomorrow, but zoom out, nothing can challenge the fact that it’s on a very long term trend to $100,000.

When I zoom out what I see is a final ATH of ~$64k, and then the classic collapse and dead cat bounces which are going to take us back below $10k which is the proven max price bitcoin can sustain.

Since I don't trust technical analysis, I'd have to say that either one of you could be right.  As much as I'd like to agree with Wind_FURY that there's some kind of long-term trend that'll lead bitcoin to $100k, there's just no telling what could happen on the path to that number--if that path exists in the first place and isn't some kind of desert mirage.

What I do think is that bitcoin will reach $50k at least sometime this year.  That long-term trend I'm not so sure about, but there does seem to be a very real short-term one.  Bitcoin is just waffling about, with the market deciding in which direction to send it--and since what I sense in the market is bullishness, I'm anticipating a breakout to the upside.  To $50k and beyond, probably within a month.  I wouldn't swear to it, but I'd probably be willing to wager a little money on it (but that's not an offer, lol).

[philipma1957]

This is a fun topic, it is definitely good that you took it over, we are going to have many of these, it will not be 50k, it will not be 55, it will not be 60 and all the way up. You know which one I am most excited about? 100K, that is a big milestone, 10k was like that, it took a while for us to get back over 10k after the 2018 bear run, that 10k was so sensitive that we had many many times that we went over it a bit and then crashed, it kept going over it a bit and crashed.

I believe same will happen to 100k as well, which is why I am so excited about the potential of it one day happening. I know it will not be tomorrow, but I know it will not be impossible in the future neither, it is going to be something that will eventually happen one day. Let's hope that it doesn't really take too long, I would love to see that before 2023 hits and that would be a good period.

Well I did not take it over. this is an homage to Proudhon he has been a bear since 2011

 

Yes, I have bought some. Because I believe it will rise much further, even in the short term.

Pffffff, I'm selling and recovering initial investments before the big crash.

this is his first "big crash reference"

[Poker Player]

What I mean is that it's the proven max price bitcoin can sustain under the most optimistic assumption. The real value is zero, as I have proven.

You have not proven anything. The objective value theories, which can also be applied to the stock market, are based on the difference between the real value and the price assigned by the market to the financial asset at that moment. Good analysts who know how to make good appraisals of objective values, give predictions in which the objective value and the market price tend to get closer and closer in the long term.

In your case, it is only moving away.

[Wind_FURY]

^ First attempt at >45k already invalidated in the last few hours making yer heart flutter hon? 44k as I woke up (really, really early, but well into Asian afternoon) but disappointed in the bears that they're not pushing it more enthusiastically towards 40k right now.

Bitcoin can crash to $30,000 tomorrow, but zoom out, nothing can challenge the fact that it’s on a very long term trend to $100,000. Then you zoom out BSV and prepare to laugh. Calvin Ayre’s miners are dumping to buy Bitcoin. The Flat-Earthers were scammed. Haha.

When I zoom out what I see is a final ATH of ~$64k, and then the classic collapse and dead cat bounces which are going to take us back below $10k which is the proven max price bitcoin can sustain.

That’s only because you are biased, and you want to see Bitcoin fail. But if you’re honest with yourself, it’s very obvious to everyone’s eyes that Bitcoin is on a trajectory to 6 digits. Why? Because the design decisions made by the Core developers ensures that Bitcoin becomes a multi-generation protocol. Your grandchildren will ask you why you’re not HODLing Bitcoin, and you HODL the keys to a dead shitcoin. “It’s long story”.

[ivankoh]

Based on the chart and performance of bitcoin incremental for 28 days, coming from $29k as of July 20th. And with whatever just happened in the past three days at ranges around 44k-48k  it's not serious enough to fall further.  Again a short trend is present but not a red signal, I think the market base still holds the settlement maximum at $43k and remains optimistic if we can bend to the upside.

[philipma1957]

What I mean is that it's the proven max price bitcoin can sustain under the most optimistic assumption. The real value is zero, as I have proven.

You have not proven anything. The objective value theories, which can also be applied to the stock market, are based on the difference between the real value and the price assigned by the market to the financial asset at that moment. Good analysts who know how to make good appraisals of objective values, give predictions in which the objective value and the market price tend to get closer and closer in the long term.

In your case, it is only moving away.

Actually he is correct that BTC will be zero value some time in the future. Since we humans may last only 1-5 million more years. Once we are gone BTC will be worthless.

So in a way I do agree with the assessment that he has proven scientifically  that BTC will go to zero.

I just don't think it will happen in the next 200 or 300 or even 1000 years.

[Wind_FURY]

What I mean is that it's the proven max price bitcoin can sustain under the most optimistic assumption. The real value is zero, as I have proven.

You have not proven anything. The objective value theories, which can also be applied to the stock market, are based on the difference between the real value and the price assigned by the market to the financial asset at that moment. Good analysts who know how to make good appraisals of objective values, give predictions in which the objective value and the market price tend to get closer and closer in the long term.

In your case, it is only moving away.

Actually he is correct that BTC will be zero value some time in the future. Since we humans may last only 1-5 million more years. Once we are gone BTC will be worthless.

So in a way I do agree with the assessment that he has proven scientifically  that BTC will go to zero.

I just don't think it will happen in the next 200 or 300 or even 1000 years.

BUT you are wrong. Elon Musk have already started to develop the tools to make humanity become space-faring creatures. The descendants of the Bitcoin trillionaires of the 21st Century will protect their wealth, and assure the continuation of the protocol around the new colonies in planets of the solar system.

[Phil_S]

Well I did not take it over. this is an homage to Proudhon he has been a bear since 2011

Leave some material for him, will you?

Let him have the next thread.

[proudhon]

Well I did not take it over. this is an homage to Proudhon he has been a bear since 2011

Leave some material for him, will you?

Let him have the next thread.

[Boov]

We've already seen bitcoin soars very amazing this week, and the recent price updates intimately showed a wonderful progress. The latest price as per checking today was $49175 while green market indication remains stable since last night. This signs was very exciting to see, and based on my previous experiences on this market, is absolutely moving towards future gains as btc market build strong momentum.

[Wind_FURY]

Well I did not take it over. this is an homage to Proudhon he has been a bear since 2011

Leave some material for him, will you?

He has a lot of material left to write on how to prove a fork-of-forked-shitcoin is “the real Bitcoin”, and that Craig Wright is the “real Satoshi”. I would like to see them keep contuning with that narrative. Like Flat-Earthers going around the globe to prove that the Earth is flat.

Let him have the next thread.

He can have $50,000, $60,000, $70,000, $80,000, $90,000, and $100,000.

[philipma1957]

So where do we stand?

 on coinbase we were at 44+ on August 19 so we are 7.7 days in on this 45+ level.
At 7 pm EST August 29 we could be 10 days over 45k
Which would kill off this thread.

[dezoel]

Every time this and subsequently higher number topics are created, the point is not to actually think that it will not be over a certain price for a certain amount of days, the point is the fact that it will do that, and to show you how great and amazing a bitcoin investment really is, because no matter what the price is, and no matter what the day is, eventually bitcoin breaks it.

We might literally be 10k+ for the whole past year, or we are getting there at least, I do not know when was the last time bitcoin was under 10k, but it is definitely getting there (cmc says 52 week low is 9.9k so nearly there). I just wanted to share this with everyone who is new to the topic and the idea, if they missed on proudhons topics and all. Some people think that phillipmareeeally thinks this, but it is not, even proudhon doesn't, this is basically just a joke.

[zanezane]

I like how this thread gets funnier every passing day that bitcoin is staying at 45k, hope that you get to open those other topics which is the same as this OP in the future.

[philipma1957]

Unfortunately some mod with zero sense of humor and history deleted my

homage block of threads.

set at

50k
55k
60k
65k
70k
75k
80k
85k
90k
95k
100k

sad so sad.

I will lock this one and not bother with one for 50k.

proudhon wins thanks to the mods.

oh well.

[Philipma1957cellphone]

Done locked.

And no more homages to proudhon. As the mods dont want them.