Bitcoin Price Thread

orbit23 said:
Yeah this is a classic mistake. When the market is going up, it will not give you a deep retracement, you have to FOMO in.

We don't want to buy because we are afraid of buying the top and we feel it's already too high and it does not feel safe. Then usually when the dip finally comes, it is not "the dip", but reversal of the trend. Buy on the way up, not on the way down. Just how we are conditioned to behave i guess.
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exactly why I algo trade based on statistical research.

as far as cryptos, I am too late. It is at insane levels now, if I miss it and it goes much higher so be it, but I would not begin my crypto investment at such levels.
 
RedDuke said:
as far as cryptos, I am too late. It is at insane levels now,
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Curious what you think the ultimate top for bitcoin is and what will happen when it reaches that price?

I think bitcoin will surpass $100K this year

Will bitcoin hit $500K in 5 years? Damn, would love for that to happen, and now some are arguing for $1M in 10 years, I don't know, I guess it's possible

But to get back to your situation, 100% roi within a year, 500% in 5 years and a possible 1000% in 10?

What's your risk? judging from previous bull market cycles, ~85% from btc bull market top price to bottom, as long as you don't sell, you can continue to hodl until 5 or 10 years when you want to cash out

The $61K question is if we've seen the top for this bull market or we have not?
 
johnarb said:
Curious what you think the ultimate top for bitcoin is and what will happen when it reaches that price?

I think bitcoin will surpass $100K this year

Will bitcoin hit $500K in 5 years? Damn, would love for that to happen, and now some are arguing for $1M in 10 years, I don't know, I guess it's possible

But to get back to your situation, 100% roi within a year, 500% in 5 years and a possible 1000% in 10?

What's your risk? judging from previous bull market cycles, ~85% from btc bull market top price to bottom, as long as you don't sell, you can continue to hodl until 5 or 10 years when you want to cash out

The $61K question is if we've seen the top for this bull market or we have not?
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No idea. I am awful when it comes to such predictions. That is why I trade with Algos. I trust stats and positive expectancy.

I think anything is possible with cryptos. 100k is possible and 10k is possible, though I think 100k is a lot more possible as of right now.

damn, why was I so stubborn about Tethers? that was the only thing that kept
Me from investing. It is genius what they did. They literally created themselves 40 billion out of thin air, and took cryptos to where they are now.
 
RedDuke said:
No idea. I am awful when it comes to such predictions. That is why I trade with Algos. I trust stats and positive expectancy.

I think anything is possible with cryptos. 100k is possible and 10k is possible, though I think 100k is a lot more possible as of right now.

damn, why was I so stubborn about Tethers? that was the only thing that kept
Me from investing. It is genius what they did. They literally created themselves 40 billion out of thin air, and took cryptos to where they are now.
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I was just wondering what you meant when you keep saying you're too late?

Like if you mean there's a bitcoin price that it cannot go higher and what happens next. I'm not saying it's wrong, I'm only trying to understand your point of view
 
johnarb said:
I was just wondering what you meant when you keep saying you're too late?

Like if you mean there's a bitcoin price that it cannot go higher and what happens next. I'm not saying it's wrong, I'm only trying to understand your point of view
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Means, buying at Huge ATH give or take. This is where Ether and BTC are now. Waiting for a large pull back before I get in, if non materialise, oh well, that means it was not meant to be. At any rate I would only put in small part of my capital.
 
johnarb said:
Michael Saylor is nutso about bitcoin. I love the passion in this space and glad I'm part of it :D

https://twitter.com/x/status/1375794738805280779
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We are hopefully at the climax of stupid.

Good for him for working hard, learning to code and getting lucky eventually. But with 99% of his wealth still in crypto because he believes everything is going virtual just shows how dumb his generation is. "Money is virtual, land is virtual and art is virtual." Land for sure might be virtual after the ice caps melt and there is much less of it. LOL...

I also hope he enjoys his virtual breakfast, lunch and dinner, and his virtual orgasms from his virtual girlfriend.

In conclusion, the way that decentralization is presented at the end makes me think that in the world of tomorrow, there will be nobody to do anything for you since every social service and benefit is decentralized which means nobody is in charge of anything.
 
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