Bitcoin Price Thread

destriero said:
If I am wrong I am sure I will hear it down the road, but it's my belief that BTCUSD will not see 65K for at least three years, if it's not already formed a top. The emergence of DeFi is analogous to the 2000s internet and telecom dereg boom. The tops are seen within a year of the emergence of the tech; not the utility (internet of things).
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Thank you, Dest! Great insight and analysis! I still believe that the bull market is not over, but it gave me pause to consider an opposing view

I'm done selling, got enough funds to last many years and hope there is a next bull market cycle

Hope there are not too much changes to the tax rules as being mentioned in the news

I have another 3.5 btc's on exchanges but not sure if I will sell them or not. The next batch of selling would have been 35K which hit 10 minutes ago but decided not to do anything

Maybe I'll sell them tomorrow or the day after

I'm leaving a total of about $200k in USD at exchanges if I decide to buy back in, but would have to be convinced that bull market has not been completely destroyed

The damage to the reputation of btc and cryptos as investment asset for the Institutional Investors and masses may take some time to repair - mainly that a person like Elon can cause a crash, and that the market is still susceptible to very wild price swings

Hope everyone invested in cryptos are doing ok during this time...

I'm gonna hold 10 btc's along with some alts and no plans to sell. Sold the doge for a loss earlier today

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I'm gonna let ya'll in on a little secret from the land of (market) experience.

Bitcoin is no longer about Bitcoin.
It doesn't matter if it has no value, if its used by crooks, or whatever.
None of this matters now.

What does matter is its a legitimate trading vehicle and now the whales with their infinitely powerful super-computers and their infinitely deep pockets are in the game battling each other.

There's fortunes to be made/lost and that's exactly where the powerhouses love to play.

The value of BTC will no longer be determined by geeks, or even someone like Elon.
Its a whole new game now.

Not an apples to apples comparison, but look no farther than GME.
Why do you think it stays in this range? Even when the market was tanking last week?
Because the whales and all their $'s, and all their processing power, jumped in. Ditto AMC; same thing.

Its a new game for BTC now.
I predict the big swings will end soon.
A range will be established.
And that range will narrow proportionally as the whales fight each other and the price moves (that were) previously in 1000's, turn to moves in 100's, and eventually moves in only tens of dollars.

It's a new battlefield now, the select few have found a new table.
The rest of ya'll are along for the ride.
Exactly like GME.
-vz
 
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