Bitcoin Price Thread

A million....

Yes, a bitcoin will be worth US $1,000,000 within 5 years

Fun fact, I remember hearing this quote 5 years ago.

Yes, because the quote from the past was by 2030 bitcoin will go to $1,000,000

The time is getting closer now.... bitcoin may even go to US $1,000,000 much sooner
 
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I got that they had transferred the coin but then the guy blamed this weeks drop on it. I guess he’s saying the drop was from selling the news and not actually from a liquidation.

The drop happened because we started an ABC correction on Mar24. The drop was inevitable and measurable. It doesn't surprise me that the news starts coming out that facilitates the drop, but that's why I keep telling you guys that the market is determined not random, and does not just react to random events.
 
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The drop happened because we started an ABC correction on Mar24. The drop was inevitable and measurable. It doesn't surprise me that the news starts coming out that facilitates the drop, but that's why I keep telling you guys that the market is determined not random, and does not just react to random events.
I believe that EW has some merit but there is always a fundamental reason for a move. We just don’t find out what the reason is until afterwards. EW can tell you something’s coming but it can’t tell you what’s coming. It’s always interesting to find out what actions caused prices to move.
 
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"The guy" is clueless. The drop is happening because we started an ABC correction on Mar14. Technically it was confirmed as an ABC correction on Mar31 which lines up with when these coins were transferred. Not saying that was the only catalyst to the drop, just saying once again the chart predicts the news, it does not react to the news.
Guess I see EW things differently. Correction for me confirmed only once it traded below but more importantly closed below March 20th closing price, which happened on April 2nd.

But what price move predicted what news?
 
Guess I see EW things differently. Correction for me confirmed only once it traded below but more importantly closed below March 20th closing price, which happened on April 2nd.

But what price move predicted what news?

The chart ABC was measurable since (A) which is technically 4 unless an ABC correction confirms at (B), which coincidentally is around the date of the post in the link. So its a bit a chicken and the egg thing, but essentially you can expect the move to (C) and the news will be inconsequential or even more interesting determined. :)

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The chart ABC was measurable since (A) which is technically 4 unless an ABC correction confirms at (B), which coincidentally is around the date of the post in the link. So its a bit a chicken and the egg thing, but essentially you can expect the move to (C) and the news will be inconsequential or even more interesting determined. :)

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That's where we are now. Drawn in hindsight.
Are you expecting C to be lower than 65 or have we already hit C
 
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