Bitcoin Price Thread

[johnarb]

And you're not a stranger yourself when it comes to twisting other people's words.

This is what I previously wrote. So you interpret "not entirely impossible" as "certain that it will"? Man, you need to brush up on your english.

Oh, you conveniently forgot about my other prediction, that BTC will drop to 60K. Why?

Your predictions are like this, it will go down, but it may go up based on this floating triangles, but I don't expect check out before $50k or even $40k, but it could go up

I do not understand English well, it's a weird language, lots of ways to say one thing and then back out

What I do know is that you're only commenting on bitcoin when it's below $70k but disappear when bitcoin is above

In 2 weeks, you'll be doing the same thing but when bitcoin is below $80k

And about conveniently forgetting your other prediction, I"m sincerely sorry but I do not give it much consideration, when bitcoin is above $80k, $90k, $100k this year, you will continually make all kinds of predictions along the way as you did in the $30k, $40k, $50k, $60k...

Your predictions are a dime a dozen, dude

 

[schizo]

Your predictions are like this, it will go down, but it may go up based on this floating triangles, but I don't expect check out before $50k or even $40k, but it could go up

I do not understand English well, it's a weird language, lots of ways to say one thing and then back out

What I do know is that you're only commenting on bitcoin when it's below $70k but disappear when bitcoin is above

In 2 weeks, you'll be doing the same thing but when bitcoin is below $80k

And about conveniently forgetting your other prediction, I"m sincerely sorry but I do not give it much consideration, when bitcoin is above $80k, $90k, $100k this year, you will continually make all kinds of predictions along the way as you did in the $30k, $40k, $50k, $60k...

Your predictions are a dime a dozen, dude

Yes, yes, keep on dreaming. Who knows, you too might actually become a generational bag holder. As always, good luck!

 

[johnarb]

As always, good luck!

Thanks for the good wishes, $100k/btc will happen this year, that's my prediction, anyway, even if I am wrong


PS: the dreams are already achieved, just for clarification if my English is not clear enough

 

[gwb-trading]

You're wrong

You're looking at the short term price reaction, during a time when most global markets are closed

If you ever traded the markets, you would know the first hour is called the amateur hour

You should be asking why is bitcoin still over $60k? Why has the selling not continued all the way to $40k? When you know the answer, then you will be smarter

So how's it going today when global markets are open? The bottom line is that Bitcoin is not an asset investors will flee to in time of global turmoil. It is not the equivalent of gold or other "safety assets". Anyone who is trying to position crypto as a "safety asset" needs to re-think their position. The outbreak of conflict in the Middle East in recent days demonstrated the reality quite clearly.

As Bitcoin drops 14%, new investors become the need of the hour
https://ambcrypto.com/as-bitcoin-drops-14-new-investors-become-the-need-of-the-hour/?

 

[SunTrader]

So how's it going today when global markets are open? The bottom line is that Bitcoin is not an asset investors will flee to in time of global turmoil. It is not the equivalent of gold or other "safety assets". Anyone who is trying to position crypto as a "safety asset" needs to re-think their position. The outbreak of conflict in the Middle East in recent days demonstrated the reality quite clearly.

As Bitcoin drops 14%, new investors become the need of the hour
https://ambcrypto.com/as-bitcoin-drops-14-new-investors-become-the-need-of-the-hour/?

Headline (... need of the hour...) is stale. Up $3000 off low of 2 days ago. And it was even higher yesterday (Sunday).

Anyway it has been a correction for a while now so its to be expected.

 

[gwb-trading]

Headline (... need of the hour...) is stale. Up $3000 off low of 2 days ago. And it was even higher yesterday (Sunday).

Anyway it has been a correction for a while now so its to be expected.

So tell us... how has the price of bitcoin price gone today since 9:30am EDT since the stock market opened. At this point "amateur hour" is over for investors and the pros are running the markets.

 

[SunTrader]

So tell us... how has the price of bitcoin price gone today since 9:30am EDT since the stock market opened. At this point "amateur hour" is over for investors and the pros are running the markets.

View attachment 338338

Bitcoin currently stopped going up @ 948am. It does that goes up, goes down. Ya know come to think of it so does every other tradeable market. Up, down what a concept.

Is there a point to your question?

BTW note I am not someone who says Bitcoin, or any other Crypto, is a safe-haven risk-off instrument in reference to what other stock and commodities markets are doing.

But is in reference to what other currencies or other forms of money (like Gold) are doing importantly over time (i.e. not minute to minute).

 

[gwb-trading]

Bitcoin currently stopped going up @ 948am. It does that goes up, goes down. Ya know come to think of it so does every other tradeable market. Up, down what a concept.

Is there a point to your question?

BTW note I am not someone who says Bitcoin, or any other Crypto, is a safe-haven risk-off instrument in reference to what other stock and commodities markets are doing.

But is in reference to what other currencies or other forms of money (like Gold) are doing importantly over time (i.e. not minute to minute).

The sole point I was trying to make in my original post was that crypto is not a safe-haven investment in times of global turmoil or war. Crypto is not where investors will be fleeing to if they want to reduce their risk. This was quite evident over the weekend when the markets were closed and Bitcoin was still available for trading.

 

[johnarb]

So how's it going today when global markets are open? The bottom line is that Bitcoin is not an asset investors will flee to in time of global turmoil. It is not the equivalent of gold or other "safety assets". Anyone who is trying to position crypto as a "safety asset" needs to re-think their position. The outbreak of conflict in the Middle East in recent days demonstrated the reality quite clearly.

Are you being disingenuous or just stupid?

The crisis is over for now, there is no more safety asset discussion and hello, the markets are up right now including bitcoin further proving there is no crisis, there is no flight to safety going-ons right now

Bitcoin is trading ahead of halving and as it has done in the past, it is trading on weakness

It could possibly go down even more, as the new investor class do not understand if there is technical risk of failure or system problems with the halving implementation

Which is why in 5 days, I predict bitcoin will go to new all time high above $75k after the halving has been completed successfully, there is 0.00001% chance of any problems

The sole point I was trying to make in my original post was that crypto is not a safe-haven investment in times of global turmoil or war. Crypto is not where investors will be fleeing to if they want to reduce their risk. This was quite evident over the weekend when the markets were closed and Bitcoin was still available for trading.

The liquidity-asymmetry of bitcoin compared to other assets went over your head

If bitcoin was a safe-haven for investors then the price would have gone up significantly as investors pouring into it over the weekend after Iran directly attacked Israel.

I'll spell it out for you, where are these investors going to get the funds to buy the bitcoins on a weekend as you said they are all in panic mode?

Only the bitcoin owners and speculators and leveraged traders already active in the bitcoin markets can buy and sell

The mom and pop of all the US states, the wealthy people of the middle east and Europe and Asia are all waiting for the markets to open so they can get the liquidity to buy bitcoins, but the crisis is over now, ain't it?

 

[gwb-trading]

Are you being disingenuous or just stupid?

The crisis is over for now, there is no more safety asset discussion and hello, the markets are up right now including bitcoin further proving there is no crisis, there is no flight to safety going-ons right now

Bitcoin is trading ahead of halving and as it has done in the past, it is trading on weakness

It could possibly go down even more, as the new investor class do not understand if there is technical risk of failure or system problems with the halving implementation

Which is why in 5 days, I predict bitcoin will go to new all time high above $75k after the halving has been completed successfully, there is 0.00001% chance of any problems

View attachment 338344

So are you proclaiming that investors will purchase bitcoin as a safe-haven in times of global turmoil or war? I disagree with that -- and the evidence over the weekend obviously undermines that concept that crypto will be an investing safe-haven. If bitcoin was a safe-haven for investors then the price would have gone up significantly as investors pouring into it over the weekend after Iran directly attacked Israel.

I recognize that halving is an upcoming issue. Bitcoin miners seem to be the most concerned due to the financial impact.

Bitcoin is a speculative investment (IMO). It may go up or may go down in the future. However the clear thing that the price action demonstrated after the recent Middle East turmoil is that bitcoin is not considered to be a safe-haven by investors.