I'm thinking wakefulness.
If that ever happens, I don't think it will occur at the speed of crypto.
Bitcoin Price Thread
- Thread starter Magna
- Start date
More of a post-financial crisis phenomenon, at least in terms of it being a serious issue. I've kept a close eye on it for about 25 years. Before the financial crisis, there was hope for Congress becoming fiscally responsible. That all went out the window post-2009 when the U.S. government stopped worrying about deficits and the Fed enabled fiscal irresponsibility via quantitative easing.
It's worth knowing that BTC is more or less shadowing the equity market. They both go up and down at the same time. So from a technical perspective, I don't see just how BTC could go up to $1M by the end of this decade unless S&P500 also rises to $100K. But then again, who knows? Ya just never know. 
Anyway, if you're thinking about buying BTC and you don't mind waiting, I say wait until it goes down and retest that trendline, which I believe will be around $37K and $40K. That's about 50% pullback from the ATH and you will have saved $35,000. Now, that's a REAL SAVING!
#50%OFF
Anyway, if you're thinking about buying BTC and you don't mind waiting, I say wait until it goes down and retest that trendline, which I believe will be around $37K and $40K. That's about 50% pullback from the ATH and you will have saved $35,000. Now, that's a REAL SAVING!
#50%OFF
Attention K-Mart shoppers…..It's worth knowing that BTC is more or less shadowing the equity market. They both go up and down at the same time. So from a technical perspective, I don't see just how BTC could go up to $1M by the end of this decade unless S&P500 also rises to $100K. But then again, who knows? Ya just never know.
Anyway, if you're thinking about buying BTC and you don't mind waiting, I say wait until it goes down and retest that trendline, which I believe will be around $37K and $40K. That's about 50% pullback from the ATH and you will have saved $35,000. Now, that's a REAL SAVING!
#50%OFF
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It was not that long ago when I was hearing people so sure of themselves that both America and Russia could not and would never do such a thing as default on their debt... unthinkable.
Even when the asian crisis was spreading, these types were so confident on trading forums poh-pohing all the FUD...
And then... it happened. Now we don't hear about hedge funds like LTCM anymore, after leveraging up on bond spreads to the tits. Of course, the excuse after all the dust settled was "The default was a 10-sigma event! How could it have been predicted?! Impossible!"
And now we're hearing the SAME SHIT right now AGAIN...
Some things never change...
Special props to Taleb, who was invited just prior to the blow-up at LongTerm Capital. He gave stark warning about the foolish risk they were taking on that trade.
They didn't listen to him.
What if all of a sudden some oil producing nation says they will accept Bitcoin for oil? If the world economy is falling apart because of the difficulty to source USD, but they have access to Bitcoin, and Bitcoin would.be accepted, imagine the ramifications of this.I don't see just how BTC could go up to $1M by the end of this decade unless S&P500 also rises to $100K. But then again, who knows? Ya just never know.
BTC price might be following equities right now, but there is huge asymmetry. The only way for equities to have massive upside is inflation. Bitcoin has multiple possibilities for huge upside. It isn't tied to the constraints of balance sheets and revenues.