Bitcoin Price Thread

themickey said:
Nice thinking 99! :)
Yup and I wasn't thinking, if Biden keeps sending bombs into Gaza and the tinderbox blows up with everyone then sucked in, that will also should be good for money printing. That was good work picking Biden.
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If Trump wins, Bitcoin will most likely go to the moon, $1M before end of this bull market cycle, will send the stock market soaring, all time high, will send NVDA to over $1k needing another 10-to-1 split, real estate will go up,....

and that will not benefit most of my family and friends

It's better for the slow and steady money printing and occasional bear markets induced by lower liquidity cycles

Low time preference


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johnarb said:
If Trump wins, Bitcoin will most likely go to the moon, $1M before end of this bull market cycle, will send the stock market soaring, all time high, will send NVDA to over $1k needing another 10-to-1 split, real estate will go up,....

and that will not benefit most of my family and friends

It's better for the slow and steady money printing and occasional bear markets induced by lower liquidity cycles

Low time preference


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I think that Biden is the "fall guy".

In a sense that there will be a collapse under his administration, which will cause Trump to get elected and he will restart the printing machine.


Trump is not getting elected without some big event (eg. war, stock market collapse, whatever else...).
 
orbit23 said:
I think that Biden is the "fall guy".

In a sense that there will be a collapse under his administration, which will cause Trump to get elected and he will restart the printing machine.


Trump is not getting elected without some big event (eg. war, stock market collapse, whatever else...).
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To be fair,hes only fallen over 2 or 3 times.

Usually its only,almost falling over.
 
orbit23 said:
Trump is not getting elected without some big event (eg. war, stock market collapse, whatever else...).
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Lots of things going on and no one seems to be worried about a WW3 possibility (i.e. active conflicts in Ukraine, Gaza, Lebanon, Crimea incident)

We're starting to stockpile on stuff, none of the locals understand the threat going-ons, loading up on physical cash currencies and mostly in cash in the US accounts,

Taiwan scenario is looming in our part of the world

And of course bitcoin is liquid 24/7 and portable to anywhere, impractical with physical gold, but I digress
 
schizo said:
If we fall to 60K, I don't think that will be the end. If history is any guide, you would see that previous tops made a "double top", followed by 50%-ish plunge. This means, we could be down at the 37K-ish before all this is done.
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Congrats on the call to 60k (low of 60.7k so far)

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Bitcoin's Double Top Suggests BTC Could Fall to $50K: Analyst
The bearish pattern hints at a further correction.
By Omkar Godbole
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Jun 24, 2024 at 2:27 p.m.

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Mountains, cloud, fields. (LoboStudioHamburg/Pixabay)

  • The U.S. election and CPI could be a bullish factor later this year.
  • Fed's preferred inflation gauge, the PCE price index, due Friday, could offer relief.
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Occasionally, I'd take a look at those garbage news.

Obviously the writer has been sleeping for days and he suddenly wake up today.
 
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