Bloomberg Foresees Bitcoin Rallying to $400K This Year

[orbit23]

He could have said worse things, given the pounds of coca that he sniffs regulary.

Mcaffee is in prison in Spain awaiting extradition to US lol

 

[Poljot]

It doesn't matter whether btc goes up to 6 digits, 7 digits ....
or goes down to 4 digits, 3 digits, 2 digits, 1 digit, sub 1 digit ...


Starting May 21, it should be fun day trading mini BTC futures
as the volume is expected to be relatively high.

Currently, BTC futures volume is extremely pathetic and miserable at 10k/day.
it is ok for swing trading but not day trading.

Do you mean microbitcoin MBT on CME or something else?

Micro Bitcoin futures (MBT) will be available to trade Sunday, May 2, 2021 beginning at 6 p.m. ET for trade date Monday, May 3, 2021.*

 

[themickey]

Nobody knows the future but a couple of things, a) a Bloomberg analysts opinion?..... mmmmm, wonder if somebody is unloading, and b) if Crypto has been sucking money out of gold market of late, a strong crypto bull market could also then maybe suck money out of the stock market. Should that go tits up then crypto may follow.

 

[tsznecki]

Giant ponzi. Hash rates going up. Cost of mining higher and higher, so the price has no where to go but up.... until....

https://www.elitetrader.com/et/posts/5301732

Yeah you know I'm not sure about listening to a guy who although made money trading, admits that he would have done better just buying and holding SPY.

Have you considered you don't know what you think?

 

[tsznecki]

Inflate the almighty bubble across all assets. $400k...everyone trying to one up each other. A magical coin with no intristic value. Since everything is in bubble mode I'm sure will hear about $500,000 bitcoin, a million and so on. Let's see how high this magical coin can rise before it losses another 80% of its value.

I love to hear you the permabear about what the intrinsic value of gold is.

Not holding my breath.

 

[tsznecki]

You're the Jim Jones of bitcoin, not to mention you're literally pumping your own position in bitcoin. Your confidence is also very typical in absurd bubbles - You want to bet real estate will go down? *smirk*. I'm sure this time it's totally different...

If you have issues against BTC/crypto, why don't you post theses and actual facts instead of attacking the messenger?

The first post you had against @johnarb in this thread you went ad hominem. Maybe you have no arguments against BTC and are just salty?

 

[johnarb]

If you have issues against BTC/crypto, why don't you post theses and actual facts instead of attacking the messenger?

The first post you had against @johnarb in this thread you went ad hominem. Maybe you have no arguments against BTC and are just salty?

There's no discussing rationally with d08, bro

d08 was trying to gaslight me, it was pretty obvious with his disingenuous comments trying to bait me. Little boy came unprepared and got schooled

In a bear market, I'm sure it would have worked, but in a bull market with btc at ath, no chance

 

[longshort]

#HaveFunStayingPoor d08

You have made nothing until you've cashed out.

If I remember your posts correctly, you held BTC through a 70% (or something in the neighborhood) drawdown. You might be the kind of hodler to keep on to BTC through a >90% drawdown (that BTC had several times in the past).

Maybe some day it won't bounce back up. Trading BTC is a zero sum game before transaction costs. Not everyone can be a winner and those who didn't cash out above their avg buy price will be the losers.

 

[newwurldmn]

You have made nothing until you've cashed out.

If I remember your posts correctly, you held BTC through a 70% (or something in the neighborhood) drawdown. You might be the kind of hodler to keep on to BTC through a >90% drawdown (that BTC had several times in the past).

Maybe some day it won't bounce back up. Trading BTC is a zero sum game before transaction costs. Not everyone can be a winner and those who didn't cash out above their avg buy price will be the losers.

I’m not a bitcoin fan but I disagree that bitcoin is a zero sum game. It went from zero to a positive value - that’s real wealth creation, similar to amazon stock. (I understand the exp3ction of future cash flows, etc that justify a stock price and don’t apply to bitcoin)

 

[longshort]

I’m not a bitcoin fan but I disagree that bitcoin is a zero sum game. It went from zero to a positive value - that’s real wealth creation, similar to amazon stock. (I understand the exp3ction of future cash flows, etc that justify a stock price and don’t apply to bitcoin)

Think in detail about what happens and about both sides of the transaction. Someone mines BTC at $0 and sells it later at $50K. The buyer had to fork over $50K and gets a worthless digital token of no intrinsic value, i.e. nothing. Unless that buyer now manages to unload to someone else, he is the one who lost the $50K (that the seller has made before transaction costs).