Reminds me how around 2012, a lot of people sold off thinking the cycle was over and the market was going to tumble any minute. They went into cash and sat on the sidelines for.... almost an entire DECADE of a roaring bull-market.
Doh!
Michael Saylor’s MicroStrategy doubles down on Bitcoin-
- Thread starter The_Krakenite
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Reminds me how around 2012, a lot of people sold off thinking the cycle was over and the market was going to tumble any minute. They went into cash and sat on the sidelines for.... almost an entire DECADE of a roaring bull-market.
Doh!
Bitcoin nutters are dreaming of $1million per bitcoin. They greedy and not satisfied with only $50,000 per coin in profits.
$1 Million per Bitcoin is better than $50 thousand per Bitcoin
Based upon what I have seen, bitcoin is now trailing the NDX. And based on what I have witnessed, the NDX is going to eventually rise again, which means bitcoin will rise again. So once the NDX bottoms, the BTC will bottom. And since the BTC is way more free-wheeling Franklin'?
When the NDX hits 18K, the BTC will be at 100K. It's the law of overcompensation or something.
Just a general analysis in my head.
When the NDX hits 18K, the BTC will be at 100K. It's the law of overcompensation or something.
Just a general analysis in my head.
@johnarb
You do need to be careful when substituting delta as a 'probability'. It's just a quirk to be used as a rough guage for prob ITM, and can be very inaccurate at times. That said, one of my favorite probability functions is that of 'touch'. Unfortunately most brokers don't seem to support these metrics.
You do need to be careful when substituting delta as a 'probability'. It's just a quirk to be used as a rough guage for prob ITM, and can be very inaccurate at times. That said, one of my favorite probability functions is that of 'touch'. Unfortunately most brokers don't seem to support these metrics.
NDX could hit 18K, but problem with that math is:
1. You are counting from ATH, instead of the current price level. So the BTC equivalent would be 40K with overcompensation, not 100K.
2. These people always hold for too long. Holding for years blindly is one thing, but cashing out at tops instead of valleys is another. They didn't sell at 60K, so why would they sell at the next top, whatever it may be?
3. The world now experienced an ATH instead of just the much smaller crypto world, so fever idiots left to "invest".
4. NFTs and Fis already took over as the next fad, because BTC wasn't promising/producing enough, there will be another new things to take customers' cash.
etc.etc.
There are people who bought Bitcoin for 99 cents, and now we are discussing that HODLING is a terrible-strat for that asset?
Seriously?
Seriously!! We are turning billionaires into multi millionaires.
Even if you only had one bitcoin at 99 cents you have made roughly 20k.
But you have just watched your investment drop by over 45k.
What kind of investment strategy is that?