It's easy to say bitcoin will become a stable use of transactions when it's up a a few hundred percent the last handful of years but when it dropped from nearly 70k and lost 80% of its value there was nothing but complete silence in the entire crypto world. It was barely mentioned and almost all forgotten. That's going to happen again. The hype and the predictions of some even calling for a million and some fools predicting billion a coin is absolute stupidity. No one wants to agree because their shiny make believe bitcoin is going up a thousand a week!
Tom lee says 500k for bitcoin....tulip mania is just beautiful, isn't it??
- Thread starter S2007S
- Start date
When it dropped 80% you had a lot of people saying it's the end and it will never see again 50k...
Just check the history here.
A million sounds delusional, I agree
Did you buy at the bottom? Things get pretty scary when it reaches those levels, and the market can mess with your head. I know when it reached 15K I was scared to buy more. I ended up buying at 20k some at 23K.
I'd like to know who had the guts to buy at 3K in the beggining of 2019. You'd be up over 15,000% right now
Tokenz and I were active here during the bear market 2022, getting ridiculed by naysayers. I didn't see you much here, you seem to come around when things are going up
You should be asking yourself why you did not want to accumulate during the bear market cycles of bitcoin?
You've been here since bitcoin was less than 1 penny, and you've seen the 3 cycles I've seen, 2013, 2017 and 2021
you could have bought the 80% crash on every single one of those cycles, $1,200 to $150, $20,000 to $3,200 and the $69,000 to $14,500
Bitcoin will go to $1M and will keep going higher, it's very simple, the $ keeps getting debased forever, that's the nature of all fiat currencies
Let's take care of $100k first, though
Now that Blackrock got their etf for the bitcoin inventory they've most likely been heavily amassing, they can use their influence on big media today to pump up this shill coin and get back to perpetuating this pyramid scheme. How ironic that NYT has an incredibly nice shiny glowing piece on it today.
Last edited:
Or the price could collapse and it files for chapter 11
I think bitcoin will be here forever, but it'll go through the crash similar to Nasdaq, the last big crash took 15 years to recover. Not so much the % DD, but the time it takes to recover. So far, bitcoin takes 2-3 years to recover crashes, so it needs that +decade recovery test.
That's where bitcoin will end up. Once it recovers that "YUGE and LONG" crash, it'll be just the official "pie" in your 401k retirement and just chug along normally like equities.
THere, my prediction in the next 20 years.
That's where bitcoin will end up. Once it recovers that "YUGE and LONG" crash, it'll be just the official "pie" in your 401k retirement and just chug along normally like equities.
THere, my prediction in the next 20 years.
Baron
ET Founder
Who said it had to have intrinsic value and be a main source of monetary transactions? I hope you realize that BTC can continue climbing upward without either of those characteristics. I mean, look how far it has come since inception already.
Good luck betting on that.