Future of Bitcoin

Investing / Cryptocurrencies
1858

Gold is a speculative asset and not a sound investment or good store of wealth. It’s market price is based on sentiment - legend, as you wrote

[Edit: that’s why the argument “BTC is just as good (=bad) as gold” is not a very convincing one to start with]

But there will remain a floor for the market price for gold for as long as people want to wear it which isn’t going to change any time soon. That’s the source of the legend

If you are being persecuted and your bank account and house are seized but you managed to stash some gold it will always have some value (help me get out of the country in return for these necklaces)

1859

@Cortana you called a -10%

1860

If it can drop another 20% until the 25 March 2024, it would be right one time for my monthly investment :joy:

2 Likes
1861

How did I call it? Because I wanted to buy more? xD

1862

59-69-59-66 welcome to bitcoin

1 Like
1863

If you are new to bitcoin volatility, don’t forget to either DCA or do nothing for a longer time period (eg 4-year cycle). If you try to trade this bull run, I wish you a lot of luck, but don’t be surprise if you get rekt.

I personally think we are not bullish enough, I won’t be surprised if we double the price before the summer considering all indicators are green and the halving is only next month.

To the haters, don’t worry, the tulip mania is soon over /s

4 Likes
1864

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1865

The last time Bitcoin surpassed its ATH, its price tripled in just 103 days. That would take the Bitcoin price to $213,000 by June if this is repeated.

1866

That’s exactly what I have in mind :sunglasses: and usually bull runs last 10 months (plan b model). There is still a lot of fuel.

1867

How common are those flash crashes? Coinbase suddenly filled orders at -20%?

1868

Probably limit orders from people who FOMOed at ATH last time :wink:

1 Like
1869

Probably common for some time. Yesterday a hodler from 2010 dumped 1000 btc at ath (read: sold to blackrock) means as long as people sell to blackrock, which instantly buys the dip, we will have big volatility but dont worry this train has no breaks.

1 Like
1870

We saw an OG from 2010 taking massive profit yesterday which cascaded and flush a lot of leverage. Very healthy I would say :ok_hand:

2 Likes
1871

Cortana’s power is rising! Even just thinking about investing is now enough to cause a crash!

1 Like
1872

I wish it would crash down to 40k. So I would buy some more, convert my ETH and leave it at 0.35 BTC total.

1 Like
1873

Assuming Cortana’s energy being constant and Cortana’s power rising, it is no wonder that the time of Cortana effect getting shorter and shorter.

1874

No-no, it doesn’t work this way. For BTC to crash to 40k, you have to want it to fly to 100k.

1875

Maybe some miners take some profits before the halving.

1876

If we are lucky and see 49k it will be an absolute no brainer buy for me.

1877

I wish as well… My fiat mining job bonus arrives in few weeks. Would be nice to have it at 40k. Unfortunately, will be more than double of that… SNIFF!!!