Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So, when are we going to hit $1,000,000?
Let's project.
If we assume the average doubling floor time of 6 months over the last 5 years (including the 2014-2015 bear market):
$20k Aug 2018
$40k Feb 2019
$80k Aug 2019
$160k Feb 2021
$320k Aug 2021
$640k Feb 2022
$1.28MM Aug 2022
Three and a half more years.
If the doubling time persists at 3 months (the approx. average of the last three doublings), then just under two years. Mid 2020.
Wow.
You lot that like to sell your BTC in increments to buy back, take note that you dont run out.
Using the numbers above, even should there be no volatility to be harvested (as if), I'm good through 2022.
Hahahahahaha.. jbreher... I don't mean to pick on you or to be stalking you, too much, but are you confessing that you are gonna run out of BTC if BTC prices were to go straight up to $1.28 million?
I could not really blame you for running out of BTC in that kind of a scenario because seems that no matter what there are going to be some price corrections along the way.. there is almost no such thing as straight up, even going up 5x without a significant price correction wold be quite amazing, but going up from here to $1.28 million would be more than 110x, and surely there would be several pretty decently-sized price corrections in there to help any of us incrementalists to stack up our holdings in order to prepare for BTC price destinations higher than $1.28 million.
Re-read. Through 2022.