Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by LFC_Bitcoin (1)
A wild guess: today is the last day to get bitcoin below $3900.
Yes. The odds of the truth of that assertion are in the less than 25% arena.
So far so good:
Maybe the odds of going below $3,900 again became slightly better than what they were on March 25, but they have not changed by a lot.. I would not even put them above 45% and that 45% is a bit charitable. You may end up being correct, regarding your guess, but I am not sure what that would be saying, besides you having had gotten lucky in your guess. Do you find that valuable in how you live your life? I certainly try to minimize gambling and guessing in how I live my life, but surely once in a while it is fun.. but that is it.. merely fun rather than something to attach much if any significance.
What are the odds of going below $3900 (again) now, @JJG?
OTOH, some are REKT:
Lyft breaks below its IPO price ($72), now down over 20% from its opening day high.
Is this the calm after the storm now? I wouldnt mind a period of 3-4 months in this range. Low volatility is good for bitcoin. Average Joe doesnt want to buy when the price is up & down like a yoyo.
Id be cool with low volatility until June/July or something before the next leg up to $ 6,000 or something.
Anybody agree?
Id be cool with low volatility until June/July or something before the next leg up to $ 6,000 or something.
Anybody agree?
I don't think that we're going to have low volatility in the short term. I've got a feeling that bitcoin is in the mood of making alts super-rekt and getting an increase in overall market dominance, by first dumping again (to somewhat like ~$4400) and then pumping again (to somewhat like ~$5100).