Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 11/04/2019, 00:29:40 UTC
We are at Oct 2017 prices.. we could be at ATH in 60 days. It happened before, it could happen again.

Its childish, i know, but that keeps me entertained and faithfull when real life matters keep my soul sad about really inevitable things.

You are living a fantasy.

Currently, we do not have October 2017 momentum.


I beg to differ.

Get real Biodom.  Seems like I am stating the obvious, but you are "begging to differ" based on what?  Hopium?

What do we have here? a few months of building momentum, at best?  I would more accurately describe it as a few weeks of arguable momentum that started when?  April 1? 

Come on.  Are you arguing for the mere sake of it?

What did we have in October 2017?  Nearly two years of upwards movement and building momentum.


Not sure where we are going, but momentum is substantial: if this would continue unabated for 30 days (at the same speed as in the last 9 days), we would be at 2.197X the price of April 1 by May 1, which is about $9000. It does not mean that we would get there, but so far so good...Buffett buys massively at above 500K in a few years, lol.

Even if we go straight to $9k that still is less than half of ATH.  I am having difficulties seeing a clear path to a new ATH in 60 days even in the most rosy of scenarios absent some kind of blackswan event or some other major and outrageous circumstances  that should not be part of any regular and normal calculation regarding reasonable possible BTC price direction outcomes.