Post
Topic
Board Speculation
Re: Will Bitcoin Correct to $6,500?
by
olumyd
on 09/02/2020, 05:27:40 UTC
If you're not sure what's going to happen, then the right move would probably to hedge your bets. Can't decide between USDT and BTC? Then probably put 50% on each instead. Even if we're a few months away from the halving, prices are still not guaranteed to rise so act accordingly.

Good advice.

As for 6000-6500  happening.

Well  

415 dec-2015
447 jan-2016
379 feb-2016............................ feb-2020 about 95-100 days before  ½ ing
419-mar-2016
421-apr-2016 95-100 days before  2016  ½ ing
452-may-2016
577-june-2016

647-jul-2016

587 8/11/2016
605
640
714
767
785  jan-2017
1008 feb-2017


we look okay based on past preformance.

Not sure that the past  ½ is the same as this one so hedging is okay.



Good reference, only if derivative contracts were available back then, it would have been easier to have that fundamental play in the price action. Now, there are too many factors, interest parties and rapid blockchain intake, it may beat previous expectations. But no one truly knows for sure.