Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Hopium.
My body is ready:
#Bitcoin after the Halving
Aug. 31, 2020
111 days after the 3rd halving.
#BTC at $11,732.
Looking solid 👇
https://twitter.com/ecoinometrics/status/1300448468377378816?s=21
Confidence bands based on past halvings.
I am happy with this slight underperformance, diminishing returns, I am ok with that.
My body is ready:
Quote
#Bitcoin after the Halving
Aug. 31, 2020
111 days after the 3rd halving.
#BTC at $11,732.
Looking solid 👇
https://twitter.com/ecoinometrics/status/1300448468377378816?s=21
Confidence bands based on past halvings.
I am happy with this slight underperformance, diminishing returns, I am ok with that.
It's unlikely we will see growth the same as the past halvings. I think ~3-5x the prior ATH (so 60-100k) is a reasonable peak this time around.
In terms of market cap, i'd disagree. And then there's that thing about scarcity.
Acceptance is the key here. Derivatives might actually help, while slowing down market cap growth in the beginning.