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.
Resistance futile
Supply is diminishing
FOMO then we moon
When the supply of resistance coins gets gobbled, the price just goes bananas. There is no reasonable number. FOMO is not reasonable. My expectations: 50k will be akin to 2017's ~4k. Woohoo, sideways/down, then off again to moon. :rollercoaster.gif