Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
while i dont see 100k in 2021.
right now today if we matched 2017 we need to be at 78k.
this is base on mining profit.
so I think we could get to 78k by nov 2021.
for me i need 26-30k to be doing well with my mining farm.
right now today if we matched 2017 we need to be at 78k.
this is base on mining profit.
so I think we could get to 78k by nov 2021.
for me i need 26-30k to be doing well with my mining farm.
IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).
Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there
is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL
wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big
deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.
(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'
to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy
what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.
(now, am I gonna get beat up on WO for this post!)
Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to passI'll take the fall on this post then)
Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.
Brad
That's it, Searing turned "bearish". It's all over now, get your ready bags packed, fits hitting the shan!
Get your tissues, whole lot of tears are coming.
Seems that you have NOT been tuning into the WO frequently enough, PoolMinor. In essence, Searing has always been a glass half full kind of guy who has been more than willing to spout out pessimistic views while apparently mostly HODLing through the vast majority of it, while complaining the whole time.
There are worse kinds of bear/bulls or whatever might be the proper label for such a HODLer, as the constantly fearing Searing.
searing had a lot of btc in dec 2017.
I could not convince him to sell even 1 coin. 18000 or 19000 or 18000
And he ended up selling a lot at 3900.
This time around I think he may sell some at 18.
Why would he? It would be the same as selling at 1000 last time around while last time selling at 18-19K made total sense.
I had some corn on exchange, but my target was $28K, so no sell executed at that time.
Yeah, presently probably would not sell at $18k the BTC but 'damn' my 'altcoins/shitcoins' would be flying out the door that is for sure.
ie Simplify= "just BTC"
...
also the sell in 2017 was real world..i'd already retired on crypto so sell some at $3,900 or go back to work for 1 last year..yech
that was not gonna happen ..real life sucks sometimes..anyway so it goes at 18k the forked BTC and altcoins are frigging toast, that is very likely>