Quote from: JayJuanGee on Today at 01:04:49 AM

Quote from: philipma1957 on November 20, 2020, 05:45:27 PM

Quote from: JayJuanGee on November 20, 2020, 05:37:53 PM

Quote from: El duderino_ on November 20, 2020, 11:41:36 AM

Where that fear and greed update??

Hahahahaha

Fuck that shit.

Remember last week, or was it a couple of weeks ago, there were quite a few folks in here vociferously proclaiming that a correction was imminent based on such fear/greed index showing "too greedy" blah blah blah..

25k to 30k = July 2019 price of 13k for a miner's profits

Just saying we are not there yet. To me we correct in the 25k to 30x range Jan-feb 2021

78k = dec 2017 price of 19.9k for a miner's profits

and at least pass 50k in fall of 2021.

Personally, I doubt that whether miners are profitable or not, or the extent of their profitability indicates where bitcoin is likely to go, even though I agree with you that some kind of decently sized correction could happen in the $25k to $30k range. Part of the difficulty that we are having here is that BTC prices pretty much shot up from around $10k in early September to our present prices that are almost hitting $19k... and we have not had any kind of meaningful correction during that whole time.. so we have entered into the deadman's zone of $17,250 to $23,500-ish without any meaningful correction - which could end up throwing a monkey wrench into what would have otherwise been expected pass through behaviors within deadman's zone...

So, there you have it.. a kind of strange situation that continues to present UPpity dynamics, even though a downward correction is somewhat justified, too... but such downward correction dynamics does not seem to be as strong, currently, as the seeming need to visit ATH territories in the coming days.. maybe even hours, at the rate we have been going in the past couple of days.

Yea, I agree that we don't have to exactly match 2017 miner profits, although it would have been quite nice if we do.
Still, unless bigger institutional FOMO materializes, it is quite possible that we would dip at around ATH and not later (at 23-25K).
However, if we are in a hockey stick followed by hyperbitcoinization, much higher prices are possible.
Regarding everybody posting how much various items are now worth-there was a simple remedy available: replace sold btc with new btc bought for fiat the instant you sold "prior" btc. In this situation, the amount that you paid in btc becomes irrelevant, unless you consider that you would have had more (but you really would not since you only bought btc as a replacement).