Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is our time
Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.
This is what we've been expecting since the early 2010's. We fucking did it!
Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.
This is what we've been expecting since the early 2010's. We fucking did it!
no not yet but close.
once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.
The 2001 to 2008 DowJones was all bull a 7 year run. I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.
I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.
And space mined gold is simply a far more common useful metal.
"no not yet but close.
once we crest over 100k and simply stay there"
You make little sense. I'm talking about fundamentals and the institutional stampede that is happening right now and you're countering me with some magical number that "you" think will bring maturity to the market. Huh ?
Case in point show me any stock that has done the rise in value that bitcoin has done since 2009 to 2021. The answer is no such comparable exists. Thus all fundamentals you are using are wrongly applied.
Since no stock has behaved in the pattern of btc.
But I realize that much like a horse and buggy owner apply your fundamentals if they make you feel safe from the horseless carriages.
WE ARE ENTERING A NEW AGE. We simply are not quite there yet.
I DO SEE why me picking a flat number like 100k can upset you.
So the new floor we be 100 k the bull run has more then 6 to 9 months left. We will peak near 160k and slowly retreat back close to 100k. At this point there will be a lone sideways action. IT will end when Musk and NASA Tell us about gold mining.
Asteroid gold mining will alter gold to a different status. As it will allow for 100 year or more batteries. Solar will take over bigly as the battery replacement issue for true off grid will be gone. Btc mining will be the primary force behind cheaper energy.
The industry will mature and flat line. The next plateau is the 100-160 range. The eventual plateau is 750k in today's dollars. That is about 20 years to 30 years from now.
Do yourself a favor and do not try using fundamentals to predict btc price levels.
And do not knock magical thinking when it comes to BTC