Some on WS could be following Bobby Lee's idea: that btc will go to 300K and then to $30K (he mentioned 90% decline from the top) within 2-3 years.
Since when did we start following Bitcoin price sorcerers?
remember how much credibility Vinny Lingham had in about March 2017.. when the price was in about the $1.2k arena and had dipped to $800 area, and then he said that sub $500 was inevitable because many rich folks that he knew were selling blah blah blah.. and anyone who followed Lingham's advice surely should have been regretting any such thing.
If you take it at a face value, there is no point for an investment house to buy in now, then show a 45% decline from here within 3 years.
Makes sense to me that since they do not know the future, they are considering getting in now..
Yes, it would pop up first according to Bobby Lee
Fuck Bobby Lee and the "according to" aspect of your comment.
and pretty much everyone else,
Yes.. a kind of "royal we".. Lingham had proclaimed "everyone" who is anyone is selling too, but ended up saying that at the bottom of the then BTC price correction... and BTC prices never ever to return to those levels after those wise words and the representations about what "everyone" was doing.
but as long as the downside from 300K is 90% the numbers above are not very desirable for a 3-3.5 year hold.
Biodom... recommends: Dont buy bitcoin.. wait for 3 or 3.5 years or so, so you don't miss opportunity costs with your money..
That makes a lot of sense, Biodom.
NOT
Personally, I think that Bobby is wrong and btc trajectory would be different,
Well, at least you recognize that angle.
but it is certainly a possibility (maybe 1-5%).
Yes, a lot of things are possible, and we do not put more than 1% to 5% value into matters with those kinds of probabilities, and gosh are you being generous to go up to 5% with your assignment of probabilities to such scenario that "could, possibly, might happen?"
Normally, one reads all of the text, then responds to the conclusion.
The idea could be presented as thesis, then antithesis, then synthesis.
Check on those concepts. This is reading comprehension 101.
Instead, you are slicing each individual phrase, which makes no sense whatsoever, unless you are either a computer program or you did not receive education pass the elementary school (it is OK if this is the case, you achieved a lot, was right on bitcoin and accumulated wealth, but it would explain many things in your posts).
Additionally, presenting someone's idea, then disagreeing with the idea means that you did not agree with the idea, don't you think?