Post
Topic
Board Speculation
Merits 2 from 1 user
Re: btc price seeking levels
by
JayJuanGee
on 26/05/2021, 20:56:53 UTC
⭐ Merited by LFC_Bitcoin (2)


Better than my guess for the contest:

69,820  MishaMuc
70,000  philipma1957
70,500  Slot Kid
71,500  fillippone
72,239  cAPSLOCK*
72,400  Phil_S
72,555  OutOfMemory

What if the price is $ 72,401?
Would Phil_S win, because his guess is more close or would i win, because the price would be over Phil_S's guess?




Maybe  Grin
I'm definitely not normal, but in a good way  Cheesy

Hahahahaha

I sent the dude a merit.. mostly because he avoided answering your question OOM, but probably since you are not repeating the question OOM, you probably understood the meaning of his non-answer to serve as a kind of comprehensible answer.

@JJG

Ok, firstly I want to make a disclaimer that this is all opinion, predictions, effectively outta my ass.

Should go without saying (almost)...

We trade in a relatively boring range until late July - early August where we make a new ATH. Maybe we run to $95,000 or something, basically a failed attempt at $100,000. We correct AGAIN in August or September, a soul crushing 30% dip again.

Fair enough.

Q4 we start to fucking moon, I think we break $200,000.

In my humble bumble opinion, mere breaking of $200k and the implication that the BTC price might ONLY end up a wee bit more than 2x above the $95-$100k resistance seems to be like the wrong application of the term "moon"

Kind of whimpy, in other words.. not asserting that the BTC price will necessarily go much further than that, but I am having some diffculties considering that as "moon" exactly, even if with $200k-ish we still likely would be approaching 50x (47.5x to be more precise) above what I would consider to be our base starting off point for this run (of around $4,200 in April 2019)...   but yeah, you could be correct about a bit of a petering out of the last stage of the blow-off top, even though historically our blow off tops have tended to have more BIGGER unstainability towards the end of them.. which could cause your vision, here, to be a bit too conservative.

Lambos, hookers, blow everywhere. A couple of WO’s have cocaine induced heart attacks, mindrust jumps into the Grand Canyon, r0ach reveals himself as the biggest whale on bitcointalk, Bob buys an island,

I might be coming off as too critical because I am tending to consider these movements from well-off, to entry level richie to dirty stinky richie to necessitate more than 3-4x returns.  I might be criticizing you for seeming to get caught up on the pure numbers in which $200k plus seems like a lot but if we had already reached $64,895, then we  are only 3x from $200k  ... and we had already had 5x to 6.5x in less than a year that got us from around $10k to $64,895... so what is another 3x?  price increase for ants?   

Anyhow, fine, I should not be nitpicking too much because I do appreciate that if you have 5x to 6.5x and then you add (multiply really) that to 3x to 4x then you do end up getting 15x to 26x, and that is if we are merely starting from $10k-ish.. and we end up getting even larger numbers if we start from our $4,200 starting point which your starting point of the getting above is approaching 47.5x to 50x.. as I had already appreciated including that it could be reasonable because we have had some of the lessening of the exponential periods if we consider 2013 to have ended up with a rise of 116x  (from $10 to $1,163) and 2017 to have ended up with a 78.5x rise (from $250 to $19,666).  Accordingly, even though I am getting on your case for how this might play out, 47.5x to 50x could be a reasonable downgrade of exponential UPpity and going along with a theory that BTC has become less volatile with each cycle.   

we all live happily ever after.

THE END.

Happy endings are all fine and dandy, but you still did not even mention whether you had said "hi" to the blindmayor from the rest of us.   Roll Eyes Roll Eyes