Quote from: pooya87 on August 09, 2021, 09:24:58 AM

Quote from: El duderino_ on August 07, 2021, 09:15:39 AM

I’m just curious that a sudden pump would cause a change of mind or if it’s irrelevant in your predictions….

If it does then the prediction was worthless because when one is speculating about bitcoin price in long term one should not be affected by the short term ~~fluctuations~~ market manipulations. It is like those who were predicting a dump to $1k when out of nowhere price dropped to $3k last year.

The price dropped to $3k last year when ~all financial asset prices were crashing due to panic over covid.

The price of bitcoin hit a low on March 14, 2020, and on March 15, 2020, the Federal Reserve announced it was going to resume QE. The US stock market (QQQ) hit a local loc on March 23, 2020, which is the day the Federal Reserve announced it was going to increase its QE.

Do you really think AMC is worth $17 billion? It is a shrinking company whose market is shrinking, and its valuation is 55 times its last annual profit. Or what about BSV? It has a market cap of >$3 billion, and is a coin that can be 51%'ed for a few hundred grand per day, and has insane technical specs.

I think it is difficult to seriously argue that QE is not causing rampant financial speculation and inflation. Once this excessive QE ends, so will the financial speculation, and financial asset prices will fall.

I am not a troll, and I am a long-term believer in bitcoin. I am not going to disclose my current holdings, however, in the past, I have held both large amounts of bitcoin, and a stake in a major bitcoin-related business that will only succeed if bitcoin succeeds.