Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Someone being "bitcoin whimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while.
One the other hand, 'front-running' the whimp could be sweet too
One the other hand, 'front-running' the whimp could be sweet too
In order for gold parity to come I believe the gold market will tank real hard so when it happens the market cap of gold will have reduced massively, like 50% for example.
Due to this it will happen far quicker than anyone realises as gold races down in price while Bitcoin rises at the same time as people pull money out of gold and put it into Bitcoin.
At some point they will meet somewhere in the middle and it will be way lower than half a million a coin.
I'm going to name this 'The Bitcoin/Gold Cross' - when it crosses the gold market cap....
It very well might happen and btc and gold 'meet' each other at, say, btc 250K instead of ~500K.
If that happens, though, i don't think that btc will stop there
