Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Poker Player (1)
It is kind of strange that we are staying quite high in the bitcoin history of price locations.. largely staying in the top 20 since about 10/15 with the exception of 10/27.... and hardly any fanfare..
Of course, these remain exciting times. .while many of us do have senses that higher numbers are going to push the top of the chart.. hopefully? Hopefully.. the rest of the year.. maybe into next year would be nice, too... .
It is likely going to take a while to push all the pre-mid April 2021 numbers (or would we say dates) towards the bottom of the chart and off of the chart.. which hopefully does happen in this cycle..... first, second or third quarter of 2022.. though there are quite a few pundits who consider that the end of this cycle will come this calendar year, which could make it more difficult to push some of the earlier 2021 numbers/dates off of the top 100 chart.
Of course, these remain exciting times. .while many of us do have senses that higher numbers are going to push the top of the chart.. hopefully? Hopefully.. the rest of the year.. maybe into next year would be nice, too... .
It is likely going to take a while to push all the pre-mid April 2021 numbers (or would we say dates) towards the bottom of the chart and off of the chart.. which hopefully does happen in this cycle..... first, second or third quarter of 2022.. though there are quite a few pundits who consider that the end of this cycle will come this calendar year, which could make it more difficult to push some of the earlier 2021 numbers/dates off of the top 100 chart.
My gut tells me it is the last play for big mining/asic builders.
They keep it like this due to chip shortages. This will pass soon but I am thinking 2022 Sept-Nov. will be the end of the super cycle.
But what do I know. Not much.
Still stacking AND HOPING YOU are more correct then I am.
@Phillip: I believe that it is better for me to respond in this thread rather than in the "Top 20 (100) days" thread.
You are quite the bear. Of course, I also hope that I am more correct than you.
First of all, you are predicting the end of the supercycle based on a kind of bearish scenario about a kind of death of mining incentives.
Second, you are presuming that mining plays a way large factor in bitcoin price performance than it actually does..
Third, you are probably continuing to underinvest in bitcoin because of your bearish (or lack of bullishness) thesis - which is an error that you admit that you have made in your already 9 years in bitcoin (ongoing failure/refusal to adequately prepare for UP and admitting that you errored in your previous failure/refusal to prepare for UP and continuing to commit the same error... hard to feel sorry for you when you continue to make the same mistake.. even though I do feel a bit bad for how much work you have done related to bitcoin but have continued to fail/refuse to get richie).
So much for the S2F model and its prophet, PlanB. I prefer the proven and confirmed math and science model myself, and that points down.
King daddy no give no shits for what you prefer.... sorry for your loss.
