Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by somac. (1)
Guess he has realised his price target this month isn't going to be anywhere near close.
18 days to go. don't underestimate the badger!
Oh, I don't underestimate it these days. But to get the price to 98 or 93 or whatever it was he was saying would require a very large inflow of funds. Doesn't seem like we have the FOMO type of inflows for that right now.
FOMO can start instantly and take us to $100k in days. Weren't you here with us during the last two cycles?
Been here since April 2013. But let's not kid ourselves, there is a difference when marketcap is over 1 trillion vs 2 billion. FOMO can and will happen, but a larger marketcap asset like Bitcoin is harder to increase than say a penny stock, or shitcoin.
Those kinds of difficulties in moving up easily is a good thing... which also applies to lack of ease in moving down too and it means that if you look at bitcoin you have way more stability the higher the market cap, but still does not mean that it is too big to be pushed in ways that might be considered as manipulation.. even though I am not wanting to harp too much on manipulation or conspiracy theories because that is ONLY one part of bitcoin..
Bitcoin is 1/10th the marketcap of gold and likely 1,000x the value of gold, so has a ways to get to its potential and beyond since people still do not recognize bitcoin's value and it takes time for such a valuable asset to find its price.. could take 50 years or more? maybe 126 years to figure it out, give or take 6 months?