Why so pessimistic on the price? I'm predicting $120K by year end and that's conservative
Because we're not going to see that kind of price until closer to next halving.
It's contagious.
Even the folks who had been considered longer term bulls coming out with their conservative predictions.
I do remember your posts in 2015/2106 and even into 2017 Torque..... even though you frequently, like to proclaim yourself as an "always knew we were going up" kind of poster, that surely is not been your reserved and pessimistic history - even though I would concede that you have become quite a bit less doomy and gloomy about bitcoin in recent times, yet part of what has continued to bother me is that some of your posts attempt to show you as if you always knew..blah blah blah.. bitcoin going to the moon.. which surely had not been the case in your posting history... .. in other words, not trying to be too arm-chair analytical of you, but your skepticism, reservations and conspiracies about manipulation in other macro-assets have nearly always contributed towards your outrageously negative bitcoin statements including some of the seeming fallacies that you seem to speculate that a lot of the negative manipulative playbook manipulation strategies that have happened in various traditional assets can just be transferred over to bitcoin.. it is like the fallacy that says.. look what they did to gold, they are going to do the same thing to bitcoin.. even though I appreciate that you have come to recognize that some of the gold manipulation tactics are not going to be very easy to carry out in bitcoin and therefore bitcoin is going to continue to have UPpity price tendencies, in spite some of the financial manipulation tools that are coming into play in bitcoin in order to attempt some of those same kinds of manipulation strategies.
Why so pessimistic on the price? I'm predicting $120K by year end and that's conservative
Got to be out of your mind to think about $120k by EO 2022.
Showing your lack of appreciation for what bitcoin is. You are trapped.. and likely to get reckt because of your failure/refusal to adequately prepare for UP.. even if you assert that you are an ongoing baller (in terms of your supposed ongoing trading wins).... in other words, "out of your mind" makes it appear that you might be assigning less than 1% odds to $120k in this calendar year. Or maybe you mean less than 10%.. which surely might still be framed as "out of your mind" but still does not seem to be lined up with the extreme of your language ImThour.
I surely would not put $120k at more than 40% odds for this calendar year, even though
on December 6, I had assigned 44.5% odds of such number having had been reached by this calendar year or by no later than 1st quarter 2023. Perhaps bitcoinPsycho has assigned higher odds than me? perhaps greater than 50/50? I might consider anyone assigning greater than 75% odds to something like that to be a bit looney.. yet sometimes it is a matter of degree (or probability assignments) rather than disagreeing on likely direction.. but just how likely remains another aspect to consider.. how far and how likely.