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. ...LFC.. and likely a few other purported longer term BTC bulls expressing similar sentiments regarding our likelihood for flat or down all the way through this calendar year, perhaps most of next calendar year too and into early 2024.. It's almost as BIG as a holy fuck (or is it sheeeeit) that we can be considering that king daddy is somehow constrained by calendar years and 4-year fractals and nonsense timing frameworks like that when the top for this cycle that we are currently in has been manipulated to fuck, and most likely delayed (postponed) rather than cancelled... but hey, think what you like.
You mean that I should be intently listening to the same clowns that were sooo like "Bitcoin is gonna be over $200K by Dec 2021!!!! Because PlanB said so!!! His data is irrefutable!!!" ?
That crowd?
No thanks JJG.
I know the kind of fuck ton of real fiat $$$ it would take to get from where we are current at, to > $100k STABLE PRICE. And I can tell you that, we're just not seeing it rn.
Moving above 100k and staying there is easy.
about 1.5 trillion gets us there for good.
that is not a lot of money.
200k would be harder for this year.
I see no reason that getting above 100k and staying there is hard.
But I am not sure the big players have that in mind.
If they want 100k plus this year and no drop under 100k it is done in the blink of an eye 👁.