Post
Topic
Board Bitcoin Discussion
Re: New opinion of PlanB
by
m2017
on 10/01/2024, 15:22:24 UTC
"In 2015, when I bought my first btc at $400, people said bitcoin was dead.
Now people will say, lucky ****ard. Smiley

In 2019, when btc was $4000, I wrote the S2F article, calling for $55k btc. People said I was crazy.
I would still say that this is madness. Smiley

Today, btc is $40k, and S2F model predicts $532k after 2024 halving. People say it is impossible."
Of course it's impossible. Not because it's impossible, but because I just don’t believe that it is possible. Smiley ~$500k is too much for the nearest halving. A more realistic value is something like $100k.

Forecasts are always accurate only on paper, but in practice everything turns out completely differently.


When I see posts like this, I understand that it’s time to sell Bitcoin. Otherwise, I don’t understand who will pay for this holiday of generosity.
Now? Isn't it too early? But it seemed to me that ~$40 was not the limit for the current cycle.

I assume that until the nearest halving there will probably be some drop in the bitcoin's price (unconfirmed forecasts), because growth is not linear, but occurs in waves.