Is it truly now possible that we won't be seeing any large DIPs anymore after Trump's announcement of a Strategic Bitcoin Reserve? Because why would individuals and institutions sell their Bitcoin with the knowledge that there's a probable race between nations in Bitcoin accumulation. One nation like China WON'T allow itself to be behind the United States in participating in this technological marvel. Russia, because of Bitcoin's properties and in their current situation, will need to buy it as well, and better buy it while it's in five digits.
Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!
Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!
Oh gawd Wind_FURY. You are outrageous sometimes.
This sounds like your previous prediction (wasn't that in around early 2021? or did you say that in late 2021?) that bitcoin would never go below $50k again, and how did that play out?
it does not really matter too much whether you said that in early 2021 or in late 2021 because that kind of a statement was a bit too much, and not merely because you ended up being wrong, but because the contents of the statement was putting too much confidence in one BTC price direction and expressing yourself in absolutes... Yes, I know that you cannot help yourself, but still could you at least try a bit MOAR harder? Just for funzies?
I'm merely speaking in hypotheticals, ser. Because if Trump indeed creates a Bitcoin Strategic Fund, and considering the actual nature of Bitcoin - attributed to its design, do you actually believe that Russia and China will simply ignore that? Has Bitcoin no technical merit to become something much larger in the coming decade?
I don't know, but if Trump wins, and his Bitcoin Strategic Reserve actually causes other regions in the world to follow the United States in purchasing Bitcoin, it will not matter what I said in the past.
I think what @JayJuanGee is trying to say is that you shouldn't be certain about your assertions that "there's no need to wait for a DIP anymore" because even if Trump's Bitcoin strategy reserve influence the price of Bitcoin positively and also cause an increase in adoption all over the world since a lot of countries will want to follow the step of the United States but that doesn't mean the price of Bitcoin may not DIP anymore, remember there are many factors that attributes to the price of Bitcoin going up or down. Even if Bitcoin gains full adoption it doesn't mean the price cannot fall again at some time so we shouldn't be too confident that if Trump wins the upcoming United States election and Bitcoin strategic reserves becomes a reality that the price of Bitcoin will not DIP anymore. If you assumes that then possibly you are giving us the impression that Bitcoins price movements is dependent on political influence which is not true.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Quote
About your predictions in the past, @JayJuanGee has already made it clear that he just said it for funzies after all every one of us have made wrong predictions in the past since we only speculate the price of Bitcoin but we can never be certain.
That's alright, it doesn't truly affect my mood, especially not now. Perhaps if Bitcoin actually crashed back to $3,000 I would be very annoyed by the smallest comments. Haha.