Quote from: IMZ Noo Account on October 04, 2024, 10:40:07 PM

For the minute, this thread is home base for the IndiaMikeZulu Christmas Bitcoin-Price-Guessing Comp -- but this year, it will run from today to November tenth -- after the U.S. election:

Mmmm shiney $77,843
Polar Bear Stacker $100,000
Barneyrubble $88500
Wiowi $60.321.48

As with anything the best future guesser might be the best past guesser.

Michael Saylor is a brilliant scammer who calculated how much he could use his company to pump bitcoin.

He has cashed out already,

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

so he probably thinks it will drop soon.

He paid an average of 30k u.s. per btc, and that is also where there is a significant usd gap.

Dropping below that would ruin the long term technicals of btc too.

Alternately / most big investors are betting on continued growth in money supply / inflation, https://fred.stlouisfed.org/series/M1SL so it could continue pumping until the underlying cryptography is discredited.