Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
I_Anime
on 10/10/2024, 19:57:25 UTC
⭐ Merited by fillippone (1)
It is almost like we should consider those folks as trolls if they are referring to such low probability events without putting reasonable qualifications on the way they are talking about them... as if they do not even know the probability, and just randomly treating low probability events as if they were equally likely to occur as some higher probability event... Even when we start to get below the 200-WMA, which is currently close to $40k, it starts to get unreasonable to even expect those kinds of lower than $40k  prices to happen, even though they might have odds in the 10% to 20% arenas of taking place in the coming months, yet since the 200-WMA continues to move up more than $30 per day, by the time the BTC price goes back below it (perhaps in late 2025 or even into 2026), then it may well be $15k or even $30k higher by the time it is getting tested again.  We cannot exactly know when we are going to have ups and downs or when we go from a bull market to a bear market, even though it still seems that we are currently more likely in a bull market than in a bear market, even though the labelling of what market we are in is a delayed indicator so frequently we will not know that we changed from bull to bear or even from bear to bull until several months after it already happened.

I don't know why one would have to bother himself with something like this ,  sir JayJuanGee you on the right track . This is the kind of mindset that usually affects the market price (negatively) believing that Bitcoin is going to dip to a certain amount, like the range of $10k creating irrelevant panicking in market , that's how most people kept on saying Bitcoin Would crash down to $0 to justify their act of procrastinating or not seeing the bright future of Bitcoin .  The funny thing is that Bitcoin would keep on growing , while they keep procrastinating and speculating rubbish .

One thing for sure is that before the end of this bullrun , Bitcoin ain't going to experience such to $10k rather Bitcoin would be undergoing some up and down corrections until the main surging in price , then after that we can't tell what is going to happen next if it will continue to rise or it would decrease in price and still again we can't tell the price is going to end with after the bullish market.

One thing have learn is that the best way to prepare for both side (increase or decrease in prices) one need to have enough bitcoin stashes in their portfolio. So that they will be in a safer side despite the dip aslong is bitcoin, it would surely bounce back stronger so holding is just the right choice .