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Showing 11 of 11 results by FightThePower
The pi cycle top indicator just crossed. Is this the top of this cycle? If BTC topped out now it would invalidate S2F alongside every other long term trend. This would be BTCs weakest post halving bull run in history so far.
How serious do you think we should be taking the pi cycle top indicator? False signal? Or are we really topping out with a mere 150% increase from prior ATH
How serious do you think we should be taking the pi cycle top indicator? False signal? Or are we really topping out with a mere 150% increase from prior ATH
If there will be a sudden increase regarding the rate of the price's movement, things could be easily concluded. But the thing here is that, anytime the market could again collapse. I think the new ATH will not be reached this year, and the highest market value, if ever the increase would be continuous, will play around $16,000-18,000. If we would observe the behavior, consistency is lacking, which is in the first place, a normal thing especially if it is a crypto's market value that we are talking about.
I hope nothing worse would happen for the rest of the year because it may trigger a crash especially if it is the economies of different countries which are concerned. My expectations are not that high, maybe because we had our hopes up before whenever an increase is being observed. Just a matter of being realistic.
I hope nothing worse would happen for the rest of the year because it may trigger a crash especially if it is the economies of different countries which are concerned. My expectations are not that high, maybe because we had our hopes up before whenever an increase is being observed. Just a matter of being realistic.
Are you saying you don't believe bitcoin will ever reach beyond 20k again? Or just this year?
I'm 32 I bought bitcoin because I hope in 10 to 15 years I can retire in my 40s.
The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s
Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.
Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.
That's my hope
The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s
Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.
Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.
That's my hope
So you bought 1 Bitcoin and hope that you'll be able to retire on it?
I hope you'll succeed but I wouldn't bet on it. I hope you'll have some other retirement funds to lean on because it will be difficult for Bitcoin to reach the levels some bulls are predicting like 200 thousand dollars or 1 million. 50 thousand is probable but is it enough for retirement?
Not entirely, I have fiat savings and other crypto too not just relying on bitcoin. But just think if bitcoin gained mass adoption and become a mainstream way of saving in the next 10 to 15 years.
Compare it to the Internet in 1995 probably less than 10% of people in 1st world countries had it or had even heard of it by 2005 the inverse was true.
Imagine a similar scenario for crypto I mean just look at milenials and younger generations they'd rather invest crypto than shares and commodities. Eventually shares stocks and bonds may lose dominance and have to share the space with crypto.
I'm 32 I bought bitcoin because I hope in 10 to 15 years I can retire in my 40s.
The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s
Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.
Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.
That's my hope
The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s
Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.
Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.
That's my hope
What are peoples thoughts on the effect of flooding in China.
that there is no flood (yet)
The three Gorges dam has been failing to hold back the monsoon season and threatening to flood major Chinese mining operations.
1. Many (if not all) miners moved from China, due to government threats to the industry
2. Three Gorges dam is the subject of stories about it being weak or failing
Please write a new thread when something actually happens, your thread is basically:
"Someone said something about something that hasn't happened, and it wouldn't matter even if it did"
What are peoples thoughts and expectations on the next ATH. Obviously impossible to predict I'm just curious to hear what others expect. Some have made the point that the trough to peak has reduced 20%-30% although there could be other factors this time round that push the price higher
Will the economic fallout from covid create a perfect storm?
Will more adoption be significant
Institutional interest
What are peoples thoughts and expectations
Will the economic fallout from covid create a perfect storm?
Will more adoption be significant
Institutional interest
What are peoples thoughts and expectations
What are peoples thoughts on the effect of flooding in China. The three Gorges dam has been failing to hold back the monsoon season and threatening to flood major Chinese mining operations.
What are peoples thoughts on the effect on the price should there be major distribution to the miners?
What are peoples thoughts on the effect on the price should there be major distribution to the miners?
What are your thoughts?
I have only one question after reading your OP / post. For how many years you are holding your BTC?
4 years. Let me explain my rationale for believing BTC is done. The corona crisis has demonstrated BTC is Not the digital gold many have been praising it to be.
Now that the gold 2.0 story is over what other value/reason is there for anyone let alone institutions to invest in BTC?
I believe its failure to endure this crisis has started a trend to 0 and ended dreams of mass adoption for good.
Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different
Well, if that's your final decision then so be it. Who are we to stop you anyway? I just hope you won't regret this after looking on btc booming in the future. I wonder why you lose hope and have negative feelings suddenly. I presume you are btc investor for a quite a long time already so why backing out now? 
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.
Uh uh uh 
, not that fast my friend. Okay let's assume that btc will fall that hard in the future (though for me it's slightly impossible), I don't think it will happen within a year. The worst bloodbath I saw was on 2017 and yet btc survived, then what more during these times? After reading many posts on this site it seems this place is very cult like with everyone believing bitcoin is king regardless of real world events no one dare Critic the dear leader BTC. People here will be still claiming BTC is bullish and mass adoption is any time now even as it trades for 10 cent per coin 😂🤣
Also would be good if people actually read my OP rather than just claim I'm a get rich quick newbie. I said I believed mass adoption would happen in 10 to 20 years how is this get rich quick thinking?
looks like I was correct BTC is absolutely finished it's digital currency narrative went away years ago and now with markets in turmoil its digital gold narrative has evaporated too. What's left? What reason is there for mass adoption or any new comers to join BTC? No institutional money will ever come in now. BTC is on a trend to zero. It will NEVER trade above 9k ever again
Coronavirus is the 1st true global catastrophe BTC faced many thought BTC would soar in such times but it failed spectacularly
Guys, thanks for the opinions one thing I'd like to clarify is I'm not chasing instant wealth my post even said 10 to 20 years from now. I did believe that a full BTC would likley unobtainable by regular people in 10 to 20 years due to price.
I'm not concerned with big correction in the past 4 years I just feel this one is different. Why? Because The outbreak will probably cause a huge financial collapse like 2008 and BTC isn't holding value at this point. This will kill chances of further adoption pushing down price more and so on like a positive feedback loop. People will no longer see BTC as having value. They see trump and others bash BTC and then they see BTC spectacular fall and go back to gold, metals etc. In short I feel the coming crisis has exposed that BTC isn't gold 2.0
I never bought at the peak either I've dollar cost averaging for 4 years
I'm not concerned with big correction in the past 4 years I just feel this one is different. Why? Because The outbreak will probably cause a huge financial collapse like 2008 and BTC isn't holding value at this point. This will kill chances of further adoption pushing down price more and so on like a positive feedback loop. People will no longer see BTC as having value. They see trump and others bash BTC and then they see BTC spectacular fall and go back to gold, metals etc. In short I feel the coming crisis has exposed that BTC isn't gold 2.0
I never bought at the peak either I've dollar cost averaging for 4 years
Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different
I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?
I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?