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It would be super funny if we had reached cycle highs and are at this price for years 😂.

But the laws of thermodynamics cannot be violated.

The price will end up rising, every day the world needs more Fiat, every day all Fiat currencies devalue more, every day all products go up in price, and that includes #Bitcoin.

dshf 1y ago

Qouls be dunny AF but I agree it is not likely to happen. I also wonder if we are about to revisit 58k in 3 years when this cycle bottoms again? Maybe ETFs + options on them will not allow such drawdowns?

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Discussion

Cyph3rp9nk 1y ago

I believe that the cycle will be fulfilled again, because people do not expect it 😂.

The maximum will be more shy of the forecasts that go around giving, I think around 100k/120k at most 140k and then down to 58k 😂.

GLACA 10mo ago

Clearly we see that 58K is quite possible. The State adoption that so many applauded also brings price nuking and suppression as they need the corn cheap.

wolfpy 10mo ago

I was hoping for 180k 🥲

88de21f4... 1y ago

I thought about this today myself. Will (if there is) an 80% draw down after the bull into the next bear be the 58K Gang bottom?

neutron 1y ago

We need 58k. It feels like home.

dshf 1y ago

C’mon 58gang, where are you when we need you?