And this is the other cancer of Bitcoin, stupid people predicting ridiculous prices.
My 140k forecast for this cycle still stands, and is quite optimistic.
What's backing me up? 26 years of looking at charts to invest.
It's easy to spot charlatans on both sides of the spectrum.
If you want to see realistic prices, look at the bottom of the power law model.
I agree. 150-200k. But also believe in the cycles (adoption). So the next one will come.
That would mean no fomo, no blow off top, just a fizzle out from a gradual climb. 140 is not much further. It seems if that’s the case arriving at 140 wouldn’t trigger much of a sell off as there’s little retail interest right now, seems more institutional and unless there’s a black Swan that causes panic what triggers the sell off ?
i agree the guy is a total fucktard and actually dont care what bitcoin does but also wondering if your rationale of 26 years of investment history is applying old paradigms to a new model. anyway. who cares what i think. i dont!
Why so bearish?
FASB update
SAB 121 repeal
In kind redemptions of ibit
State adoption
I just watched a taxi pay for gas with Lightning in Thailand.
Recipe for 140k?
In Canada we blew from 100k to 150k so fast it will happen down there too.
Easy 1m.
But really Bitcoin is worth infinity.
