150k bitcoin predicted by lee,,..1 billion by others!!

Discussion in 'Crypto Assets' started by S2007S, Mar 13, 2024.

  1. 2rosy

    2rosy

    I am an owner and enjoying the ride up but have common sense
     
    #11     Mar 13, 2024
    johnarb likes this.
  2. hilmy83

    hilmy83

    As long NDX correlation is above .8, I don't really care. Hope bitcoin reaches $1 bil
     
    #12     Mar 13, 2024
  3. johnarb

    johnarb

    Common sense says as they keep printing trillions of $ that a scarce asset with limited supply will keep going up

    Infinite supply of fiat currencies = infinite price of bitcoin to the upside

    Read up on the history of the slave beads of Africa (trade beads)

    Even now, the French Congolese Franc, print it, get hard valuable assets in exchange. Modern day slave beads

    US $ modern day slave beads, work for decades, and they print unlimited supply and you retire on fixed income unable to do anything to enjoy the last 10-20 years remaining of your life

    Student loans, 30yr mortages, cc debts, helocs... never ending supply of slaves

    But hey, commons sense is good for the common slave

    No offense
     
    #13     Mar 13, 2024
    NoahA and jbusse like this.
  4. johnarb

    johnarb

    The past month NDX correlation with btc has been broken

    Bitcoin has been marching to a different beat since it's got $500M inflows every trading day from the bitcoin spot etf's and the bonus weekend buyers like MSTR


    upload_2024-3-13_22-32-50.png
     
    #14     Mar 13, 2024
  5. 2rosy

    2rosy

    with those inflows how much bitcoin is taken out of circulation? Becoming less liquid, more volatile. At the end (one left) it becomes an nft
     
    #15     Mar 13, 2024
  6. hilmy83

    hilmy83

    Not really. Market been in step with Bitcoin so far.
     
    #16     Mar 13, 2024
  7. johnarb

    johnarb

    It varies, the dude below provides a daily update

    There will always be sellers as bitcoin goes higher and higher price

    At $10M/btc, each satoshi is 10 cents

    100,000 satoshis for $10k 0.001 btc

    1 btc = 100M satoshis
    1 nft = 1 nft, non-divisible


     
    #17     Mar 13, 2024
    NoahA likes this.
  8. hilmy83

    hilmy83

    CC around 0.85 going back to 2019 (1300 days).

    upload_2024-3-13_10-18-22.png

    If the naz ever crashes and btc stays flat or goes up, then I'll liquidate all my investments and go all in btc.
     
    #18     Mar 13, 2024
  9. johnarb

    johnarb

    I said the past month because of the bitcoin spot etf's and other big buyers
     
    #19     Mar 13, 2024
  10. hilmy83

    hilmy83

    Short term correlation means nothing.

    In one year, we'll go back to this post.
     
    #20     Mar 13, 2024