Yeah, like everyone before you. All hindsight analysts. Anyway, 100K is in the cards for Bitcoin. But what will happen after that is anyone's guess. We could easily slide back down to 70K IMO.
What am I talking about? Here's what you posted in my Crypto Winter thread. And this is the chart that you posted So what am I talking about??? WHAT I AM TALKING ABOUT IS THAT YOUR POSTS (AKA PREDICTIONS) ARE INCOHERENT. YOU SAY ONE THING HERE AND SOMETHING ALTOGETHER DIFFERENT ELSEWHERE AND THEN YOU TAKE CREDIT FOR ONE OF THEM. Don't be a douchebag.
That was a dumbed down chart because you (day traders) don't understand EW lol...do you really think charts move like that? I was the only poster here or maybe one other guy who was calling for 60k plus bitcoin during the ftx scandal...everyone can jump on the bandwagon during a bull run and call out numbers....true TA is predicting a move months before it happens. You guys never look up from the 5M chart so you have no clue about TA. True technical analysis isn't 60/40 or hope you lose less than you win. True TA is 100%. I was 100% sure bitcoin would rally early 2024 months before it happened.
Let's see how well bitcoin holds uo...back below 70k Don't be surprised if it drops 20k and equities take a 5 to 8% correction. Will be quite a show since everyone has been so used to marketers only going up for 5 straight months!!
I spoke too soon!!!! https://www.cnbc.com/2024/03/19/japan-pension-fund-explores-bitcoin-as-an-investment.html
it didn't make sense to me; how is it possible that so many stupid people can be making so much money in crypto.... But then if you look at it as a literal ponzi scheme, it makes a lot of sense. In ponzi schemes a lot of people make a lot of money, encouraging more participants to join. And then at some point it all collapses and the majority is left with NOTHING. What's different in this case? Yeah cryptocurrencies have some technological utility, but WHAT IF Tether is a ponzi scheme that has marked up the prices of these currencies? Then all the prices are basically fugazy and it will eventually all implode. It's genius con in a sense that it's an obfuscated ponzi scheme which can fool even the saviest investors and many smart people. Bitcoin and cryptocurrencies might not be ponzi schemes, but their prices could be. Makes sense that many are making money, but eventually it will collapse and go to "zero". If you don't get out in time, you will be left with nothing. If tether can print at will, yeah it could go to 80k, 100k$, who knows. But at some point it will get unsustainable. I think it's possible we have already peaked and topped, but it is just as likely it goes higher (if they print more tethers).
That makes no sense at all. Ponzi scheme lol...tell us you missed out on Bitcoin without telling us you missed out in Bitcoin.