/biz/ - Business & Finance

>tfw only a 2077 vet
Guess I'll be shifting over to another thread. Lates.

>>24944708
Were it not for the laws of this land, you would have already tasted my shoe!

McAfee was big. he was saying 1 million. others were setting targets like that aswell. it comes with the hype.

>>24944671
bump

>>24944671
bump
this is the most important thing to understand how high we will go. i believe people were calling for 100k. i really think whatever people think we will hit, we will only get to like a third of that at best

>>24944907
Yeah I'm trying to figure out how similar this cycle is going to be to the last.

>>24944907
lets look at 2017. 1k was previous ATH. 20k was new ATH. that's a 20x. so if we're conservative this time around lets say half that, a 10x. that puts BTC at 200k going by previous ATH of 20k. that's if you go by the halving cycle which has proven itself by now. now lets put it into perspective. HUGE companies are scooping up hunderds of millions of dollars worth of BTC weekly. there's only 900 BTC minted a day roughly. last cycle the big guys weren't even in the market. so by scarcity alone this puts us well above 200k. if we ad onto that the fed meme of inflation, well...

It’s going to peak at 100k this cycle. Diminishing returns puts us at a 5x from 20k. With less violent pumps comes less violent crashes. Probably will never go below 50k after peak.

>>24945067
Oh yeah, this is basically correct. Stock to flow bay-bee.

>>24945066
this is the the flimsiest of logic imaginable but holy fuck i hope you're right

this rally feels alot different than 2017. we are spending more time crabbing side ways and letting people accumulate before it moves up again. we are already more weeks into the run than the one it 2017, it went from $1k to $19k in 7 weeks or something crazy. this rally feels more sustainable and real.
how high can it go, who knows from here. but its probably never dipping down to the low lows again we may have our new floor in the low 20's or high teens.

>>24944671
this is more comparable to '17 january if anything, when bitcoin last suprassed the prev ath ($1,000 from '13 dec)
a few people were calling "10k eoy" but everyone called them crazy.

>>24945156
newfag. bitcoin had a slow rally with lotsa crabs from 1k to 4k until august-sept, then a crazy overheated rally from 4k to 20 in the last 3 months

>>24945156#
newfag. bitcoin had a slow rally with lotsa crabs from 1k to 4k from january to august-sept (starting out in '16 but then it was below prev ath all along), then a crazy overheated rally from 4k to 20 in the last 3 months

50k

>>24945156
It took almost a year to get to 1k-20k, but about 4 weeks to get from 7k-19k.

>>24945118
how is it flimsy? genuinley curious

>>24944671
>2917
"marty we have to go back & keep them from bringing the niggers here!"

>>24944671
I don't remember any targets in particular, BTC going above 10k seemed impossible to me, yet half a month later we were nearly 2x higher

>>24945156
So crab until 50-60k then we hit 200-300k?

>>24945387
sorry im not an autist, thats what i meant, have a )you(

>>24945421
My real life can finally begin, if the same events happen this cycle.

>>24945389
You son of a bitch. You know why that logic is flimsy

We're going to be so rich

Fuck I've been thinking about this lately and scraping evidence to validate my schizo mind.

I remeber when btc moved above 1k it was kinda slow to 7-8k before the China fud, these were the most accurate calls a lot of people calling 20k 22k top of the cycle, eventually China fud hit btc retraced panic took hold and everyone shut the fuck up and then boom bitch massive bullrun to 20k during that run to 20k people making 200k calls
100k 1 million.
McAfee, bitcoin craze.
I don't think we are in the mania phase yet, I think mania phase will see people genuinely advocating for btc becoming the reserve currency of the world, 1million btc.
We will get 100m- 200k btc before massive fud and the inevitable bear market that follows