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Topic: back in 2015 we had a nice pre 1/2 ing streak. (Read 782 times)

legendary
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January 22, 2024, 03:37:47 PM
#66
so do we continue in a 40-50k slot till 1/2 ing I think we do.

I've seen here and there ideas that we may go to 30k-40k or even lower, but I personally think that they're overly pessimistic and don't take correctly into account the money inflow via ETF.
I see the 40k-50k a good range, although it may not be kept all the time (going off in both direction).

I've seen an interesting post that I feel it goes here.

legendary
Activity: 4326
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'The right to privacy matters'
we did get to 48.9k

well lets see the next few months.
Are you saying that we are waiting for two months of decline before prices stabilize before bitcoin halving, exactly as happened in 2014? If this happens, it is closer to a 50% correction, which may take us back to 28k ~ 32k. If this happens, it will be bad for everyone who bet that the price will rise with ETFs.


not saying this at all.
match us to 2016  not 2014

and we do have the Etf factor
the ordinal factor
the lower penalty for a huge mine to lower hash rate and raise in within a 2 week period to drive fees up.

so do we continue in a 40-50k slot till 1/2 ing I think we do.
hero member
Activity: 896
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Leading Crypto Sports Betting & Casino Platform
we did get to 48.9k

well lets see the next few months.
Are you saying that we are waiting for two months of decline before prices stabilize before bitcoin halving, exactly as happened in 2014? If this happens, it is closer to a 50% correction, which may take us back to 28k ~ 32k. If this happens, it will be bad for everyone who bet that the price will rise with ETFs.
This is an asset, anything can happen in its market, which calls for caution and for us not to be too trusting about anything. We shouldn't, not for a pattern, not for a history and not even your most trusted ideas, they can all fail because the market is dynamic, surprising and it is not centralised, it is only being participated by many and will decide haphazardly at times to the dismay of people. Bitcoin started well more than a decade ago and had a very good positive pattern and history that made it move in multiples to the extent that people were astonished, but as we progress now, I believe that we will see some kind of shift of actions, in which Bitcoin might disappoint a lot of people, so we should get set for it.

The first surprise which is a deviation from what usually happens was when the market moved strongly upward due to ETF news and headlines, and you think this can't have a lasting issue on the coin over time? As harmless as it might seem, it might alter a lot since halving was what people always knew to cause huge impacts like that but another thing had caused it, it could cause a twist in the market psychology which many might not be prepared for. Although I do not know if the present decline can persist, but the fact remains that we are in the short-term bear market, and it may escalate more than how we expect it. So, the OP could be right or wrong, after all, we are only speculating. Nonetheless, with what I see now, Bitcoin might hit $40,243, if not $40,000. A break of those levels could be catastrophic for the coin. And of course, we should know that the ETF optimism has been dashed when it comes to the price response to it, we should just accept it and continue to work with the market as we see it live.
legendary
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We are not even at half of the month and a lot of things can happen. This may be a pretty much expected bear trap, but somewhat oddly placed (I expected it before the ETF announcements).
I would give it some time - until the end of this month - before getting a conclusion. If the price still goes downwards it's a nice opportunity to buy, if it starts going up... it may go fast!
The chance to end the month still on a positive trend is pretty good.
legendary
Activity: 3892
Merit: 4331
Nice thread you got going here, @philipma1957!

Looking back at 2017, I have no idea why it was so bullish, especially after April or so: 20X in 8-9 mo.
One possibility is that bitcoin did not succumb to "corporate" interests and did not (in the main branch) implement the much bigger blocks. There was a fork, but a clear majority went against people like Circle/Coinbase/Bitmain. This reinforced bitcoin "independence" and probably caused an increase in perceived value.

Looking at now: exactly the opposite had happened. Bitcoin is now a part of the tradfi system through which we should expect larger money flows, in eventuality.
This suggests, that instead of acceleration, bitcoin price curve would decelerate, in my opinion, to maybe 30% or at the absolute maximum, 40% a year (on average).
30% in 5 years from the $49K local maximum would mean about $181K by Jan 2029 (market cap of roughly 3.8 tril).
40% would mean about $263K (total market cap roughly 5.5 tril or 46% of gold).
I don't see 500K in 2025, but I did not see 20K in 2017 either  Cheesy

EDIT: btw, gold did about 5X in 7 years after the ETF approval. As bitcoin is "faster", it can do the same 5X in less than 7, so a 5 years "number" seems reasonable to me. 7 years (in Jan 2031) is the longest time for bitcoin to 5X to about 240-250K that I can envision.
hero member
Activity: 630
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we did get to 48.9k

well lets see the next few months.
Are you saying that we are waiting for two months of decline before prices stabilize before bitcoin halving, exactly as happened in 2014? If this happens, it is closer to a 50% correction, which may take us back to 28k ~ 32k. If this happens, it will be bad for everyone who bet that the price will rise with ETFs.
sr. member
Activity: 1666
Merit: 426
we did get to 48.9k

well lets see the next few months.
I hope that we'll be getting news that will drive the prices down more because I don't want to buy bitcoin at this price right now and it's a pain for me to let my fiat stay like that, my DCA doesn't cut it anymore because the money that I'm getting from my salary is just continuously coming in, the bills are paid and the necessities are all good but the leftover money is just sitting there menacingly tempting me to spend on stuff that I don't need.
legendary
Activity: 4326
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'The right to privacy matters'
we did get to 48.9k

well lets see the next few months.
legendary
Activity: 4326
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'The right to privacy matters'
2015 Sept up 2.82%
2015 Oct.  up 31.92%
2015 Nov  up  21.44%
2015 Dec  up  13.75%

here we are 8 years later

2023 Sept 3.95%
2023 Oct 28.51%
2023 Nov ?
2023 Dec ?


I looked at the post below to come up with my 2015 to 2023 comparison.

will we repeat this?

It's funny to see that October is the most successful month for Bitcoin. This has probably already become firmly anchored in people's minds, so that all market participants act accordingly. A self-fulfilling prophecy in that sense.
Yes, this October was no exception and bitcoin didn't just rise, it broke resistance that couldn't be broken all of 2023. But I doubt about the psychology that it happened naturally, September was also green, although it was almost always red.
Naturally or not, initially it was the effect of Cointelegraph giving invalid news about ETF acceptance that FOMO occurred and many bought Bitcoin at this time so that it broke the $30k resistance, then indeed dumped after the news was not true.
But the next effect is like a snowball that makes market conditions better and until now it is able to hold at $34k + +.

October was a green month and we are about to enter November which in the last 2 years has always shown a drastic decline.
Will the trend change?
we will see.





If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1
42350 x 1.1375 = 48173 by jan 1.

opinons and guesses?

So we got to 42.3k a few days late. around dec 4

do we go to 48.1k 8 or 9 days late. we did top 47.1k today.
hero member
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It is back up due to good fed news also the market went to a new ATH .  So we may yet get to my predicted 48k+

If this is due to FED then we expect Bitcoin to go further up in 2024 as FED signals three cuts in 2024. Further decline in interest rate will boost investment options like Bitcoin or stock market. We have halving also coming up, so chances are we see some huge surge in Bitcoin price next year.
legendary
Activity: 4326
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'The right to privacy matters'
I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day

Continues pump is very rare in cryptocurrency market and it cannot subsist up until halving and slight dump will surely take place. You will have experience that bitcoin hit the value of 44k$ after which it slightly reduces to 43k$ and now it is 41k$ which means that market is facing slight dump.

This dump is not a serious situation but it is going to ready for big pump in coming year. This year the bitcoin will touch 45k$ and we will examine different worth from upper value to lower value till April which means that market cannot stand with a single value always.
After pumping, there will be a correction and that has often happened in the past. So when the price yesterday pumped up to $44k, now it is correction time and this is a small correction. The current price is still at $41k but is increasing little by little. Maybe after this, there will be another pump.

That's why we must always be prepared for whatever happens. And because we are at the end of the year, there may be a rather big correction. But hopefully, at the end of the year, there will be a surprise regarding the price increase.

Hopefully, by the end of the year, Bitcoin's price can touch above $45k, although we don't know if that will actually happen or if there will be a dump like yesterday. But after the halving, there will be an increase in the price of Bitcoin. Maybe later there will be a long rally that we have been waiting for.

It is back up due to good fed news also the market went to a new ATH .  So we may yet get to my predicted 48k+
hero member
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I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day

Continues pump is very rare in cryptocurrency market and it cannot subsist up until halving and slight dump will surely take place. You will have experience that bitcoin hit the value of 44k$ after which it slightly reduces to 43k$ and now it is 41k$ which means that market is facing slight dump.

This dump is not a serious situation but it is going to ready for big pump in coming year. This year the bitcoin will touch 45k$ and we will examine different worth from upper value to lower value till April which means that market cannot stand with a single value always.
After pumping, there will be a correction and that has often happened in the past. So when the price yesterday pumped up to $44k, now it is correction time and this is a small correction. The current price is still at $41k but is increasing little by little. Maybe after this, there will be another pump.

That's why we must always be prepared for whatever happens. And because we are at the end of the year, there may be a rather big correction. But hopefully, at the end of the year, there will be a surprise regarding the price increase.

Hopefully, by the end of the year, Bitcoin's price can touch above $45k, although we don't know if that will actually happen or if there will be a dump like yesterday. But after the halving, there will be an increase in the price of Bitcoin. Maybe later there will be a long rally that we have been waiting for.
sr. member
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I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day

Continues pump is very rare in cryptocurrency market and it cannot subsist up until halving and slight dump will surely take place. You will have experience that bitcoin hit the value of 44k$ after which it slightly reduces to 43k$ and now it is 41k$ which means that market is facing slight dump.

This dump is not a serious situation but it is going to ready for big pump in coming year. This year the bitcoin will touch 45k$ and we will examine different worth from upper value to lower value till April which means that market cannot stand with a single value always.
legendary
Activity: 2576
Merit: 1655
I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day

Well we got close to 45k.

then dropped.

time will tell.

Yes, that's also another scenario that after hitting $45k then we might see some corrections. But so far price has a support at $43k-$44k. So we will see what is going to be the top of this bullish wave that we are seeing.

So there is a potential to reach $48k as you have predicted, or go on correction, at least in the $40k'ish.

Either case this year is really good for us and we no longer have any black swan events like last year.
sr. member
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I think when it comes to comparing historical norms, this cycle is going to be more than most people are expecting just because of the FTX fraud and how it depressed market prices for Bitcoin artificially. The true extent of this won’t probably be realized until 2025, but I think it’s likely to show up in larger than expected gains the entire way there.


Currently we have gone through quite serious issues such as CZ's withdrawal due to allegations made by the SEC, but we see that the market is responding stably and unlike before, if there was bad news, Bitcoin would immediately go down and vice versa.
Is it possible that there are so many people buying bitcoin that a party can use the fud and fomo strategy like before?
legendary
Activity: 4326
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'The right to privacy matters'
I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day

Well we got close to 45k.

then dropped.

time will tell.
full member
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I would be really happy for it continue these small pumps, then stabilising for a bit then going up again. Feels like resistance is being built for the future. I do wonder too have miners stopped selling and are hoarding a bit before the halving. 48k by Mar tho Phil sounds more realistic , but who knows maybe 3/15 might be a better day
legendary
Activity: 4326
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'The right to privacy matters'
We can only speculate about that, although only then we will see how much BTC was actually lost in the first years, but I still think that there are a lot more than 1 million BTC that may be waiting for the right moment to enter the market if we take into account the speculation that Satoshi mined around 1 million BTC by himself. Also, in the first reward era, the reward was 50 BTC per block, which means that 50% of all BTC was mined in the first 4 years.

Of course, we should not doubt that these long-term holders are not intelligent people who will not exclusively use CEX, but will look for some other methods such as OTC or DEX in order to prevent the influence on the price.
I do not think that there are that many coins that are waiting to enter the market, it just doesn't feel like a million would be realistic approach. Plus, the market is already accumulating a lot, there are just companies with thousands and thousands of bitcoins, and they may enter the market if they want to, but we all know that it is not going to end up with something that could change it in the end.

Hopefully, it could reach to a point where we could see something that could change things in the end. I believe that we could end up with a situation that could be a lot more important on the long run, and at this moment we are looking at something that won't be changing anytime soon when we reach that higher price. I get that some people do expect it to change a lot, but I bet that it won't have that type of drastic change all that quickly, we could see some drops here and there but the increases will be a lot more common if you ask me for sure.

From the open post

"If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1.       close as  we were around 38.8 k on the first and now  39.5k

42350 x 1.1375 = 48173 by jan 1."

opinons and guesses?
We are close to my opening post
legendary
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We can only speculate about that, although only then we will see how much BTC was actually lost in the first years, but I still think that there are a lot more than 1 million BTC that may be waiting for the right moment to enter the market if we take into account the speculation that Satoshi mined around 1 million BTC by himself. Also, in the first reward era, the reward was 50 BTC per block, which means that 50% of all BTC was mined in the first 4 years.

Of course, we should not doubt that these long-term holders are not intelligent people who will not exclusively use CEX, but will look for some other methods such as OTC or DEX in order to prevent the influence on the price.
I do not think that there are that many coins that are waiting to enter the market, it just doesn't feel like a million would be realistic approach. Plus, the market is already accumulating a lot, there are just companies with thousands and thousands of bitcoins, and they may enter the market if they want to, but we all know that it is not going to end up with something that could change it in the end.

Hopefully, it could reach to a point where we could see something that could change things in the end. I believe that we could end up with a situation that could be a lot more important on the long run, and at this moment we are looking at something that won't be changing anytime soon when we reach that higher price. I get that some people do expect it to change a lot, but I bet that it won't have that type of drastic change all that quickly, we could see some drops here and there but the increases will be a lot more common if you ask me for sure.
STT
legendary
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OBV indicator shows volume has been enough recently for us to continue upwards however we can still see that most of the trade volume was at the beginning of this move above 30k.   To check back properly on that with a pullback is alot safer, I think some will say it can happen now or later with more drama at a higher price so its better for it to occur now.
legendary
Activity: 2758
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I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1

some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.

I noticed in your posts that you're generally optimistic rather than pessimistic. I'm not saying you're not realistic, of course. You definitely have bases in your predictions, not to mention that you've been in this game for quite a long while already.

I have a question based on your assessment. Do you see a new ATH on or before the halving? Or if it comes a bit late, still around the halving date? If so, then are we going to surpass $100,000 within 2024 alone?

Dec 2024 or Nov 2024 Ath and may touch 100k in those months.

And as good as that is 2025 will bring numbers that most are too afraid to say.

If you look at any of my posts I am always mostly bullish but never a raging bull. Much more like Ferdinand
the bull.

Yes I noticed that too. You're like a tamed bull. Lol.

I'm of the suspicion that $100,000 is an attractive selling target for everybody regardless if they bought today or at $25,000, $40,000, or even higher. It is this suspicion that makes me think of taking profit before it happens, perhaps around $90,000. The selling pressure at $100,000 might be too strong. There might be a heavy correction which immediately follows after hitting that price. As an implication, 2025 might not be what you suggested.

If we base on past events yes we could really see that happening so we really better know when to secure our profit since its hard for us to encounter another bearish season after it pump for a new all time high since for sure we will regret again that we never learn our lesson. So $100k is quiet huge amount target to take our profit but I would also consider how much price it would provably reach and by month of December whatever price it will take will surely take profit since I'm also speculating a dump after that.

Will stick to my plan no matter what so hopefully we can see more great things and people should stick to their plan set and always remember that any amount of profit is always good rather than we lose for expecting to much since its really dumb decision for us to take huge mistakes when opportunity is knocking on our doors.
sr. member
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I wouldn't really assume that the exact same thing could happen, 2015 was a very low period so getting that high wasn't that hard, now requires much more money. But I also think that the increase will happen one way or another, maybe not that much, maybe not that quickly, but it will certainly go up, I am sure of that. I think it's quite important to realize that bitcoin is something that we could benefit a lot from if given enough time, we need to just arrange something that needs to be done properly.

We can't rush into these things, so we need to end up doing something that needs to be a lot better, and that could be an important deal in the end, and must be given enough attention and care and time for it to bloom properly.
legendary
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While it'd great to see so much optimism in the first page  I think it would be setting the bar too high to expect 2015-like gains, or gains from any other halving for that matter. Yes institutions are involved now, but there is much more to it, such as:
- Diminishing returns
- More BTC distributed and in circulation
- More profit motivated holders (institutions, hedge funds, etc)
The above could be a good or bad thing. The first two are something to think about though. Returns achieved in a 2015 Bitcoin ecosystem and expecting the same in today's much larger ecosystem is not the best bar to set.

At the same time, seasonality does exist so I don't doubt it will be a positive few months during November, Jan, maybe even Feb too.

It funny you skipped December.

I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1


some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.

Haha yes i did indeed. Not intentional, though November & December are historically quite similar in most markets, being that there is usually quite a bit of positive activity. In terms of the speculation maybe you're right, but it is anyones guess. The market has a habit of taking us by surprise, especially when it comes to bitcoin and crypto.

Some things I will say is about the halving...
The halving itself is usually a non event. The lead up to it can generate some excitement, but historically, the effects have taken full effect on the market in the 6-18 months after the halving.

What will be most interesting is the trajectory between now and roughly September/October next year. We should also note that there are several outflows occurring, FTX (if they settle) and Mtgox namely. Their settlements will be something to keep an eye on. Yes we have heard about mtgox over and over for a while, though the deadline for repayments is now October 2024. It will be interesting to see how that effects the market.

legendary
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There is some speculation by some Bloomberg analyst that if sec wants to approve the etfs they will need to do it within the next 8 days starting tomorrow. No idea what this means because he also says that if they don’t approve it within this time period then he is 90% sure it will be approved by Jan 10 2024.

The fact that he put Jan 10 2024 and not sometime in Jan 2024 makes it seem it is some deadline but which deadline I don’t know exactly. Should be an interesting week.
sr. member
Activity: 2380
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I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1

some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.

I noticed in your posts that you're generally optimistic rather than pessimistic. I'm not saying you're not realistic, of course. You definitely have bases in your predictions, not to mention that you've been in this game for quite a long while already.

I have a question based on your assessment. Do you see a new ATH on or before the halving? Or if it comes a bit late, still around the halving date? If so, then are we going to surpass $100,000 within 2024 alone?

Dec 2024 or Nov 2024 Ath and may touch 100k in those months.

And as good as that is 2025 will bring numbers that most are too afraid to say.

If you look at any of my posts I am always mostly bullish but never a raging bull. Much more like Ferdinand
the bull.

Yes I noticed that too. You're like a tamed bull. Lol.

I'm of the suspicion that $100,000 is an attractive selling target for everybody regardless if they bought today or at $25,000, $40,000, or even higher. It is this suspicion that makes me think of taking profit before it happens, perhaps around $90,000. The selling pressure at $100,000 might be too strong. There might be a heavy correction which immediately follows after hitting that price. As an implication, 2025 might not be what you suggested.
donator
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Leading Crypto Sports Betting & Casino Platform
I think when it comes to comparing historical norms, this cycle is going to be more than most people are expecting just because of the FTX fraud and how it depressed market prices for Bitcoin artificially. The true extent of this won’t probably be realized until 2025, but I think it’s likely to show up in larger than expected gains the entire way there.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1

some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.

I noticed in your posts that you're generally optimistic rather than pessimistic. I'm not saying you're not realistic, of course. You definitely have bases in your predictions, not to mention that you've been in this game for quite a long while already.

I have a question based on your assessment. Do you see a new ATH on or before the halving? Or if it comes a bit late, still around the halving date? If so, then are we going to surpass $100,000 within 2024 alone?

Dec 2024 or Nov 2024 Ath and may touch 100k in those months.

And as good as that is 2025 will bring numbers that most are too afraid to say.


If you look at any of my posts I am always mostly bullish but never a raging bull. Much more like Ferdinand
the bull.
sr. member
Activity: 2380
Merit: 366
I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1

some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.

I noticed in your posts that you're generally optimistic rather than pessimistic. I'm not saying you're not realistic, of course. You definitely have bases in your predictions, not to mention that you've been in this game for quite a long while already.

I have a question based on your assessment. Do you see a new ATH on or before the halving? Or if it comes a bit late, still around the halving date? If so, then are we going to surpass $100,000 within 2024 alone?
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
While it'd great to see so much optimism in the first page  I think it would be setting the bar too high to expect 2015-like gains, or gains from any other halving for that matter. Yes institutions are involved now, but there is much more to it, such as:
- Diminishing returns
- More BTC distributed and in circulation
- More profit motivated holders (institutions, hedge funds, etc)
The above could be a good or bad thing. The first two are something to think about though. Returns achieved in a 2015 Bitcoin ecosystem and expecting the same in today's much larger ecosystem is not the best bar to set.

At the same time, seasonality does exist so I don't doubt it will be a positive few months during November, Jan, maybe even Feb too.

It funny you skipped December.

I still say 42k Nov 30-Dec 1
and 48k Dec 31- Jan 1


some profits taken in Jan brings us to 40k and then upwards and onwards to a new ATH new the ½ ing.
legendary
Activity: 1708
Merit: 1048
While it'd great to see so much optimism in the first page  I think it would be setting the bar too high to expect 2015-like gains, or gains from any other halving for that matter. Yes institutions are involved now, but there is much more to it, such as:
- Diminishing returns
- More BTC distributed and in circulation
- More profit motivated holders (institutions, hedge funds, etc)
The above could be a good or bad thing. The first two are something to think about though. Returns achieved in a 2015 Bitcoin ecosystem and expecting the same in today's much larger ecosystem is not the best bar to set.

At the same time, seasonality does exist so I don't doubt it will be a positive few months during November, Jan, maybe even Feb too.
legendary
Activity: 2464
Merit: 1387
When Bitcoin was valued at ~$1 there were a lot of people who couldnt comprehend the
value going to ~$100 let alone $1000. I believe Bitcoin could be entering a new phase which
will take the market into a new range which will surprise a lot more people.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I read/heard somewhere that an internal memo was leaked from Blackrock who would
advise that their clients should have something like 83.5% of their portfolio in Bitcoin or maybe "crypto"?!

If that is the case any coins sold at $500k would be snapped up and never seen again
for a very long time all depending on an ETF approval of course.

There are a lot of reports out there some conjured up to make sales etc. but I definitely
think there is massive demand for Bitcoin from those who want an asset manager to look
after it for them and who have no interest in buying a Trezor and minding their seed phrase!

So that alone should fuel philipma1957's projection to $500k regardless of the 2015 comparison.

I have a feeling we may soar far more then the 100-145K

I even think maybe 500k is low so I am pushing very hard at this for now.

I am glad to see a few are thinking what I am thinking.
legendary
Activity: 2464
Merit: 1387
I read/heard somewhere that an internal memo was leaked from Blackrock who would
advise that their clients should have something like 83.5% of their portfolio in Bitcoin or maybe "crypto"?!

If that is the case any coins sold at $500k would be snapped up and never seen again
for a very long time all depending on an ETF approval of course.

There are a lot of reports out there some conjured up to make sales etc. but I definitely
think there is massive demand for Bitcoin from those who want an asset manager to look
after it for them and who have no interest in buying a Trezor and minding their seed phrase!

So that alone should fuel philipma1957's projection to $500k regardless of the 2015 comparison.
legendary
Activity: 4326
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'The right to privacy matters'
If we shot to 500k like I say by Dec 31 2025.

The first blocks that have been sitting for over 13 years should get movement.

If they don’t I would be very surprised.

I would think there are over 1,000,000 pre 2011 coins untouched

at 500,000 a coin that is more than 500 billion dollars.

I would think maybe 5% would sell off.


We can only speculate about that, although only then we will see how much BTC was actually lost in the first years, but I still think that there are a lot more than 1 million BTC that may be waiting for the right moment to enter the market if we take into account the speculation that Satoshi mined around 1 million BTC by himself. Also, in the first reward era, the reward was 50 BTC per block, which means that 50% of all BTC was mined in the first 4 years.

Of course, we should not doubt that these long-term holders are not intelligent people who will not exclusively use CEX, but will look for some other methods such as OTC or DEX in order to prevent the influence on the price.

Yeah lets say you have an addy with 100 coins which become 500k each.

This addy is worth 50 million. Wealthy people could cut deals off the books. Hey Joe give me an addy send the 100 coins. New guy has the coins and deal is done. This would not hurt the price at all.
legendary
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Blackjack.fun-Free Raffle-Join&Win $50🎲
If we shot to 500k like I say by Dec 31 2025.

The first blocks that have been sitting for over 13 years should get movement.

If they don’t I would be very surprised.

I would think there are over 1,000,000 pre 2011 coins untouched

at 500,000 a coin that is more than 500 billion dollars.

I would think maybe 5% would sell off.


We can only speculate about that, although only then we will see how much BTC was actually lost in the first years, but I still think that there are a lot more than 1 million BTC that may be waiting for the right moment to enter the market if we take into account the speculation that Satoshi mined around 1 million BTC by himself. Also, in the first reward era, the reward was 50 BTC per block, which means that 50% of all BTC was mined in the first 4 years.

Of course, we should not doubt that these long-term holders are not intelligent people who will not exclusively use CEX, but will look for some other methods such as OTC or DEX in order to prevent the influence on the price.
legendary
Activity: 4326
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'The right to privacy matters'
$500k for 1 BTC in less than 2 years can only be realized if that long-awaited spot BTC ETF is really a game-changer and then in synergy with the halving effect results in a massive bull run. However, we should not ignore the fact that the price is formed not only by increased demand, but also by increased supply, because for many long-term holders, the next bull run will very likely be the exit point.

All those millions of BTC that are speculated to be irretrievably lost could flood the market because when we finally reach the zone of six-digit numbers, few will resist dumping most of their long-held BTC. Numbers change, but people and their behavior are more or less the same and predictable.

If we shot to 500k like I say by Dec 31 2025.

The first blocks that have been sitting for over 13 years should get movement.

If they don’t I would be very surprised.

I would think there are over 1,000,000 pre 2011 coins untouched

at 500,000 a coin that is more than 500 billion dollars.

I would think maybe 5% would sell off.
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
$500k for 1 BTC in less than 2 years can only be realized if that long-awaited spot BTC ETF is really a game-changer and then in synergy with the halving effect results in a massive bull run. However, we should not ignore the fact that the price is formed not only by increased demand, but also by increased supply, because for many long-term holders, the next bull run will very likely be the exit point.

All those millions of BTC that are speculated to be irretrievably lost could flood the market because when we finally reach the zone of six-digit numbers, few will resist dumping most of their long-held BTC. Numbers change, but people and their behavior are more or less the same and predictable.
hero member
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🐺Spinarium.com🐺 - iGaming casino
I think we might not see a repeat of the 2015 - 2017 cycle because of the present BTC market cap. It is not realistic to compare the similar price action/ % gain. Yes, we might see similar trends, but with limited gain. 

I think the same, it is normal that in the early years, the returns were stratospheric and as time has gone by, with the market cap we have now, they tend to be much more moderate. I would like to see the $500,000 that the OP is talking about for this cycle happen, but I see it as almost impossible.

$500,000? And for this cycle only? I also think that's next to impossible. If we stretch the time frame though, let's say 5 years to 10 years from now, $500,000 is more possible. But even with that time frame, I can't imagine Bitcoin reaching $500,000. I know that it could indeed happen, but it's just too high for my mind to imagine. We'd all be rich when that point comes. But this is not the only big prediction. We've heard of a million even. If so, then we should all be trying our best to stack as much sats as possible while the price is still cheap.
This could happen if there is massive adoption from many parties. That could push the price of Bitcoin to increase rapidly. But, indeed, getting a price of $500,000 is still too difficult for Bitcoin, although it is not impossible. If it is true that Bitcoin can get that price, many Bitcoin investors will become very, very rich. Those who have been struggling for a long time to collect Bitcoins are very satisfied if that happens.

Maybe for the next increase, Bitcoin price will be above $100,000-$150,000. That's what many speculators are talking about. But many also say that the price of Bitcoin could reach above $200,000. I don't think about what the next ATH will be. I'm speculating above $100,000 for this cycle for sure.

If the price of Bitcoin can exceed that figure, I am very happy because it exceeds my expectations. And it will provide huge profits again after the previous ATH. And it should be celebrated Grin
sr. member
Activity: 2380
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I think we might not see a repeat of the 2015 - 2017 cycle because of the present BTC market cap. It is not realistic to compare the similar price action/ % gain. Yes, we might see similar trends, but with limited gain. 

I think the same, it is normal that in the early years, the returns were stratospheric and as time has gone by, with the market cap we have now, they tend to be much more moderate. I would like to see the $500,000 that the OP is talking about for this cycle happen, but I see it as almost impossible.

$500,000? And for this cycle only? I also think that's next to impossible. If we stretch the time frame though, let's say 5 years to 10 years from now, $500,000 is more possible. But even with that time frame, I can't imagine Bitcoin reaching $500,000. I know that it could indeed happen, but it's just too high for my mind to imagine. We'd all be rich when that point comes. But this is not the only big prediction. We've heard of a million even. If so, then we should all be trying our best to stack as much sats as possible while the price is still cheap.
legendary
Activity: 1358
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The first decentralized crypto betting platform
I think we might not see a repeat of the 2015 - 2017 cycle because of the present BTC market cap. It is not realistic to compare the similar price action/ % gain. Yes, we might see similar trends, but with limited gain. 

I think the same, it is normal that in the early years, the returns were stratospheric and as time has gone by, with the market cap we have now, they tend to be much more moderate. I would like to see the $500,000 that the OP is talking about for this cycle happen, but I see it as almost impossible.
hero member
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Buzz App - Spin wheel, farm rewards
I think we might not see a repeat of the 2015 - 2017 cycle because of the present BTC market cap. It is not realistic to compare the similar price action/ % gain. Yes, we might see similar trends, but with limited gain.
BTC bounced back to over $35k, and if the price stays above $30k in the coming few weeks, then I think we might see a price rally toward $45k or $50k in the next few months. 
The chances of market correction are also there, and we will have a price dip before the final show.
legendary
Activity: 4326
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'The right to privacy matters'
Six months can be called half a year for 1 independent analysis period, there are two quarters out of a total of 4 that go through in the next year, if there is a correction to soar can also be the opposite and higher, bitcoin continues to get news and friction from the past and it is carried over, maybe some of us came to take part at that time, I don't see the public view so depressed or two conditions feel left behind at this time, the countdown with percentages has started and has departed, the table is a dynamic record. If assets and the like follow the dollar price but I think bitcoin will show strong horns, step by step will take us there and beyond, we enjoy the trending with some entries with stability and implement the 8 times bitcoin will run, but i consider $35,000 as a starting point.

Yes, you realize that, sir.

well we bounced over 35k again maybe 36k is going to fall soon.
sr. member
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Six months can be called half a year for 1 independent analysis period, there are two quarters out of a total of 4 that go through in the next year, if there is a correction to soar can also be the opposite and higher, bitcoin continues to get news and friction from the past and it is carried over, maybe some of us came to take part at that time, I don't see the public view so depressed or two conditions feel left behind at this time, the countdown with percentages has started and has departed, the table is a dynamic record. If assets and the like follow the dollar price but I think bitcoin will show strong horns, step by step will take us there and beyond, we enjoy the trending with some entries with stability and implement the 8 times bitcoin will run, but i consider $35,000 as a starting point.

Yes, you realize that, sir.
legendary
Activity: 4326
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'The right to privacy matters'
so we only need do 8x that to go over 500k and a 10 trillion cap.


Well, that's kinda my point, in the past 8x was easily doable because the price/marketcap was so low that it didn't require a lot of money to enter Bitcoin to achieve such movement. But adding trillions to marketcap is going to be hard, it would put Bitcoin in the same league as gold, and gold is desired by everyone on this planet, while Bitcoin not so much.

I can imagine the price reaching $500k for a day or two during the peak of a bull run, but it will crash hard after that to $100k.

rocket ship up moves at not what I am looking for..  10% or 20% a month for six months in a row is not that hard.

All moves from now to 69 k are traveling on a road we have been to before.

at the 70k to 140k we are virgins so to speak 🗣️ some hands will fail and sell but I see a huge uptick. To levels you are struggling to belief.

legendary
Activity: 3038
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so we only need do 8x that to go over 500k and a 10 trillion cap.


Well, that's kinda my point, in the past 8x was easily doable because the price/marketcap was so low that it didn't require a lot of money to enter Bitcoin to achieve such movement. But adding trillions to marketcap is going to be hard, it would put Bitcoin in the same league as gold, and gold is desired by everyone on this planet, while Bitcoin not so much.

I can imagine the price reaching $500k for a day or two during the peak of a bull run, but it will crash hard after that to $100k.
hero member
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No God or Kings, only BITCOIN.
The possibilities are endless so I will remain optimistic and I do think we already bottomed and those bears are really not in good mood. A 10T cap for crypto is really possible now that institution are noticing this market, it's really just a matter of time before we finally reap what we sow of holding it.
hero member
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I am terrible at Fantasy Football!!!

If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1
42350 x 1.1375 = 48173 by jan 1.

opinons and guesses?

I’m very new here when this happened and I remember I created my forum account because I’m curious why Bitcoin is pumping hard that time until I learn what’s Bitcoin halving. I believe Bitcoin will follow same pattern considering how the potential ETF approval gives us a huge hype while halving is already in few months.

The pump during pre halving is imminent but what I’m curious more if this pump will continue until the new ATH after the halving since there’s always a huge correction after huge event like this.
We need to prepare ourselves mentally as anything can happen, the scenario being presented by the OP can definitely happen and I think it is even reasonable that it does, but bitcoin is extremely volatile and temperamental, so it could just as easily take the opposite direction and it would not surprise me one bit if it did, however taking into account that this time there is not going to be a pandemic that artificially crashes the price of bitcoin, it seems possible the next bull run could be more intense than anticipated.
hero member
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If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1
42350 x 1.1375 = 48173 by jan 1.

opinons and guesses?

I’m very new here when this happened and I remember I created my forum account because I’m curious why Bitcoin is pumping hard that time until I learn what’s Bitcoin halving. I believe Bitcoin will follow same pattern considering how the potential ETF approval gives us a huge hype while halving is already in few months.

The pump during pre halving is imminent but what I’m curious more if this pump will continue until the new ATH after the halving since there’s always a huge correction after huge event like this.
legendary
Activity: 2128
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There is trouble abrewing
we are slowing heading to that moment where the launchpad is now in sight.
all it takes is one more step to start the subsequent rises that nobody can stop or slow down anymore.

this time we should only see 6 digits prices.
hero member
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These gains are even prior to halving and for some Bitcoin ETF approval. I am optimistic that the end of the year will be good but I am leaning and moving forward to next year and more with post-halving.

so we only need do 8x that to go over 500k and a 10 trillion cap.

I do believe it is coming.
With all the setting that we're having that institutions are joining, I am crossing my fingers that we'll be there soon. I'd be patient until it comes. I have seen the growth of Bitcoin but you're longer than me on this game that's why I won't say it is impossible.
legendary
Activity: 4326
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'The right to privacy matters'
I don't expect the growth rates of the past to repeat this time, because back then there was a lot of room for price growth - the price increase of only $100 was doubling the price or increasing it by half. Today $100 increase is just noise, a lot more money is needed to move the market, and I'm not sure that such money is available. So I keep by expectations modest and believe it will take some time to reach the previous ATH and we won't go too far past it. In this model going 10-20% up every month seems too fast.

This is where I think most people are mistaken. BTC has shown itself as high as 1.2 trillion cap.

so we only need do 8x that to go over 500k and a 10 trillion cap.

I do believe it is coming.
legendary
Activity: 3038
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I don't expect the growth rates of the past to repeat this time, because back then there was a lot of room for price growth - the price increase of only $100 was doubling the price or increasing it by half. Today $100 increase is just noise, a lot more money is needed to move the market, and I'm not sure that such money is available. So I keep by expectations modest and believe it will take some time to reach the previous ATH and we won't go too far past it. In this model going 10-20% up every month seems too fast.
sr. member
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The time span is enough to analyze the journey of bitcoin 8 scenarios can happen, I see the possibility if such a trip in 2020 is repeated again this is extraordinary especially towards the end and enter the beginning of 2021 harvest bitcoin sir.

But in 2017 I am not sure about the confidence of bitcoin holders because there is a considerable decline, maybe there is other news that disrupts the bitcoin journey, I take the middle of the middle of the year you mentioned, although it has not completely surpassed 2020 and 2021 in January 2024 it will be able to enter at a price of $48000-$55000, logically last month there was an increase of $7000$ about 26% instantly, if towards the end of the year there is a potential of 40%-50%, HODL bitcoin!
legendary
Activity: 4326
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'The right to privacy matters'
I do not think that it will be that clear, the difference is that back in 2015 we were quite low and it wasn't all that hard to make that kind of difference, it was quite possible to see the difference and was easy to handle. However, the reality is that we are not going to end up with anything that good that easily, we should avoid hoping for that, the market cap is not that small anymore and going up that much is not that easy.

Yes we have gone up one month like that, but multiple months like that is a huge bull run that requires a global attention to it, which may happen but not right now because I think that's reserved for next year after the halving when usually the bull starts. If we have it now, on top of that we would need another one and that would be just way too much money.

well I can't say I did not tell you.  I see a bull run that will bring us well past the 2021 run.

I have been on this site for a long time and have never ever pushed big huge numbers in the future.

Now I am.
legendary
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I do not think that it will be that clear, the difference is that back in 2015 we were quite low and it wasn't all that hard to make that kind of difference, it was quite possible to see the difference and was easy to handle. However, the reality is that we are not going to end up with anything that good that easily, we should avoid hoping for that, the market cap is not that small anymore and going up that much is not that easy.

Yes we have gone up one month like that, but multiple months like that is a huge bull run that requires a global attention to it, which may happen but not right now because I think that's reserved for next year after the halving when usually the bull starts. If we have it now, on top of that we would need another one and that would be just way too much money.
legendary
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'The right to privacy matters'
we could easily surpass  500k by dec 2025.

With how long you've been doing this, I'm surprised you'd say that. Haven't we learned anything from what happened this cycle? Everyone was looking at stats and charts and predicting stratospheric prices for this very cycle, which have not come true. $150K was one low prediction for this cycle out of many, and look how that turned out. Dan Held was already predicting a maximum of $0.5M million for this cycle. We also had very sophisticated models such as the S2F model giving predictions that were astounding and when the price falsified the theory the author insisted on continuing to make a fool of himself by reformulating the theory instead of considering it false.

That said, I hope you are right or even short and we hit $2M per Bitcoin the next cycle. That would do me great.

no I normally would never say a number like that.  But just pull out 2019-2020-2021

and look at 2015-2016-2017 and a big big big big uptick looks more likely.

We all know 2019-2021 was really fucked up world wide due to covid.

So maybe we should give a lot more weight to the 2015-2017 up tick.  If you look at me for all the years I have been around I never made picks this bullish.

at mk4 500k is not that much. It is 10 trillion. If we perfectly copied 2015-2017 we would do 2.1 million

or 40trillion.  So I adjusted downwards to account for what you are saying.
mk4
legendary
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I am inclined to toss out all of the 2020-2021 rally due to the covid factor.

if we trend back to 2015-2016-2017. for 2023 -2024-2025

we could easily surpass  500k by dec 2025.

But let's not forget that bitcoin's market cap today is far higher today than it was in 2015-2017, so we really can't make the same comparison. The more money there is invested in an asset, the harder it is to pump/dump it. Unless, we really get huge inflows of money from an ETF or a black-swan event in the world of finance that'll be favorable for Bitcoin.
legendary
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After the price broke the 35,000 level, I do not find strong resistance at 38,000, and therefore there is nothing preventing us from seeing 42,000 within a month or 48,000 within two months, with the possibility that we will have a correction. The longer it stays above $30,000, the more the upward trend is moving, and there is nothing preventing this trend.

If things go the same as in 2016/2017, what are your expectations for the new ATM?
sr. member
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There doesn't seem to be a dominating pattern as to the months of November and December which suggests that they are either good or bad months. So I think it's open. Both possibilities of green and red could happen. November and December could bring us either increase or decrease.

But then certain factors or circumstances like the highly anticipated Bitcoin spot ETF and the halving in April of 2024 may be at play in the last two remaining months. And they signal a generally positive outlook.
hero member
Activity: 1554
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2015 Sept up 2.82%
2015 Oct.  up 31.92%
2015 Nov  up  21.44%
2015 Dec  up  13.75%

here we are 8 years later

2023 Sept 3.95%
2023 Oct 28.51%
2023 Nov ?
2023 Dec ?

opinons and guesses?

The Technical Data is very similar, but 8 years ago the United States did not dominate crypto and was not interested. Today, America is very interested in crypto because it wants to control everything. In fundamental analysis, I would like to point out that the FED decisions and the ETF issue are important on the Bitcoin price today. For example, if the ETF decision is realized today, it will positively affect the Bitcoin price and cause a lot of deviation in the data. Bitcoin and crypto markets are more dependent than they were 8 years ago, and it is very difficult to decide whether the data will match or not. We may not even see the positive effects of the halving.
hero member
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2015 Sept up 2.82%
2015 Oct.  up 31.92%
2015 Nov  up  21.44%
2015 Dec  up  13.75%

here we are 8 years later

2023 Sept 3.95%
2023 Oct 28.51%
2023 Nov ?
2023 Dec ?
8 years is not 8 days so it's hard been that we can't really be sure about similar figures resurfacing in the remaining two months of Nov and Dec of this year. However, what pumps my heart with optimism and that of other bitcoiners about the bitcoin price either retaining similar figures or going above the 2015 % within these two months is the proposed approval of the  bitcoin spot ETF by 2024  that have been of positive influence to BTC price with both new individual and institutional investors investing their way into the market, it's therefore my expectation that bitcoin price would exceed those percentage by the end of this two months.
legendary
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we could easily surpass  500k by dec 2025.

With how long you've been doing this, I'm surprised you'd say that. Haven't we learned anything from what happened this cycle? Everyone was looking at stats and charts and predicting stratospheric prices for this very cycle, which have not come true. $150K was one low prediction for this cycle out of many, and look how that turned out. Dan Held was already predicting a maximum of $0.5M million for this cycle. We also had very sophisticated models such as the S2F model giving predictions that were astounding and when the price falsified the theory the author insisted on continuing to make a fool of himself by reformulating the theory instead of considering it false.

That said, I hope you are right or even short and we hit $2M per Bitcoin the next cycle. That would do me great.
legendary
Activity: 4326
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'The right to privacy matters'
I am inclined to toss out all of the 2020-2021 rally due to the covid factor.

if we trend back to 2015-2016-2017. for 2023 -2024-2025

we could easily surpass  500k by dec 2025.
legendary
Activity: 3080
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If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1
42350 x 1.1375 = 48173 by jan 1.

opinons and guesses?

Yeah, it could be around that price range and I think that's where the numbers are being predicted as well by December or early next year, like $40,000-$50,000. And so if the pattern continues maybe just a little +/- but still around that ball park number.

And with that, we should be expecting the economics picture of Bitcoin going to improvement in the next two months. Bullish sentiments is still up in the air and we all know that it's hard to go against that. So we will see and hopefully the pattern is still valid for this 2023.
hero member
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will we repeat this?

Well, this become a little more predictable every halfing and maybe the euphoria for bitcoin will be a little more conservative than before. But since this is still speculative there is no way to know, 8 years ago a lot of my acquaintances and family never heard about bitcoin, this year even my mom knows that bitcoin its something to care about...

legendary
Activity: 4326
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'The right to privacy matters'
2015 Sept up 2.82%
2015 Oct.  up 31.92%
2015 Nov  up  21.44%
2015 Dec  up  13.75%

here we are 8 years later

2023 Sept 3.95%
2023 Oct 28.51%
2023 Nov ?
2023 Dec ?


I looked at the post below to come up with my 2015 to 2023 comparison.

will we repeat this?

It's funny to see that October is the most successful month for Bitcoin. This has probably already become firmly anchored in people's minds, so that all market participants act accordingly. A self-fulfilling prophecy in that sense.
Yes, this October was no exception and bitcoin didn't just rise, it broke resistance that couldn't be broken all of 2023. But I doubt about the psychology that it happened naturally, September was also green, although it was almost always red.
Naturally or not, initially it was the effect of Cointelegraph giving invalid news about ETF acceptance that FOMO occurred and many bought Bitcoin at this time so that it broke the $30k resistance, then indeed dumped after the news was not true.
But the next effect is like a snowball that makes market conditions better and until now it is able to hold at $34k + +.

October was a green month and we are about to enter November which in the last 2 years has always shown a drastic decline.
Will the trend change?
we will see.





If we do the 2015 pattern from sept to dec we will rock 2 more months.

35000 x 1.21 = 42350 by dec 1
42350 x 1.1375 = 48173 by jan 1.

opinons and guesses?
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