Topic: Bitcoin crash is inevitable - page 2. (Read 676 times)

The think about that is the fact that one of them is always wrong while the other one is always right. If someone tells you that bitcoin will go down so you should sell, they could be right in the short term because price could always drop, it could literally be 10k in a month, but that doesn't mean that it will stay like that so you know that in the long term that person is wrong and the price will go higher than what it is today, will even breach 100k+ one day, so you know they will always be wrong in the long term.

Whereas the people who tell you to buy are right because they will definitely be in a good situation considering they will definitely be right in the long term the price of bitcoin always goes up, sure they could be wrong in the short term but in the end they will be right. That is the difference between those two people and you should pick the one that says buy bitcoin at all the times.

Yeah that's your opinion dude, those who bought Bitcoin back in those days when the price was around $30k thought that the price of Bitcoin won't move above that but currently the price of Bitcoin just hit another all time high of $57k+ which experts said might continue to grow in due course. Personally, buying bitcoin right now doesn't make the buyers fools, i would say buy on short-term and wait for the correction should be better IMO. 

When married for 35 years and the 'safe' money is all in my wife's name I am perfectly happy with 300 k in fed bonds at 1.1% interest.

As I can easily justify holding 1 btc and stacking to it via mining.

Yeah I know here safe money is bleeding but it is her money she earned.  This year my btc will 2x due to mine and hodl.  So if 1 btc becomes 2 btc jan 2022 which is pretty sure. 

It is just a question of 100k for each coin = win and the holds then become 303k safe and 200k in btc

If op is correct and it crashes to 30k I will still have 2 maybe 2.2 btc due to easy mining. and that would be 60-66k worth of btc.

I do see a 500k upside by 2030 as possible. I won'r be ancient at 73 and should have more than 5 btc by then or 2.5 million in fiat numbers if i am correct.

Very nicely said, though I was willing to end my merit on your post but stumbled at this line... should be the other way around brother or at least 200-250K in btc and the rest in I don't know what you mean with safe.... I hope not FIAT.. but the rest of the savings in the "asset" you refer as safe for yourself.

Just very few words for a troll as you...

BUT

As a store of value its just always the time to buy-enter if your looking for a best form as money available.

If we  (NOT you, please you don't buy and don't benefit from this asset) enter the BTC-market then its with a wel studied and good opinion why we enter and buy BTC. Real BTC'ers understand that the current monetair system is full of flaws and error etc.... You probably don't know but that will come.
So we don't care if we buy and price drops, thats when we buy more and DCA as good as we can, don't worry about not buying at 50K ... you will be one of the peeps buying at 300K or whatever. But please let inflation first hit you, so when BTC hits 100-500-1mill or whatever you even have less of buying power cause of bad mindset and dumb approach of thinking about the BTC market.

My death is inevitable.  I was born in 1957 so most likely I will be dead before 2077 as most people don't get to be 120 years old.

What you simply are missing is why are we at 57k

btw your advice means your followers lost out on a 14%  gain 50k to 57k.

To place your bets so to speak on BTC price you need to come up with an upside number.

and of course a down side number. In a time frame.

I pick 2030 as I will be 73 and I won't be looking to invest and mine I would like to travel

in 2030 the Downside number  is $0

in 2030 the Upside number is 500k

It is obvious how I get the downside number.

How do I get the upside number.

I add the value of BTC to the value of gold.

About 1 trillion and 11 trillion is 12 trillion right now.

I figure 100% inflation by 2030 so 24trill would be the combined value of BTC and Gold

if ratio stays the same it is 2 trillion to 22 trillion.  making btc worth 100k

but due to the discovery of much gold on asteroids and the ability to mine it bring gold  closer to a useful more common metal such as iron or lead.

I feel btc has to be at a market cap of 6-11 trillion or 300k to 550k in 2030

Look at the fact below

Musk buys btc
Musk explores space
Musk builds Tesla cars
Nasa to check out a gold filled asteroid in 2022
Lots of gold is on asteroids close by
 
A gold battery lasts 100x long than a lead battery
Ford is fully converting to electric cards in Europe by 2030

So if BTC ends up storing wealth  rather than gold and gold ends up in batteries  instead of lead. your advice is really bad.

Does this mean I will buy 350k worth of btc with all my 'safe' money no.

But 300k stays in safe and 50k stays in  btc.

I come back to this in 2030.

By the way this could  be like leaving horse and buggy for cars.

we now are leaving gas cars for electric cars
and ol/coal/gas heat for electric heat.

If the top will be only 6 times higher than the beginning of the bull run, then the bottom will also be higher than what you'd expect based on past performance. It really would make no sense to return to where we started from, after all this hype around institutional investments. 60k -> 20k is more real, or 80k -> 25k.

Bitcoin price movements are difficult to predict, no one knows how long the Bitcoin price will rise. What is certain is that the correction will take place,
so if now you are getting profit, I suggest selling the Bitcoin that you have. Because if the price suddenly drops, we will definitely regret it. Unless
indeed from the start investing in Bitcoin for the long term. When it comes to buying Bitcoin for $ 50k, that's not a stupid thing to do. Since the current
price of Bitcoin has reached $ 57k, means that those who buy Bitcoin at a price of $ 50k now must be very happy, because they have made a profit.

fortunately, people are still buying they still have confidence that Bitcoin will continue to go up and the demand will still be high, if there will be a correction it will be on the $30k level, we have passed Bitcoin hard times, the situation is now way different from what we have experienced in the past, people have different look on the market and so far many investors are looking at it positively.

Well, that supposed to understand the situation and we need to think also that the market can't be in hypes always. Thinking for the inevitable dump is not wrong, it is just a preparation for the incoming but very unfortunate since we don't know yet when it comes.

if someone says don't buy because it will dump in the next day, or buy now because it pumps by tomorrow, it is for you to decide either to follow that person or not. Besides, we are taking the risk since before and we all know that it is really hard to predict, otherwise, we all just a loser of not taking the chance.

The problem with these posts is that they age very badly. The internet is full of posts and tweets, etc. saying that you shouldn't buy at $10 or $100 because the price was too high, or it was a bubble, and there was going to be a crash.

Just HODL.

So you are saying that Grayscale are a fool just because they are buying Bitcoin at a daily basis regardless of its price.

Different people have different belief when it comes to Bitcoin. I don't think that the word "fool" is the correct term for it. A person can be considered a fool when they are involved with crypto but they aren't holding any cryptocurrency until this moment.

Well, correction will happen in the future but right now there is no sign that it will come in the next weeks or months.

thinking of a "correction"  as a downward trend can happen just from profit taking.  Fund managers play the game now but the world is adapting.

I want to know how they can say that the correction will be so strong? under what grounds? If the market in general is now in very different circumstances than in 2017-2018, maybe a technical analysis or through chartism? If they argue something like this, they should show their analysis through the chart, and thus understand or see the point of view better.

And just a few days later bitcoin is up 10% since your comment, people that have been in this market for a long time do not have problems buying even now because they bought their coins at a cheaper price, so even if the price were to crash down their average buying price will still be below whatever level is reached when the price finally crashes, however I will admit that buying right now for the first time especially if you are a newbie is a risk and should be done with care if you do not want to lose money.

A "correction" implies something is over valued.  So you have place a value on BTC ?

Its still an emerging market

   My best bud Rob told me every day ten years ago why he would not buy TSLA,  it was overvalued he would say every week. This is when it was $24 a share and I was trying to explain its a "Game Changer" He cried correction every two weeks. I would explain first to market, has the name, has the man has the plan, has the tech. He would ignore my 30 years of market experience. When to depart the train is an individual decision based on needs and goals. Here we are 10 years later, 5 for 1 split later,  156 x initial investment later and TSLA is still capturing market share.  BTC is still capturing market share,  Rob never got on this train either. He is an electrical engineer who won Honeywell's "engineer of the year" while working at NASA. I tried to get him to start mining years ago as this seemed right up his ally, nope he wont even look into it. It takes vison and some people just don't have it.

It was just a sample. If we take the 20k ATH in 2017 and the drop to 3.5k. Times are different. But I will never forget the sentiment on the bullrun in 2017 where everybody was predicting 100k and that it will continue endless because its different than 2013 etc. YouTube channels were popping up. Everybody was euphoric and talked about Lambos and stuff. And most of us watched it dropping like a stone. I also have gone through the 2013/14 run as a newbie and both times I did not take one dollar of profit. This time will be different for me. It could go up to $1M and yet I will not regret start selling small percentages from around 50k€ up to wherever we go. Probably gonna sell 50-80% and IF we will have a bear market, surely get back in with maybe 50%.

And about events. Believe me, they always find FUDs to drop the BTC price. One tweet about "Musk is selling", even if its unconfirmed rumor, and we see a 50% sell off.

I think it's going to go up to about $ 60,000 and then it's going to fall, with its ups and downs to about $ 13,000 or less.

you know it is funny my block is a standard block for a street block so round the corner is pretty quick .  The block across the street from me is 5.7 miles around and if you walked round the coroner on that block it is pretty long time.

So which corner.  I am thinking not the55k corner to the 60k corner I am thinking 90k.

I simply sell as it goes up next sale is at 57k

Its not really ideal to listen up someones suggestion on this forum.Im not saying its bad all the time but this will really be leaving you on regrets or make you happy
if it turns out to be moving on what you had anticipated. Make move on your own basing on your own analysis and that would really be worth of.
Crashes is inevitable and cant be predicted this is why you should be wise on making selling and buying decisions.
We do have our own risk management or simply talks about Plan A's or B's because if we do make ourselves sustainable in this market then that simply indicates
that you are doing well or just fine.