Bitcoin will not be able to stay above $50k for 10 consecutive days ever again

monineklutak

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Quote from: Reatim on May 18, 2021, 11:29:02 PM

Quote from: proudhon on May 16, 2021, 05:19:04 PM

Quote from: suchmoon on May 16, 2021, 05:15:03 PM

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

While I'm sure we'll see $50k here and there during this forever-bear-market we've now entered (but only for a few brief moments before we continue sharply down), $100k will simply never, ever happen. It's not mathematically possible.

Then can you please elaborate mathematically what's the scenario to come ? its not clear what you are portraying here so Please any good clarification to make it more trust worthy?

I'm starting to rattle because now for the first time again that Bitcoin drops below 40,000 and i think there are many weak hands that seems to be alarmed and wanna keep safe their funds.

It should be predictable that the market will experience a dump, judging by the dominance of Bitcoin it is very clear,
bitcoin dominance has dropped below 50%, indicating whales have started selling bitcoin, and now look at the dominance in the area of 40%,
of course this is bad for bitcoin, however for altcoins it is time to BUY.

rahmatrf331

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Quote from: Woodie on May 17, 2021, 11:45:07 AM

Quote

Bitcoin will not be able to stay above $50k for 10 consecutive days ever again

Ever again?? Does this mean bitcoin price won't ever break it's all time high based on this statement?

BTW what are you basing your statement on, is bitcoin dying?

Is what we seeing on the markets the doing of Elon Musk with his tweets linking bitcoin mining to the increased carbon footprint ?

FYI this statement raises more questions than answers Roll Eyes

I see the price of bitcoin as like a car racer, if you say dying it is very unsuitable.

Bitcoin is a car that runs too fast, of course you need to rest, change oil and change other tires. bitcoin needs a restart to reach the finish.

big investors are tired of making very little profit, which is why it needs a big break.

OROBTC

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Quote from: proudhon on May 16, 2021, 05:09:03 PM

Easy call.

Hell, dawg, I'm not even sure it can stay above $40,000 for 10 consecutive days anymore.

Time to rerun the math...

Reatim

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Quote from: proudhon on May 16, 2021, 05:19:04 PM

Quote from: suchmoon on May 16, 2021, 05:15:03 PM

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

While I'm sure we'll see $50k here and there during this forever-bear-market we've now entered (but only for a few brief moments before we continue sharply down), $100k will simply never, ever happen. It's not mathematically possible.

Then can you please elaborate mathematically what's the scenario to come ? its not clear what you are portraying here so Please any good clarification to make it more trust worthy?

I'm starting to rattle because now for the first time again that Bitcoin drops below 40,000 and i think there are many weak hands that seems to be alarmed and wanna keep safe their funds.

LUCKMCFLY

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Many are waiting for Bitcoin to fall and fall more, there is a lot of trader who is very bearish, in fact on social networks I have seen that there is a lot of discussion about it, I know that Tesla is one of the causes of all this fuss, but despite that there is a lot of bearish, there are investors who have spoken:

Karen Finerman said:

Quote

It’s getting hot in the #HODL trade!

According to a new Bank of America survey, long #Bitcoin is the most crowded trade in the world! So what now? @KarenFinerman is long, and she’s staying long. pic.twitter.com/ohZqEHfdAd

— CNBC’s Fast Money (@CNBCFastMoney) May 18, 2021

and:

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We’ve seen drawdowns bigger than this many times before. The question is: Do you still believe in the theory behind Bitcoin? I actually do. I’m long, I’ve been known for a long time … so I guess I’m in the overcrowded trade of the world.

Source: https://cryptopotato.com/bitcoin-could-be-near-support-institutions-are-bullish-experts-debate/
In my personal opinion I think that this will only last 1 week or less, in addition to just reviewing price and volume, it is seen that many of those who have sold it have been only by mere panic, and those who are taking advantage are the Bulls, Because they are stealth buying, I am sure that when they remove the offer from the $43k to $50k levels it will be very difficult for it to go down in price again.

proudhon

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Quote from: el kaka22 on May 18, 2021, 03:12:34 PM

Proudhon is like the guy who knows bitcoin will go up, buys bitcoin, supports bitcoin, but keeps up a funny schtick about how bitcoin will not go up. I do not think that he believes what he says, I think he knows bitcoin will go up, I know he knows bitcoin will be over 50k 10 days in a row, I mean these are quite normal and expected things, he doesn't say something like "bitcoin will not be over 500k ever" which it will be eventually one day but I would understand someone saying that. Whereas this is 50k and just 10 days, like not even a month, and we all know how proudhon talked about how "bitcoin is a ponzi" and "bitcoin is a bubble" and all that and joked about it, and how he had this "bitcoin won't reach 54,55,56,58,60!" type of correction funny topic.

So, I believe he is not sincere about 50k for 10 days, he is just joking here and people believing he is serious.

Bitcoin will not be over 500k ever.

thecodebear

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Quote from: proudhon on May 16, 2021, 05:09:03 PM

Easy call.

funniest thread starter I've seen in a while. What's next, the Earth willn ot be able to stay in orbit for 10 consecutive days ever again? Grin

el kaka22

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Proudhon is like the guy who knows bitcoin will go up, buys bitcoin, supports bitcoin, but keeps up a funny schtick about how bitcoin will not go up. I do not think that he believes what he says, I think he knows bitcoin will go up, I know he knows bitcoin will be over 50k 10 days in a row, I mean these are quite normal and expected things, he doesn't say something like "bitcoin will not be over 500k ever" which it will be eventually one day but I would understand someone saying that. Whereas this is 50k and just 10 days, like not even a month, and we all know how proudhon talked about how "bitcoin is a ponzi" and "bitcoin is a bubble" and all that and joked about it, and how he had this "bitcoin won't reach 54,55,56,58,60!" type of correction funny topic.

So, I believe he is not sincere about 50k for 10 days, he is just joking here and people believing he is serious.

micro4lpha

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Time to buy I guess Grin

philipma1957

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Quote from: proudhon on May 16, 2021, 05:09:03 PM

Easy call.

Thank you I just put in 3 orders for more coin.

buwaytress

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OP can you please not make this so hard on yourself and so easy for us? It's not fun for me if you're not even giving yourself a decent chance. 50k for 10 days is nothing; patience, before pulling the trigger.

Quote from: suchmoon on May 16, 2021, 05:15:03 PM

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

I'm touched to learn I'm a cool kid at odd moments throughout the day.

davis196

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Quote from: suchmoon on May 16, 2021, 05:15:03 PM

I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.

Wow,how come 50K USD is "overrated" and 100K USD is not? Grin

Anyway,the current Bitcoin price is 45K USD,so we are pretty close to 50K and we might be heading towards a price recovery back to 50K,unless Elon Musk is not in a good mood.... Grin

Yeah,BTC is "dying".Bitcoin has been "dying" for the last 10 years.Every time the Bitcoin price goes down,a bunch of people always says "Bitcoin is coming to an end". Grin

Let the prophets of the BTC apocalypse keep preaching...

aysg76

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Quote from: proudhon on May 16, 2021, 05:09:03 PM

Easy call.

Bitcoin prices are not based on personal judgement rather based on market forces which can turn the stones anytime.But long term and bitcoin enthusiasm are not looking for $50k as they know it will be crossed soon and next mark $70-$80k this year is being set for all the bearish waiting for it to dump. It's your easy call then wait for the actual returns after all this shitcoin hype is over and funds and investors moving to Bitcoin again.

Ararbermas

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Quote from: Woodie on May 17, 2021, 11:45:07 AM

BTW what are you basing your statement on, is bitcoin dying?

probably he's basing on the current situation of the bitcoin growth rate wherein seems in danger because of what is happening right now. , and actually it easy to say because of some rumors around the internet such " doge is better than bitcoin" ..especially because of that elon musk also wherein very popular and keep destroying the reputation of some crypto currency.. Definitely its so easy to say that way especially if you knew that it will affect in bitcoin price soon or later.. But come on guys don't let them blind us what the real cycle of this market.. Let them whatever they want to do. who cares?

spiderbrain

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It's a relief that we know that the top is finally in. Getting richer and richer every day is just too stressful. I'm looking forward to a warm sense of closure as bitcoin hits zero within the next few months.

For those who don't know, Prodhon is the only person to have ever been awarded the Fields Medal three different times. His maths cannot be questioned, even with Maths.

BlackHatCoiner

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Quote from: proudhon on May 16, 2021, 05:19:04 PM

It's not mathematically possible.

Were the $100 “mathematically” possible back in 2010?

samson

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Quote from: keystroke on May 17, 2021, 02:44:58 PM

Wow, proudhon is still here. This guy is a legend.

Yup he's been here saying exactly the same thing since I bought my first coins at around $12, probably way before that.

snipie

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Quote from: proudhon on May 17, 2021, 12:30:24 PM

Quote

Is what we seeing on the markets the doing of Elon Musk with his tweets linking bitcoin mining to the increased carbon footprint?

Yes, Elon has proven to everyone why bitcoin cannot work and has failed, and institutions will not invest in it anymore.

We should close Wall Street then since basically everything there could be manipulated whether by fake news or what I call shadow contracts and so on. Gamestop manipulation by both sides (people buying stock shouldn't be called manipulators tho) is the best example along with oil prices.
Back to institutions not investing in bitcoin because it is easily manipulated by people (and not by govs Roll Eyes

), so long folks, better to have one believer than dozens of profiteers that will quit the boat with the first (and only) wave.

acener

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Nope I doubt it as we've seen before Bitcoin could drop down so much after hitting an ATH but after a couple of years it would set a new ATH and get higher and higher.
So if this is the same cycle of 2018 then I would just wait for it to repeat the 2017 and 2020 bull run and make another ATH.

Quote from: proudhon on May 17, 2021, 12:30:24 PM

Yes, Elon has proven to everyone why bitcoin cannot work and has failed, and institutions will not invest in it anymore.

Then would you follow Elon and go all in on Dogecoin because it is the crypto that he is pushing up?

keystroke

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Wow, proudhon is still here. This guy is a legend.

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