Bitcoin will not be able to stay above $50k for 10 consecutive days ever again - page 2.

proudhon

legendary

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

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

That's right.

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BTW what are you basing your statement on

Scientific and mathematical analysis using proven and confirmed methods.

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is bitcoin dying?

100%, yes.

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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.

shahzadafzal

copper member

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

Easy call.

It’s ok no need for consecutive ten days... in fact two fivers are equally fine though.

Woodie

hero member

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Rollbit.com ⚔️Crypto Futures

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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

rdluffy

legendary

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I see that you're totally confident that BTC will crash to sub 10k USD again
Ok, I respect your opinion, but I'll trust you (and maybe everyone else here) if you bet all, or a huge amount of money against BTC

Do you have courage to do that? It's easy money if you are sure about BTC price

STT

legendary

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Merit: 1454

You have way too much confidence in the dollar whatever opinion you have of Bitcoin, that should be the first port of call when deciding large calls over years. We could have plenty of time for you to read up on details why it is possible, you dont have to believe it as such but just realise all targets are feasible considering the likely path after such debt unfolds. The dollar supply in future years is far beyond demand for it especially if it no longer continues to be used as the global reserve currency.
Why would you look at the highest prices in debt for centuries and decide Bitcoin is where the greatest problem must be, at least modify the estimate to include a ratio to some commodity or country with a positive trade deficit etc. If Bitcoin or any other price is not the primary cause of impossible pricing we would be wasting time arguing on your preference for which price is going to inflate first, most, last.

proudhon

legendary

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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.

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.

suchmoon

legendary

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https://bpip.org

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

proudhon

legendary

Activity: 2198

Merit: 1311

Easy call.

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