I have seen many Bitcoiners post on Twitter that they expect to surge fast to $100,000 after Bitcoin breached $50,000.
These are mostly the same people who were also saying recently that price will "surge" down to $10k when it dropped a little when it was stuck behind one of these resistances such as $50k itself that are now the strong buy support.
In any case I don't think we are going to see the big surges that some people were hyping, it is too soon for them. Those big surges will come near the end of the bull run when price is closer to $500k.
If you guys are expecting bitcoin to go above $50k and then just get stuck above $50k as a kind of support.
Bitcoin no doesn't work like dat.
Either it goes up or down, it does not just get stuck (especially at the top of a range).. .so we will see what happens next. I already said that I expect that the greatest possible scenario is for BTC to go from breaking above $50k to a range of about $58k to $62.5k.. and then perhaps correct or perhaps not. But hey, even a greatest possible scenario may only have a small chance of occurring if weighed against various other possible scenarios.. but anyhow.. that is my sense.. and yeah, BTC prices could correct 25% or more from here or they could shoot past $62.5k to some number short of $100k and of course the shooting straight to $100k does also remain a possible scenario, but does not seem to have very high odds.. even though it probably has better odds than correcting below $20k... so there is that comparison of possible scenarios, too.
Another thing is that any price performance remains both a product of quantity of movement and also placing a time frame upon such movements if they were to happen. Lots of UPpity price pressures that could carry us through the whole weekend, unless such UPpity price pressures stop. Gotta cover both directions.. with flat being amongst the least of likely scenarios.. like I already suggested in the second line of this response.
I believe the “range” will be $48,000 - $52,000, with Bitcoiners proudly announcing that “Bitcoin will not trade below $50,000 again”, BUT it WILL trade below $50,000 again, with nocoiners and big blockers laughing with jest.
It’s $10,000 all over again, I tell you. The $10,000 before it surged to $20,000. Where will The Last Laugh will come from?
If anything,
if you are trying to make a comparison to bitcoin's 2017 price performance, $50k seems to be acting more like a parallel to $3k rather than a parallel to $10k.. but whatever you can believe whatever you are going to believe.
I think I already said enough on the topic for now.. especially regarding BTC getting stuck at a top of a price range (which does not really happen), and we will see how BTC price dynamics play out in the coming weeks or months.
I was trying to make a comparison to Bitcoin’s 2020 price performance, from May to July.
That's even worse, Wind_FURY.... hahahahahahaha
You are going down hill in your comparisons.. at least from my perspective, whatever that's worth?
It was going above and below $10,000, with the big blockers, nocoiners, and trolls laughing at anyone who said that, “Bitcoin will never be below $10,000 again”. Who is laughing now?
Well that part makes sense.. because sometimes the down hope-ers and those "waiting" to buy for lower prices frequently will over-wait and continue to expect a correction that does not end up happening.. and now many are saying to say good bye to sub $20k and others are saying say good bye to sub $30k and even going so far as suggesting to say good bye to sub $40k... and so, the lackenings of significant and meaningful corrections do cause some to worry that they might not be able to buy lower and others to rejoice.. maybe prematurely, but who knows?
So, yeah, I surely am included in the group who appreciates seeing some of the fence sitters or the bitcoin naysayers left behind and even those who sold too much too soon.. leave those fucks behind, too... they may well be valuing too much in fiat, and so they can keep their fiat profits, and so in that sense, it is nice to NOT see any kind of correction so those kinds of folks can just suffer from their lack of holding onto enough BTC to pee pare their lil selfies for the possibility of UPpity, that seems to have happened and continuing to happen with or without their buying back in..
BITCOIN WILL NEVER TRADE BELOW $50,000 AGAIN!
I like the idea... but surely I have my doubts.. but hey, it could happen, even though I would assign a pretty low probability to such a scenario.. maybe less than 20%.. but what do I know?
O.k.... I guess I am kind of getting what you had said, and so we just have differing ways of framing the matter and probably differing assignments of some of the probabilities to various scenarios that could end up playing out, but likely NOT too far apart in some of our ultimate considerations.. including that likely neither of us had not failed/refused to adequately pee pare our lil selfies for UPpity by either holding onto our coins and surely not selling too many too soon.. so there is those kinds of bonding points that we share... hahahahahaha
#nohomo..
