Tc , i did read your post and maybe i got it wrong. You did state last time the price rose to 1200 within 6 months after halving. You stated This time it can end up at 10 000% , 100 x current value of btc 650 usd= 65000 usd. I took it as you were saying this 100 time increase will happen like last time within 6 months after halving
At my age i should know better not to read and reply posts after a night out . So , i am sure i got your post wrong
As for the banks buying into btc, i understabd now what you mean so thank
you for clearing that out. Hopefully in near future banks jump on the btc train to secure profits
At my age i should know better not to read and reply posts after a night out . So , i am sure i got your post wrong
As for the banks buying into btc, i understabd now what you mean so thank
you for clearing that out. Hopefully in near future banks jump on the btc train to secure profits
Yes, last time it took 4-5 months to go 20-25 times higher (which suggests 13 k usd) and then dump around 4-6 kusd and from there to moon. The landing on the moon from now should take around 12 months from now if 2012-2013 will repeat itself. That is very visible on the charts.
This time it might be different. It may not go in the same pattern (might fall short or might go beyond).
The fundamentals are better with btc than never before. Inflation is in a level bankers might get actually interested, if not this time, at least after the next halving in 2020.
That being said, I recommend to be consistent with btc, just buy more every week, when you spend it, imagine you spend 400 k usd future value now (this makes you pretty stingy).
25 btc might buy you a nice home from the richest neighbourhoods in the world in the future, selling btc just causes you taxes so better just hodl and see what happens and not to sell if the price rises 50-10 % from now.
Imagine how much those people regret their bitcoin sales of sub 100 usd when it crossed 100 usd/btc in late 2013 for the last time. They were not able to refill it that chep never after that.
the main problem with people thinking we might get a repeat of what happened in 2012-2013 is the amount of money needed to do this same thing again is colossal. The first ath required a shit ton of money thrown into bitcoin but to do that again theres no way. Theres just not enough money to send us that high. its a nice dream but just that, a dream.
1800 btc is mined every day.
Today price is 664 (Bitfinex).
To maintain the current price, 1 195 000 USD has to chase after btc per day in addition to the reselling.
In June before halving btc pricd was also the same, and that needed 2 390 000 usd new money per day.
I do not know where are you living but I do not think it is not that much money. Bitcoin is currently the same size marketcapwise as some blue chip company. It is not even close to the size of a global online currency.
All is needed is more people getting involved into bitcoin. Sometimes the rate of adaption is higher (the price rises). Sometimes it is lower (the price gets lower). The old time bitcoiners have sold most of their coins and there are very few individuals who have any larger amounts of coins. Please bear in mind the fact that only 21 000 000 btc can be held. That's very small number in global scale.
You can sell your bitcoin only once.
