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Topic: How likely do you think it is we see triple digits in 2019? - page 2. (Read 375 times)

legendary
Activity: 1806
Merit: 1521
I'm glad to see even old timers think there's a good chance. Sentiment is getting mighty gloomy! Double digits seemed obvious back in 2015 too. But they never came, and then bears got massacred. Wink

I'm not gloomy in the slightest but I never, ever expected to get as high as it did. Thusly similarly I'm probably not expecting it to get as low as it possibly might. It don't really matter. Let's get it out the way and forge onwards. I'll be here no matter what.

In a long term uptrend, it really doesn't matter how high it goes. There's no upper limit. But I don't use that as a gauge for how low the price should go in a crash (because we're in a long term uptrend). In an uptrend, we wouldn't plunge below historical cycle highs (2013). Triple digits might not spell out "Bitcoin is dead" but it would tell me the 2009-2017 uptrend was dead.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I'm glad to see even old timers think there's a good chance. Sentiment is getting mighty gloomy! Double digits seemed obvious back in 2015 too. But they never came, and then bears got massacred. Wink

I'm not gloomy in the slightest but I never, ever expected to get as high as it did. Thusly similarly I'm probably not expecting it to get as low as it possibly might. It don't really matter. Let's get it out the way and forge onwards. I'll be here no matter what.
legendary
Activity: 1806
Merit: 1521
"Triple digits" at this point is like "double digits" was in 2015. It's a unicorn. The chances are extremely low, unless you firmly believe Bitcoin's long term uptrend is over and we're beginning our descent towards $0. Assets don't fall below historical yearly supports, and then recover and bubble to new highs. That doesn't happen.

I'm glad to see even old timers think there's a good chance. Sentiment is getting mighty gloomy! Double digits seemed obvious back in 2015 too. But they never came, and then bears got massacred. Wink
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
the start of this rise was from above $1k which is 4 digits so even if price were to have some ridiculous drop it shouldn't go lower than that! which would be impossible for me to imagine because despite what we all know about manipulation, it is not that powerful to cause such a gigantic drop...
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I'm going to give it a 38.7% chance. You can have blow off tops where the price ludicrously overshoots, and indeed we had one. This means you can just as easily have blow off bottoms where it crazily undershoots.

Both prices are talked about, obsessed over and referred to for years afterwards but in reality very little actual money changes hands. They're the tippiest tips.

I'll wait for the end of Q1 next year before thinking the possibility of it has receded.
newbie
Activity: 43
Merit: 0
Inspired by two equally bold and opposing calls in the Chessnut's 'Critical Level's' thread (85% and 20%), thought it would be interesting to see what anyone else has to say ...
Poll closes in 23 days, unless target hit earlier  Wink
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