Topic: I wan't to believe - page 7. (Read 3241 times)

to be honest these numbers look good but at the same time look like the guess-works that people use to throw numbers at each other and call it "speculation" and it works both ways, it is not always them guessing doomsday and drops!

the trend line these numbers form are very similar to the data we had in the past if you extrapolate it to today which is why i said it looks good but again you can't use the past to predict the future. bitcoin today is growing so much faster compared to bitcoin in the past like 4 years ago when it was getting ready for the big rise to the new ATH like it is today. so we can't expect the same rate here too.

I really not understand what you mean by this question. The chart is just a representation of the market value of a currency over time. This can be adjusted from a couple of hours to a couple of months.
People interpret the charts uniquely and based on their own analysis. It's a prediction, not a certain type or a prophecy.
Do your own research and make your own financial decisions.

from my maths of many years .. for btc to have a STABLE VALUE of $16k+, $29k+, $56k+, $87k+
the cost of mining it needs to be up near those area's.

no one can predict the rare one time spikes of hype speculation ATH price points. as they are random and speculative.

so ignoring random spikes of speculation to cause a rare event of a ATH reaching the number.. and instead think about the underlying VALUE where the price refuses to go below a certain point bcause its stable VALUE is atleast the number.. involves having the majority of the community not wanting to sell below that point. which is done over time of not being able to offer cheaper prices via mining and via the majority of traders already selling off cheap where the new buyers set their limits at new levels.

think of it this way. if people can profitably mine. they wouldnt buy coins but instead invest into mining and sell a portion of the rewards to get returns and keep the profits. by there being less buyers and more sellers the price wont rise.
this is why when mining cost just a few $100's but the price spikd to over $1000 in 2013 it didnt last long. hense why we should ignore stats about temporary spikes.

but to have the stable point where prices dont go below say $16k. it has to be a time where majority of traders refuse to sell for less and mining is not profitable to sell for less. thus giving a nice $16k resistance.
my research into this stuff has shown that the hashrate needs to near double todays rate just to give good support for a $16k value

Absolutely BS.

If you are so confident that Bitcoin will reach such ridiculous heights, then put your life savings on it. Right now, BTC is only worth around $8,300. So you could make almost 7x your money within the space of less than a year.

You clearly don't believe your own predictions, otherwise you would be all-in already. I know if I truly believed something would gain by 700% in 10 months I certainly would.

Crypto Prophet, lols. For sure I had great believe in these predictions early this year especially when bitcoin was $13k+, sadly, I can't explain what slow down the pace of movement. We still 3 months left in this year to see if all these come through. Bitcoin is unpredictable. It may suddenly pull a surprise and move up fast.

I do believe in the previous months that the chart is showing some kind of bullish promise but let us live in reality that not all prediction are true. But even though we did not meet such huge value or we will not hit our expected 20k$ value or more this December what is important is that bitcoin recovers from 3k$+ to 10k$ before it dropped to 8k$. This is still a good increase in value if we look at an annual basis. So far bitcoin have shown a bullish pattern but unlike the 2017 bubble, right now we have a realistic uptrend without any hype.

You must be referring to this one:


Anyway, he might've been right on the first few, but who's to say that this "prediction" is 100% accurate? Take note that the goal of $16,000 in October, bitcoin pretty much needs to double in price with it's current price of $8,400. While it's very unlikely in my opinion and I really doubt it, it's really not that impossible. Remember, we're talking about bitcoin, which exceeded our expectations in the end of 2017.

While I wish the dude's right, don't get your hopes up.

Tons of people have referred to that proclamation. Only a month left for it to prove its mettle.

Once upon a time everyone swore by a chart by this fella - https://www.tradingview.com/u/PentarhUdi/

This one specifically - https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/  - until its prescience came to an end and he himself admitted he didn't really know what's what any more.

Some make good calls but they all fade away in the end. I don't expect this one to be any different.

it is not dominance but with the way sometimes they create large number of shitcoins each of which have unimaginable supplies in the trillions and thousands of trillions, it is easy to create fake market cap and bitcoin with only 18-19 million will end up having a smaller percentage.

I remembered that I read Some of the articles, just forgot to save the link in which is someone saying like this,
"the bottom was December 15 2018, just look at the charts. We are in the bull market, We are currently in the last 3 months
of accumulation stage. After that We will slowly rise and rise. Then We will boom, Screen cap this

April 2019         - BTC5300$
July  2019         - BTC9200$
October 2019    -  BTC16,000$
February 2020   - BTC 29,000$
July 2020          - BTC 56,000$
November 2020 - BTC 87,000$

According to them this will be a 1.5 trillions in market cap.
The dominance of bitcoin will only be 40%-46%
Does the chart never lie? Just trying to get your opinion on this matter.
But honestly, I want to believe on this
Have a good day to all here.