Topic: Summer dip?!, December price outcome? ---> JOIN and guess the price GO! - page 12. (Read 7287 times)

Well, I did not mean an instant collapse from the 50,000 mark, and I am not inclined to think that at this stage the altcoin market could collapse while Bitcoin continues to rise. A parallel decline, and further mono-growth of Bitcoin (leaving the alt market at the bottom) is the only logical outcome in which Bitcoin can regain 60% dominance and at the same time the capitalization of the entire market will look more or less reasonable.

Speaking of 4 trillion capitalization, I just drew a parallel with the current capitalization with the estimated price of bitcoin. Otherwise, how much can the total market capitalization be if the bitcoin price reaches $ 100,000? (although I probably even underestimated the estimated figure if the price reaches $ 100,000).

That's easy to explain: the total Coin Market Cap is irrelevant! Check the Top 6:
BTC, ETH, ADA, BNB, USDT and XRP. I'm not sure about ADA, but 4 out of 6 (ETH, BNB, USDT and XRP) are all centralized and centrally controlled. That's 30% of the total market cap explained right there, and none of them come close to what Bitcoin stands for They're basically businesses selling their made-up and completely controlled coins.

You can just as well add CBDCs to CMC once Central Banks create their own centralized digital fiat. Bitcoin's market cap will instantly drop to a fraction of a percent as they can create trillions of dollars worth of fiat. But non of that matters to Bitcoin.
The IMF warns countries against Bitcoin adoption. That only makes me believe they fear to lose their grip on money, and I can't wait for that to happen.

When Bitcoin was at $7000 last year to the extent it decreased below $3800, it was very surprising how it got to over $60000 this year, this still make it possible for its price to be able to increase to $100000. Although, altcoins are the inhibitors but what we need to focus more on are investors, like if investors invest more on bitcoin, are their 1% to 10% of their total wealth which we believe can be invested on Bitcoin can get Bitcoin marketcap to $2 trillion. About Bitcoin, there is nothing impossible, it has been a coin that has surprised people with its marketcap and price uptrends.

I am not implying bitcoin can not go sideways but it is very possible for bitcoin to get to $100000 as well. Although, what I am thinking about that could make more investors to invest more is halving, but next halving time is still long and anything can still be possible before the time.

The total capitalization of the entire crypto market is just slightly above $2 trillion, look into it very well and correct me if wrong. Yes, bitcoin only need to get to $2 trillion marketcap to achieve a price slightly above $100000 with the present circulatory supply of 18.8 billion. And we can remember vividly when the marketcap was below $150 million last year IIRC.

Historically shitcoins' dumps have created some sell pressure in bitcoin market, since only a tiny portion of the "money" exits through bitcoin (shitcoin > bitcoin > fiat) instead of simply be converted to bitcoin (shitcoin > bitcoin) or directly converted to fiat (shitcoin > fiat/stableshitcoin).
So this sell pressure has never been and can never be strong enough to cause any kind of a big drop and definitely nothing even close to 60% drop as you suggest here!

Basically the worst case scenario would be 10% drop and actually the most probable case of a large scale altcoin dump is a massive bitcoin price surge since a lot of money escapes the vaporware market and comes back to bitcoin.

As I said, I see positive aspects both in the growth and decline of BTC, but I am still quite skeptical of the market as a whole due to the fact that bitcoin dominates by only 42%. In this regard, it is hard for me to believe that we will surpass the $ 4 trillion mark in total capitalization, unless Bitcoin shakes up the Altcoin market, (with the current dominance of BTC, the 4 trillion capitalization of the entire market is equivalent to the price of $ 100,000 for 1 bitcoin).

I mean, all these shitty coins with billions of dollars capitalizations are like weeds and parasites, which sooner or later will provoke a mega collapse, and I believe that the situation will be worse than it was in the desk last year. All this zero value shit will pull Bitcoin towards the $ 20K mark while the alts themselves will lose 90/95% of their value.

I will be glad to hear if you write more in detail about this .. for example, in one of those topics where we often chat.

I agree with you .... and sometimes investors and traders like you are more careful and tend to be more effective and efficient in analyzing future prices because theoretically those with small capital will be more patient to wait for big profits even though it's long term

I predict bitcoin is still holding back towards new ATH this year, due to the many catalysts from various countries in holding interest rates.

Behind the curve is a very important in the investment world and influences the direction of the market a lot, especially if the Fed plays an important role. Because currently investors and investment fund  are still wait and see to hit the market, I'm prefer to prepare a little money if it turns out that the central bank goes along with the curve to suppress inflation, which will cause bonds to fall. I only see from various resources that affect the market


I'm just a small investor and trader who takes profit by being a patient. Applogize if my analysis is wrong!

166 to 180 still looking ripe, doesn't it? I know we still look like having trouble even testing 50k but I honestly no longer see my 100k odd prediction as safe any longer.

Interesting thoughts you got there about covid, icopress, and I say this somewhat extrapolating your predictive analysis on the sports threads

But your prediction is $60,000, obviously you shouldn’t change that prediction. The question might be pointed towards the people who made those bearish predictions going under $30,000. It might also be “mockingly pointed” towards them by El duderino_?

 

I would. I don't think we'll see $40k again after August.

negative.

Due to Covid-19, many newcomers have joined the crypto market, which has caused prices to rise.
Prices are at a new high recently. I feel I want to develop towards 60k.

Same answer:

I could have gone a tad higher now, but moving further away from Dabs' prediction and closer to DeathAngel's doesn't feel right:
Anywhere from $166,875 to $180,922 sounds pretty good to me

Would you change your prediction due to the market changes since then?

wait, there was a question? was it important? lol

Eeeeuhm … same question 

Crude oil price significantly decreased during Covid-19, during lock-down. At times, the oil production-cut to reduce supply can also be an effective way to reduce the severity of oil price drop, if the supply is reduced, the lower will be the fall, but if the supply is not reduced, the more will be the fall. So, the supply reduction will only most likely result to positive result in oil price towards uptrend or to reduce the price not to go more down side. During lockdown, people and industries that were using crude oil by-product significantly reduced, or they reduced its usage, then price falled will surely ensue as the demand significantly reduced. What can still help a little is to reduce supply (reducing oil production at the time) so the price will not be negatively more affected.

The price of bitcoin is affected by buying and selling, which means the price is affected by people, the institutions are controlled by people. Why the whales accumulated Bitcoin more after halving? I believe some really waited for the time. Also why China FUD plumented Bitcoin price to $30000 from $45000 before Bitcoin increased back above $45000. There are many factors that would be considered that can affect Bitcoin price. Even if the institutions affect the price, it is not still the only factor that can affect Bitcoin price while many of the institutions want Bitcoin price to appreciate, people like Michael Saylor. But before the recent bull run, one of the suggestions was that Bitcoin into exchanges from wallet reach 6 months low , while people moving bitcoin from exchanges to wallet is an indication that most holders do not want to sell at the time, while also miners accumulating is also one of the factors to check, and many others.

I remember well that night, the night when I tore my hair three times ... when everything collapsed, when the oil dropped to negative values (which, by the way, has nothing to do with covid). The oil price collapsed not at all due to the fact that planes did not fly, and trains did not travel ... it was at that moment that restrictions on reducing oil production were lifted. I understand that people see what they want to see, but I also saw how much Bitcoin is dependent on financial institutions that we discuss with such skepticismб (the same night, the night when Bitcoin vtoch followed the S&P500 chart). Nostalgia in one word ...

Imo covid wasn't te reason ... as you say... a last max fear moment

Testing the strong hands