Topic: Summer dip?!, December price outcome? ---> JOIN and guess the price GO! - page 13. (Read 7287 times)

You are right about BSV, but with AMC things are very different. It's all about real estate, and if AMC does not generate income at all, then the shares of this company will continue to grow as long as real estate prices in the United States continue to rise, (I'm talking about 1,000 cinemas they own and 10,000 screens). As a consequence, after the recession of Covid, the price of their shares slowly returned to normal, although it is possible that the guys from the WSB crowd could have contributed to this. Correct if I'm wrong, but I hope you get the idea.

You guys whatever you want, but I am deeply convinced that against the background of the adaptation of our generation to economic downturns and cataclysms, the world's financial elite needed a new effective instrument that could give a recessionary impulse. For this reason, covid appeared, and this is a fact.

You are correct, the crash was not because of Covid-19, but it was affected by it (indirectly). If you check the media during that time you can clearly see that there was a huge campaign going on trying to convince everyone that "bitcoin is following other markets" whereas bitcoin has NEVER EVER followed any other market in its entire history!!! Soon after as bitcoin recovered while other markets continued struggling for months the "manipulation campaign" in media stopped too.

The crash wasn't even new! We had the same exact thing in 2015. Basically each time at the end of the cycle when the bear market is ending and is being replaced by the "reversal" and the bull market there is a similar attempt to crash the market for one last time. They also use some excuse for it too. During last cycle they used "bitcoin is dead" excuse and crashed the market from almost $300 to $150 which is the same almost 50% crash as we had when price was pulled down from $6000 to $3000 as the last attempt before the reversal.

I did not believe the price crash was as a result of Covid-19, it was still during Covid-19 the price also increased to $10000 before it decrease to $8200 pre-halving price. I did not know what also caused March 2019 (not only March 2020) Bitcoin price crash, Bitcoin decreased to $3800 in 2019 and also decreased to $3800 in 2020 until the whole thing change after halving.

The price dropped to $3k last year when ~all financial asset prices were crashing due to panic over covid.

The price of bitcoin hit a low on March 14, 2020, and on March 15, 2020, the Federal Reserve announced it was going to resume QE. The US stock market (QQQ) hit a local loc on March 23, 2020, which is the day the Federal Reserve announced it was going to increase its QE.

Do you really think AMC is worth $17 billion? It is a shrinking company whose market is shrinking, and its valuation is 55 times its last annual profit. Or what about BSV? It has a market cap of >$3 billion, and is a coin that can be 51%'ed for a few hundred grand per day, and has insane technical specs.

I think it is difficult to seriously argue that QE is not causing rampant financial speculation and inflation. Once this excessive QE ends, so will the financial speculation, and financial asset prices will fall.

I am not a troll, and I am a long-term believer in bitcoin. I am not going to disclose my current holdings, however, in the past, I have held both large amounts of bitcoin, and a stake in a major bitcoin-related business that will only succeed if bitcoin succeeds.

He sold to pay bills, he knows prime is a troll.

Thats the joke.

Ohh, duh...I missed that you were playing off that joke!

ok but I mean when you draw that graph BTC was $32,852 and today currently it's trading at $46,291, that's +40% up and that's too within last two weeks.

And remember no media no elon shit was involved.. it's bitcoin's pure and genuine hard earned rise 

I just read in a news lately about how 2021 bearish trends may not be and as never been like 2018 when the price of bitcoin plummeted from almost $20000 in January 2018 to almost $3000 in December 2018, that all investor cohorts were responsible for the significant price crash, as many initial coin offering at the time also turned either vaporware or scams at the end, which played a key factor in the marketcap crash from $700 billion in January 2018 to $102 billion in December 2018.

But in 2021, the crash as been different, also according to blockchain analytics firm, investors that have held Bitcoin for over a year showed lesser interest in liquidating holdings if compared to people that have just invested in the last three months, the period when Bitcoin price has been in bearish direction.

This news makes me to be thinking the price of bitcoin may not fall below $30000 by December, many institutions are now into crypto, people holding Bitcoin for long are not likely to sell. Although, the inappropriate Elon Musk tweet about Bitcoin that caused bear market that resulted to Bitcoin price falled from all-time-high to $45000, and also the China FUD that made the price to plummet the more to $30000, and yet Bitcoin is recovering back. I check the 2018 chart before making the prediction of $26,242, but I think the price of bitcoin may not fall to that extent. Although, I do not know if all-time-high can be achieved before then as all-time-high has usually been after Bitcoin halving, but maybe,q this time may be different.

No, I spent 20+ years developing my straight 2 line method (tm)
Look at this graph:


The current price is still within the range of my previous model. LuL

If it does then the prediction was worthless because when one is speculating about bitcoin price in long term one should not be affected by the short term fluctuations market manipulations. It is like those who were predicting a dump to $1k when out of nowhere price dropped to $3k last year.

Thanks for the discount

Honestly I think we will reach new high’s before/at the given date….

You convinced me to sell 1477$ worth of BTC today😊

I'm touched ... 

I would not change my mind, since the situation may change significantly until December, besides, my forecast puts me in an advantageous position, since if I was mistaken, I would be happy to sell my bitcoins at the new ATH level. The outcome in which my forecast turns out to be correct will also suit me, since I will be able to buy more bitcoins, in addition, the entire lower range of the forecasts has a large price step, which also affects the odds. 

But it wasn’t in the original game post …. So nothing changes for this game

Yeah I think some are really having mood swings caused by price reaction… naaah no price changes

I was thinking about I don’t remember who it was, but someone suggested the idea of a game and like half way the 20% or something closest to the price of letting them change there price or something….

Many would reply it would be irrelevant, but what caused some people to make a prediction that Bitcoin will crash further under $25,000? Simply their mood and reaction, depending on the current state of the market.


Will you let them change their prediction? Some of them might predict a price that you might want to see. 6 digits. Hahaha.

I’m just curious that a sudden pump would cause a change of mind or if it’s irrelevant in your predictions….

Should it be relevant or irrelevant ??

The prediction was over a 6 month time frame, so I don’t know….

?

icopress

My prediction was intended to be below all other predictions so to be the catch all of bearish predictions.

I continue to believe there is a ridiculous amount of excess in financial markets, which is being caused by QE. Similarly, I believe that QE is causing inflation and is going to cause increased levels of inflation. This will ultimately mean that QE will need to stop and short term interest rates will need to increase. Both of the above will cause an unwinding of speculative bets in assets that includes bitcoin. This will make current levels of many asset classes to look like beyond the moon.

This does not speak to the long term potential for the price of bitcoin, but rather the price over the next several months.

It is possible that the fed allows inflation to get out of control, which would mean the above will be more pronounced, but will take longer.

I picked 37k as my number expecting the price to mostly go sideways for a couple months, I was wrong; although a lot can still happen, I would probably have picked some number in the 45-60k range now, maybe even above the current ATH.

I still like my prediction and haven't faltered on it in the least.

I think we will break 100k before December and settle into a little sideways about 65k for a stretch.

Now where that stretch is is anyone's guess!