Topic: Summer dip?!, December price outcome? ---> JOIN and guess the price GO! - page 6. (Read 7079 times)

mikeywith - can you tell me where to generate this chart?

never heard 5000 trillion for all the value in the world.

have heard 100 trillion
have heard 200 trillion
and even 300 trillion.
 
If you figure inflation is baked in and next year it is 6% due to the 5.9% rise in social security checks.
If you say we are trully 300 trillion and add 18 trillion due to inflation a guess that btc could do 2x or say 128000 seems reasonable as a low number for 2022.

 

Where are you getting the $5Q number from? I'm not even sure if it's that much even when all derivatives are included. Maybe your number includes the value of all natural resources on Earth and on the Moon?  

But I agree there's potentially a lot of room for growth, provided there won't be too much friction when exchanging to/from fiat currencies, and that's uncertain.

Perhaps you are getting too distracted in terms of reading my assertion about what is "funzies" literally.

We already know that with the passage of time, the players in bitcoin have become more and more sophisticated, so it does not seem to be productive to be overly generalizing about the character of the bitcoin market players in 2013 versus 2017 versus now or various points between.  

Surely, there is an evolving dynamic regarding both who are the market players and what kinds of BTC financialization (manipulation) tools are available to them in order to attempt to profit, whether they measure their profits in fiat within the BTC space or whether they are able to attempt to manipulate BTC profits to either make profits or stave off losses in other areas that they may perceive to be BTC competitors.

The BTC price is going to experience volatility in accordance with the various evolving tools that are available, and I doubt that we are even disagreeing about the likely ongoing changes in regards to the sophistication or size of the various players that are coming into BTC.  I believe that we differ in some sense in that you seem to believe that there is some kind of sudden and meaningful change in the players and tools that really matters in terms of altering the various formulas (and price prediction models) of the past, and I largely characterize these changes as a BIG ASS SO FUCKING WHAT.  

In other words, it seems really silly to me to be speculating all of the various ways that the BTC market is going to be changed and downplayed due to the various BIGGER players and changes in the BTC space, when the reality of the matter is that we have not really seen evidence of that and there are a lot of ways that speculation and theory can be made that show the changes in the BTC space make the players BIGGER and the tools BIGGER but a lot of those increases in BIGNESS end up being a wash in terms of really stiffling the various BTC models - so what ends up happening largely ends up being comparative to previous times even if the players and the tools got BIGGER.  

So yeah I agree with you that instead of having a bunch of snot-nosed 14-year olds trading in their basement we have bankers, big companies and governments starting to dip their toes in the BTC battle ring, but bitcoin is already built to anticipate this kind of happenings, so the affects are not really changed in any kind of meaningful way.. except yeah, instead of getting 100x to 200x volatility in 2-4 years, we might only get 20x to 60x in the same time period... yet even with that level of lower volatility, it still remains as a greatly volatile asset with a whole hell of a lot of upside price potential and even a whole lot of abilities to push the price 50% up in a short period of time just for "funzies" (even if you don't like the word "funzies" and you seem to read too narrow of an interpretation in what I am saying when using such "funzies" descriptor).

BTC could go up ⬆️ a lot.

Flash crash of Feb 2020 3900

Now Nov 2021 68000 thats a lot.

In less than 22 months.

over 1 trillion usd.

So do I think it can do 1 trillion more in 22 months yes it can. but a coin would go from 68k to 115k (off the top of my head math)

do I think it can do 2.6 trillion more in 22 months yes it can. but a coin would go from 68k to 200k

not 3900 to 68000.

realistically seeing 200k btc in 2024 would be possible why not.

but 3900 to 68000 is more than 16x in 22 months

do i think btc will do 1 million in next 22 months no i dont.


but i think from summer 2021 price of 30k to 500k by fall of 2023 which is the same as 3900 to 68000 in 22 months is possible.

so is it too late for anyone to begin stacking sats no it is not.

Yeah, I saw it myself at 10,000 -- one guy liquidated and left even this forum (but at least his reason was just to enjoy life and stay true to his personal price target), but a few others I was in contact with did that because they thought that really was it. I wasn't around for $10 or $100 but Twitter and memeverse record plenty of instances.


+100!

I still can't believe reading the reasonings altcoin shillers make up for their x1000 "analyses". People still can't wrap their heads around the fundamental supply and network reasons for why Bitcoin is valued the way it is, choosing the lazy route of projecting market rationale and capitalization.

Bitcoin IS too big to pump (or dump) but that doesn't mean we aren't going to see massive rises and falls. Lest we forget it was 11 months ago when price went from $20k to $40k (100% rise) in only 20 days. Or the latest surge from $41k to $67k took about 21 days and $60k has been a big resistance, who knows what is going to happen when price enters $70k territory.

Don't underestimate the power of panic buyers

I believe you, but it’s not the same players of the early years who were manipulating Bitcoin in their basement “merely for funzies”, and communicating with other traders through forums and IRC. It’s currently a more sophisticated set of players who, I believe, won’t do anything “merely for funzies”.

I am not sure about all of the points that you are making buwaytress, but I will acknowledge that your point about the "it's too BIG to pump as much as it used to pump" blah blah blah nonsense has been a repeated theme (talking point) to cause people to fail refuse to adequately prepare for UP on a number of occasions, just like you mentioned.. $100 $1,000 and a whole hell of a lot of other price points, too.  The same nonsense has been asserted to cause people to believe that they are justified in investing in shitcoins also, and largely it seems that bitcoin has been absorbing value in such a way that it has been keeping up with its own various value propositions.. and sure, maybe it cannot pump as much.. so instead of going up 1000x and then 100x in various subsequent time snapshots, it might ONLY be capable of going up 50x in a similar time snapshot, but still does not mean that it cannot continue to have exponential price rises that continue to beat the pants off of a large number of other asset classes and to remain as the best in vestment, even if there might be uncertainties regarding how much it is able to pump in some 4 year cycle or if the cycle might deviate from its earlier time expectations.

my guess is above

According to PlanB he predicts November closing around $93,000 so yes I would
agree that a 16.7% rise to December 7th is very conservative.

By tweaking the list [to include myself  ] I am eliminating everything under the ATH.

Brain tells me "too big" but brain also is reminded by everything else going on around crypto and fiat how pointless it is to rely on brain (for instance, the US dollar which was certainly too big to just allow to print to insanefinity, yet went ahead and did anyway). And god knows how many people thought $100 was too big, or $1000, as evidenced by countless hands letting go at those peaks, believing the unbelievable had impossibly happened and that that was it.

We've even got bloody JPM ascribing the true value "minus volatility" of Bitcoin today as way more than S2F's 130k range, so who's to say that very same weakness can't push price above and beyond what's "true"?

If I win, I'm throwing a send-pizza-to-all-participants party with the prize, cause I'll be flush =D

You can believe whatever you like in terms of the BIGGER players abilities or inabilities to move the market or to take advantage of momentum to push the market further than what it might have otherwise gone, and even your seemly somewhat detached beliefs that BTC market has become "too big" to move.  

This belongs here. Note that the "winner" is based on the current price, this is not the final result yet as the contest is still running:

If I win I will give you 0.00069696 btc of the prize of 0.077 btc

That makes me the second favorite! There is a chance!


Merely for funzies? I believe the market isn’t like the early years anymore when whales made the market surge, or crash simply by market buying up, or market selling down, liquidating longs or shorts.

Now, you can see yourself who's currently closer to win the prize! (Depicted and available in BBCode so I can make your life easier)

Quoting my other message:

You stole my 69,696 you prick, so I had to go all 3vIL

Me at 70k 😊

why not?