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Yes it's,
I don't know if I am also permitted to have his picture posted here as I don't want to deviate from the main purpose of this mega thread.
Anyway thank you.
Pretty much anything goes in this thread as long as you are not pumping shitcoins.
And also: Yay, once again crossed 100k.
Edited to add: I wonder what Scrooge McDuck said in the english original really, I only know the german translation (and the honorable Erika Fuchs took quite some freedom in translating, i.e. Scrooge was in Germany Dagobert Duck).
In german the original above sentence was "Wer den Kreuzer nicht ehrt, ist des Talers nicht wert") and it was truely something I learned to adhere to when I was like 7 or 8 in the 70s.
In recent times, it's becoming more and more unrealistic for normie newbies to bitcoin to even be thinking in terms of becoming whole coiners. Sure it may well be possible for some of the normie newbies to get to whole coiner status, yet an overwhelming majority of normie newbies are likely going to be way better off to shoot for BTC (satoshi) accumulation targets that are fractions of a bitcoin or various quantities of satoshis, such as shooting for the accumulation of 1 million satoshis, or 10 million satoshis or 21 million satoshis or 63 million satoshis. or whatever might be reasonable and realistic for their own individual financial circumstances... .
Last time sub 100K.
I'm willing to bet my stupid alpaca on it.
That is bettable, and you are likely to lose such a proposition.
Last time sub 100K.
I'm willing to bet my stupid alpaca on it.
I'm as bullish as the next guy, but it might not be that easy.
The pullback in the next bear could well go under 100k again, just to stay on a midterm viewpoint. I'd like JJG to provide his personal 2-significant-digits-after-the-decimal-point estimate of such probability.
I hate giving too many particulars when I am thinking about possibilities of down, even though a week ago, I was willing to say that sub $55k was no longer greater than 50% odds ever (or at least by the end of 2025 to put a time frame on the end of the bet), and then just yesterday, I said that I was willing to make the same bet in regards to $60k no longer being greater than 50% odds....
So, I am slowly moving up the numbers on where I think the greatest bottom could be and even transitioning into proclamation of the BTC price never going down to such levels.
So the more I think about it, the odds are probably currently greater than 73.86129546% (I thought that we needed 8 digits to be more in line with the bitcoin spirit) that at some point we will dip back below $100k...
Additionally, as an esteemed and knowledgeable bitcoiner friend of mine recently said, "we must run over 100k and back so many times that it becomes just like any other number". Only then can 100k be properly thrown in the roadkill bucket.
I think that BitcoinBunny is correct in a kind of potential scenario that the BTC price could break free and then get into a breakout range of something like $120k to $180k range and perhaps even after consolidating in the $120k to $180k range (for a few months), end up going up another 3x-5x which makes it more difficult to crash back below $100k at a later date, yet at the same time, the 200-WMA needs to be drug up along the way, too (and
the 200-WMA is ONLY currently slightly above $42k so the 200-WMA needs to be drug up a lot to allow it to continue to serve as a meaningful bottom)... but yeah, the odds of BitcoinBunny's scenario seems to be in the ballpark of 26.13870454% give or take. Personally I would be nervous to bet those exact odds against BitcoinBunny, but I would be willing to bet 50/50 against BitcoinBunny's proposition.