We need a new poll.
Bitcoin was over $70K at Stamp on July 28.
How about 75k?
I say we top it before Sept 11 2024
and $80K during the next FED meeting September 17th-18th.
The chartist in me says that’s too soon, but I can feel the excitement and want it to happen. I imagine if we did see a jump that big so soon (and before the election) it would make for some choppy movement and bring a whole lot of eyes onto Bitcoin. A lot of people I talk to in the wild still think Bitcoin is dead.
Surely many of us already know that upward BTC price movements can happen at any time, even when we might start to consider that the momentum is downward, it can switch, and then suddenly both those sitting on the sidelines and waiting for further dip might get back in because they sense that the momentum is returning to UPwards, which can build and build and build upon itself and almost create its own momentum without us having had realized how many folks (or how much money) had been sitting on the sidelines.
Difficult to get caught up upon a chart and consider limitations based on such chart - especially since many of us already realize that bitcoin remains in its early adoption phases, and in that regard, there can be several times that a step-up ends up happening, and then those who had been waiting for dips and/or refusing to stack up or to stack up sufficiently, end up getting left behind and ONLY having an option to buy at the higher stepped up basis, since the earlier options to buy lower ended up disappearing and no longer being available.
I never claim to know when the stepping up might end up happening, even though it seems that i share a dilemma with many of the longer term WO participants tending to maintain such a BTC position that is skewed towards being prepared for up.. kind of like the guy in the moon rocket soon that seems to be ongoingly waiting for the rocket to go up... and I am not even suggesting it is any kind of a disappointing wait, even when some of us express considerable levels of impatience from time to time, after a while even the lows are not really seeming that bad in the event that there might be some need (or want) to shave off a few cornz... prior to another rocket going up... .. over and over we do seem to get these baby rockets, and you know the move from $25k/$27k to $55k from September/October to late February seems to be one of those moves in which we have so many folks still waiting for some kind of a return and retesting of support, and gosh they were lucky to have even gotten some sub $55k prices, but that opportunity seemed to have had passed fairly quickly, even while folks were calling for more and More and MOAr...
Sure, it is possible to get some kind of an additional down before up, yet we might again be in one of those kinds of places in which 1-2 years down the road, guys will be kicking themselves for having had known about bitcoin in the $60ks and failed/refused to stock up because they were too worried about buying too high when even $17k is looking pretty low.. and $27k is also looking pretty low, just like in a coupld of years $64k is going to look pretty low.. including no longer attainable...Does anyone seriously believe either $17k or $27k to be attainable? Sure, $27k is more attainable than $17k but really there might even be questions about the attainability of $37k, $47k or even $57k... but yeah, peeps are going to dream, be unrealistic and continue to fail/refuse to actually act in the direction of actually buying dee cornz in the event that they do not have enough (which is the status of an overwhelming majority of peeps in the world.. meet any random 100 persons on the street, and it is quite likely that fewer than 5 of them (perhaps even fewer than 1) will be sufficiently/adequately stocked up on the cornz). Sure there are pockets of cities with more bitcoiners than others, but most cities have an overwhelming majority of their inhabitants who are way under corned.
