..... the main prediction remains perfectly intact as we remain within the predicted bear channel. Bitcoin will never reach $100k, until it does.
That's right llama-breath
(a variation of donkey breath). Now, you are talking.
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Don't waste your time JayJuanGee. People like him can not be helped!.. Fortune Tellers and Crystal Ball readers like him can not be reasoned with! I have pulled him up on his post, many times without any response, typical of a snake oil salesman! Just brushes it off and moves to the next post!... kinda reminds me of a John Edward!...
Still waiting on clarification of
"not sure if many of the people here know that you need to gain 200% up to recover 100% down" https://bitcointalksearch.org/topic/m.59653072For sure, ImThour is recognized for his disingenuine nature.. Personally, I believe it is a better practice to call out / point out.. rather than allowing it to run rampant... your milage may vary... Sure, it costs posters, such as you and me, time to respond... seems better to me than leaving such ongoing nonsense posts as unchecked... Of course, I don't respond to every post of that dweeb.. of course, every once in a while I am nice to the dweeb too, just in case there might have actually been some value or genuineness contained within his post... and surely, of course, it is quite unlikely that he actually believes the baloney that he posts, but that does not mean that some innocent noob might not believe that there might be some truth to his ongoing baloney down-wishenings, in the event that he is not called out.
Why so pessimistic on the price? I'm predicting $120K by year end and that's conservative
Because we're not going to see that kind of price until closer to next halving.
It's contagious. ...LFC.. and likely a few other purported longer term BTC bulls expressing similar sentiments regarding our likelihood for flat or down all the way through this calendar year, perhaps most of next calendar year too and into early 2024.. It's almost as BIG as a holy fuck (or is it sheeeeit) that we can be considering that king daddy is somehow constrained by calendar years and 4-year fractals and nonsense timing frameworks like that when the top for this cycle that we are currently in has been manipulated to fuck, and most likely delayed (postponed) rather than cancelled... but hey, think what you like.
You mean that I should be intently listening to the same clowns that were sooo like "Bitcoin is gonna be over $200K by Dec 2021!!!! Because PlanB said so!!! His data is irrefutable!!!" ?
That crowd?
No thanks JJG.
The stock to flow model is a good model, so you should attempt to use your brain, rather than assigning high probabilities to hype-statement surrounding such model. If you continue to believe that stock to flow model does not provide some valuable framework towards understanding bitcoin price dynamics, then you are likely too caught up your own ass attempting to figure out your own models that are likely detached from reality.
In other words, there is no need to get caught up in personalities when attempting to better understand ideas around current and ongoing bitcoin price dynamics.
I know the kind of fuck ton of real fiat $$$ it would take to get from where we are current at, to > $100k STABLE PRICE. And I can tell you that, we're just not seeing it rn.
You really believe that moving of the BTC price takes a lot of value? sure, there are shorting and naked short instruments to bet against bitcoin, but those guys/institutions might end up getting their asses wrecked if they do not adequately protect their lil selfies when they are trying to naked short bitcoin to oblivion.. and then the BTC price moves 2x to 5x against them in a short period of time, then what are they going to do with their paper bets? Just print more? At some point, they cannot be printing because they are not authorized to go that far... that means they get reckt.. because no one is going to bail them out from that level of dumb... .sure. they might be able to continue to manipulate.. and continue to hold BTC prices down.. I am not going to place too much brain power into believing that they can continue to be successful... You do you.