I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements... I guess there's some truth to what they say, math is hard.
Og, I’d be interested to get your prediction of a top for the next parabolic pump & an estimated date.
I think $100,000 plus in Q4 2021.
When I do the math, I get a peak of $200,000 in November/December of 2021. I have gone on record as predicting a high of $222,222 prior to 2/22/2022, but that's a bit tongue in cheek.
I think your estimate is a good one.
My retirement plan is based on the 4 year cycle.
Atleast you can sell at the high range i guess (21/22 25/26 29/30) and the option to buy back some corns later on. (23/24 26/27 31/32).
For the record, I think the 4-year cycle will become less and less relevant moving forward as Bitcoin continues to evolve from a p2p payment network to an asset mainly used by Wall Street investment funds to collect management fees.
Nonsense, p2p will always be dominant. However, what kind of products/services are sitting behind all those fees?
And you, Paashaas, in which cycle do you plan to put the bull out to pasture?
Never, i remain bullish until the day i die. Decades after eveybody here are dead
BTC will gradually rise in price just because of all those halvings to come.
Of course it will not be so explosive as it used to be but buying corn in 2090 is still a good buy.
Maybe we are misunderstanding each other to some degree?
You mentioned an ability to plan retirement based on BTC and around BTC 4 year cycles.
So, I was trying to ask you at what point you would be able to retire upon such anticipated ongoing bitcoin price cycles.
I am NOT trying to suggest that you need to pull any amount of meaningful value out of bitcoin, but instead maybe just saying fuck you to any kind of traditional job obligations and do whatever the fuck you want.
With such bitcoin explosive upwards price movements, none of us who are buying BTC now and HODLing it should have to really plan on continuing to buy it 2090 (though I expect to be long dead by then), even though I currently expect that bitcoin will continue to be a good investment, even in 2090, like you said.
By the way, when I get into a kind of cashing out phase of bitcoin, I still do not expect to cash out all of it. I will just cash about 1% per quarter or maybe sometimes I will cash out more because I do feel some preference to spend a decent amount of my BTC rather than carrying my private keys to my grave or even passing my private keys through my death onto people, such as relatives, who are less deserving to spend those BTC that I have spent so much time and energy accumulating than myself.