Speaking of fillippone, I am pretty sure that he is also expecting a gift from proudhon somewhere upon bitcoin reaching the early 6 figures, and it might have even been something like 0.1 BTC, but I cannot recall exactly..
Exact reference:
<...>Target price: 170,000 USD
Not bad.
Bullish.
My body is ready.
Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.
Quoted for reference.
Please someone help me remember when it happens!
Still pretty confident I will eventually cash in those SATs in a very short time. On a “great scheme of things” scale.
It is a bit funny in regards to how he said it, and especially saying that if the BTC price reaches $170k, then he will buy $10k and give them to you, so in essence that would be $170k/$10k = 0.05882353 BTC - and yeah of course, he seems to be wanting to create an impression that he is not holding BTC, and maybe it does not matter if he were to just send you 0.05882353 BTC or if he were to buy them with dollars first.
When you take a look at the some forum posts, you will be amazed at how many people are wondering if the bull run is over and if they should sell their BTC - which means that they have no sense of the times they are in.
But it makes me sad when I know who is going to buy theier BTC if those people are selling.
If people haven’t figured out the four year cycle by now, it’s sort of their own fault. It should have been obvious to everyone by 2018 what was going on.
It is good to know about the four year cycle, but not necessarily to get too attached to them or to try to play them unless you have already determined that you have enough BTC or more than enough.. ..
yet, I know guys are going to try to play the cycle and they might not necessarily yet be in a position in which they should be either selling their BTC or discontinuing in buying BTC.
Now that Genesis is done selling, GBTC sales will slow and with the halving closing in, we could see another move upward coming soon. Mtgox is almost done distributing USD to creditors though, which means BTC distributions are right around the corner. Those are expected to be done by October at which point it will be time to launch. I’m expecting us to all be very excited watching the price head to the moon around Halloween, which could end up being a 6-12 month trip to $200K+.
Maybe it could end up playing out like that? I have my doubts about MTGOX coins contributing much if anything to downward pressures or even failure to go up pressures.
There maye be some time in which the UPpity between now and October might get to be too much.. so maybe there will be a correction somewhere along the way between here and October.. and still expecting a kind of fair range of $120k to $180k for 2024. before figuring out whether MOAR Uppity might be necessary or not (necessary to accommodate the likely ongoing buying pressures from BTC spot ETF buyers and various copy-cat buyers)..