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Topic: What goes up must come down - page 3. (Read 508 times)

member
Activity: 1120
Merit: 68
May 21, 2021, 08:53:09 AM
#13
Without a doubt those investors who recently crashed and got burned will be far more cautious and pass on their tales of loss to new investors. (Otherwise they'll be bound to repeat their past mistakes adinfinitum.)
If they repeat the same mistake then shame on them because they are greedy people who wants to make a lot of money in such a short time in an investment that is volatile. Hopefully, newer investors don't have to suffer the same fate as this old investors. Also, what goes down must come up, this is just a stint in the ever long history of bitcoin.
legendary
Activity: 1820
Merit: 2700
Crypto Swap Exchange
May 21, 2021, 07:27:24 AM
#12
... Also bitcoin is clearly a failed experiment that uses too much energy, just like Elon said. And now everyone knows it and nobody wants it. USD is better and safer.

A failed experiment? Let's see:

This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.

Looks like you got that part wrong. I wonder what else you might be wrong about.
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
May 21, 2021, 06:40:06 AM
#11
Without a doubt those investors who recently crashed and got burned will be far more cautious and pass on their tales of loss to new investors. (Otherwise they'll be bound to repeat their past mistakes adinfinitum.)
hero member
Activity: 2814
Merit: 553
May 21, 2021, 06:30:37 AM
#10

Far, far too bullish. We're most likely going below $10k, and will never make new ATHs again.

Anything is possible, what makes you believe no new ATH though?

Mathematical and scientific analysis. Also bitcoin is clearly a failed experiment that uses too much energy, just like Elon said. And now everyone knows it and nobody wants it. USD is better and safer.

Now people are so concerned about conserving and waste of energy when you cant even apply it in your own household.
There are a lot more unnecessary use of energy than Bitcoin as a currency use to transact internationally without the need of banks and other payment processors.
I don't know how you define a "failed experiment" when Bitcoin has been existing for more than 11 years now and it's value has been rapidly increasing, more merchants and big companies are accepting Bitcoin for payment, central banks recognizing Bitcoin, and so on..
hero member
Activity: 2926
Merit: 567
May 21, 2021, 06:17:23 AM
#9
This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

What do you people expect from this last bull run?

This is not new it's been going on for years, and yet people are always in a panic to sell their coin when there is bad news that caused the market to go down, when investing and making a profit from the bull run expect a drop at the least we expect it to happen.

Bitcoin is doing great we all thought that it's going for another milestone and that is reaching the $60k mark, but unfortunately, we have experienced the opposite, in a highly volatile market expect the unexpected anytime.
sr. member
Activity: 1274
Merit: 293
May 21, 2021, 12:54:31 AM
#8
The 2018 drop happened around mid-January so I don't think that it will be the same as back then since we are already pushing to the end of May and we still don't have the really big crash happning which you predicted, the moment that bitcoin surpassed the mid-January crash that happened back in 2018, we were already in the dark at the time.
legendary
Activity: 1372
Merit: 2017
May 20, 2021, 11:23:16 PM
#7
This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

...
What do you people expect from this last bull run?

I think you are presuming that this cycle will be essentially similar to the past, as is often the case, and it doesn't have to be. People who make forward-looking predictions based on the charts of the past often forget one little thing:

Reality.

The institutional adoption we are having this cycle has never happened before, and I don't think it's going to stop because of Musk or China. The Bitcoin price does not follow a deterministic pattern that we can calculate based on past price performance. It is the events that are happening that drive the price.

Personally I still believe we will pass $100k at the very least.
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
May 20, 2021, 11:16:47 PM
#6
And if people are so concerned about Energy, they should probably get rid of their 5 TVs, 3 refrigerators, 2 tablets and 12 cellphones. Yet, it's much easier to virtue signal.
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
May 20, 2021, 11:14:59 PM
#5

Far, far too bullish. We're most likely going below $10k, and will never make new ATHs again.

Anything is possible, what makes you believe no new ATH though?

Mathematical and scientific analysis. Also bitcoin is clearly a failed experiment that uses too much energy, just like Elon said. And now everyone knows it and nobody wants it. USD is better and safer.

Now this is where we disagree. The Price is relative to the Energy Usage among other things. If the energy to cost ration is not profitable then the price will reflect that.

Elon should also know that Gas-powered vehicles burn less fossil fuels than it cost to charge his Teslas. 
legendary
Activity: 2198
Merit: 1311
May 20, 2021, 10:53:07 PM
#4

Far, far too bullish. We're most likely going below $10k, and will never make new ATHs again.

Anything is possible, what makes you believe no new ATH though?

Mathematical and scientific analysis. Also bitcoin is clearly a failed experiment that uses too much energy, just like Elon said. And now everyone knows it and nobody wants it. USD is better and safer.
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
May 20, 2021, 10:50:48 PM
#3

Far, far too bullish. We're most likely going below $10k, and will never make new ATHs again.

Anything is possible, what makes you believe no new ATH though?
legendary
Activity: 2198
Merit: 1311
May 20, 2021, 10:40:57 PM
#2
This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!



What do you people expect from this last bull run?

Far, far too bullish. We're most likely going below $10k, and will never make new ATHs again.
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
May 20, 2021, 09:15:02 PM
#1
This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!



What do you people expect from this last bull run?
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