Everyone I know who thinks bitcoin is going to be less than 250k this cycle is what I would lovingly refer to as a fucking loser. All the winners I know think it goes higher.

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125-250k would be boring/underwhelming for me this year (not just cycle). That said, none of us know for sure what is going to happen, so what's the point in going back and forth about it? The people who get #Bitcoin know 1M is still cheap. The people who don't are still waiting for some arbitrary lower number (as if 50k isn't dirt cheap). You're not a winner simply because you think you'll win. You're a winner only after you've won, and Bitcoin hasn't went over 250k yet. I don't see how it won't, but it hasn't.
I told a non bitcoiner 320k as estimate. He said that's high. I was being conservative haha. I could see 500k ish. Lotsa manipulation around also.
I don’t doubt that it can go crazy high. But I still think shenanigans will be made to keep it under 100k for now and break our expectations… I don’t believe we win so easily. Once we are past the 100k that I think it is as much as decided that we go to infinity
I don’t know why people find that so hard to believe, many just scoff at the idea of half a million. Gold went up 10X in the 70s. And think of how much harder it was to buy gold then, before they even had ETFs.
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nobody 1 year ago
This cycle will be the cycle of disbelief. Even people calling $500K+++ will be in shock at first.
Sure, but gold wasn't at $50,000. Saying anything can go up 10x in price because it has before, or something else has is missing the point. For example going fron $1 to $10 is easy because it's a small amount of money & people can easily push it to happen, it's a difference of $9. $50,000 to $500,000 is a difference of $450,000, it's not going to happen as quickly. As the price increases the speed of it will decrease.
I remember all the excitement and absolute conviction bitcoiners had at the start of the last bull run. I'm gonna stay far more grounded. I thought for sure $150k last run. This time I'm staying way more grounded in my price predictions than a lot of others that I'm seeing.
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nobody 1 year ago
This is your first post in 9 months? This bear shit. Go back into hibernation.
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Sea Beaver 1 year ago
Yes, some of us are old enough to remember the laser eyes until $100k from the last cycle...the laser eyes are still waiting. You have to appreciate the enthusiasm. The real opportunity is to buy in the bear market and go into hibernation when the hype starts on the next bull top.
I doubt it does what everyone thinks it will do. So it will either likely underwhelm or overwhelm. Bitcoiners think it will overshoot. No coiners think it is already a bubble about to pop. LOL!
The best attitude to have is still, by far, to think 1 #Bitcoin = 1 Bitcoin. To think in Fiat price generally leads to a mindset of selling, which is very much like gambling. The Bitcoin inertia (tendency) is strongly upwards in value over every after class. It's not a good idea to sell Bitcoin in order to try to get back in at a better price. View quoted note →