BITCOIN

fwor

silvercue said:

Could see $100k this year

Now where have I seen that before? Oh yes - this thread (thanks Darren).

MeteredOut

silvercue said:

Just a few % from all time high!

Ahead of schedule too.  

Halving still not until April.  Could see $100k this year

On what basis are you making that prediction?

fwor

MeteredOut said:

silvercue said:

Just a few % from all time high!

Ahead of schedule too.  

Halving still not until April.  Could see $100k this year

On what basis are you making that prediction?

On the basis that they really really want it to be $100k...

Frequentlyhere

MeteredOut said:

silvercue said:

Just a few % from all time high!

Ahead of schedule too.  

Halving still not until April.  Could see $100k this year

On what basis are you making that prediction?

Feverish raw naked speculation by any chance?

silvercue

MeteredOut said:

silvercue said:

Just a few % from all time high!

Ahead of schedule too.  

Halving still not until April.  Could see $100k this year

On what basis are you making that prediction?

Supply v Demand.  Halving in early April.  That reduces new BTC by half, reducing supply whilst demand is rocketing.

Halving has been followed by huge increase in price to new ATHs every cycle.   The difference this time is there may be an ATH prior to halving due to the increased demand ETFs have generated.   BlackRock Bitcoin ETF hits $1.3 Billion for second consecutive day this week. 

BTC is up 46% this month.  161% in last 12 months.  With expected interest rate reductions this year, it is very possible we will see $100k this year.  

Frequentlyhere

silvercue said:

BTC is up 46% this month.  161% in last 12 months.  With expected interest rate reductions this year, it is very possible we will see $100k this year.  

It's true, although it's also true that BTC is still roughly flat from it's nominal high over 2 years ago, and around 25% down in value in real post-inflation terms. With the historic volatility of this speculative asset, it is very possible we will see $25k this year.

Or not. Not a clue :-)

silvercue

Frequentlyhere said:

silvercue said:

BTC is up 46% this month.  161% in last 12 months.  With expected interest rate reductions this year, it is very possible we will see $100k this year.  

It's true, although it's also true that BTC is still roughly flat from it's nominal high over 2 years ago, and around 25% down in value in real post-inflation terms. With the historic volatility of this speculative asset, it is very possible we will see $25k this year.

Or not. Not a clue :-)

Well, it will never go up in a straight line, that is for sure.  But the cycles can be seen.  Its high 2 years ago was following the cycle to ATH after halving.  I expect the same this time and then.....maybe another almighty dump, will have to wait and see.  But I have my approximate exit strategy in mind.  

Malthusian

silvercue said:

Ahead of schedule too.  

lol

Lest we forget, the "schedule" was that Bitcoin was going to hit $100,000 in 2021 and hit $400,000 by 2025, if you believed this thread. Tick tock. 

What would the bros have said at the ATH if you'd told them that three years later they'd be popping champagne over Bitcoin going nowhere?

onomatopoeia99

Scottex99 said:

61K.........

Any idea what's been driving the performance in the last month? There hasn't been the massive media coverage that was seen with both peaks in 2021 this time.

Linton

onomatopoeia99 said:

Scottex99 said:

61K.........

Any idea what's been driving the performance in the last month? There hasn't been the massive media coverage that was seen with both peaks in 2021 this time.

Random noise with positive feedback as always.