Bitcoin is on a bit of an evening tear and despite all the people telling me the bad economy is going to trash BITCOIN, it hasn't happened yet.
Not long ago I think many wondered if we were going to see $60,000 again this year, and I think it is clear how quickly we can get there as basically Bitcoin has been on a slow grind up.
Will it take the ALTS with it or will this be the move that partially restores Bitcoin Dominance?
I'm not sure once bitcoin takes off, but for now the grind seems to be going fine for the alts as well.
One other interesting piece of news I'd like to point out here is that the US is now the leading HUB for Bitcoin mining. https://news.yahoo.com/us-overtakes-china-world-largest-173900029.html
Now I don't think that consumers are driving this BTC move, and I don't think it will be impacted much by bad economic news. BTC futures are extremely high right now on the CME markets which are driven by large investors who understand what supply chain issues and Inflation are going to do to the economy in the near future and they are hedging to BTC.
What are your thoughts?
What do you think the price of BTC will be Monday OCT 21st? Make a guess and if your right, I'll send you a tip! Just for fun!
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i realized few days ago that yet again i am up on all btc purchases ever :D
That's great! I think you might see more upside
sniff sniff smells good
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Lol! :)
At this point, the more economic bad news, the better for Bitcoin and crypto. There's literally no other hedge for what's happening in the world right now.
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I read an article where the bankers were literally saying they needed to regulate btc because it gives people an exit ramp from the traditional markets. lol
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They need that, but do they can?
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I don't think they can, but I think they can fool the noobs into thinking they can.
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Definitely
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This time it will make a new ATH and again drop as usual :D
Cheers~
That's the cycle, isn't it.
Yeah people who knew the cycle they earn ;)
A lesson for those who still underestimate the power of Bitcoin, haha!
So many bears have commented on my bullish posts since $40k, "It's getting ready to dump"...
Shrug, I don't pretend to be all knowing, but you would think they would eventually hear themselves. lol
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It can sure move fast, look how old my post looks now! :)
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I think we are moving sideways from now until then. somewhere between 55 and 58 on Oct 21. But, I also think bigger numbers a following soon.
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Valid take, noted.
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These Bitcoin cycles experience the majority of the parabolic rise in the closing months of the cycle. Whether or not this cycle will be prolonged or not due to a macro backdrop that is favorable to BTC remains to be seen.
My thoughts are that there will begin significant upside soon! I am not foolishly bullish. My readers will know that at around 50K, I began moving to stables all the way up to 64K. This was leading up to May. I try to be as impartial as possible and I can't really see a scenario where a bullish outcome is not the case.
However, a massive market crash could momentarily delay it. I do however believe that towards the end of the year a $100K Bitcoin is even modest.
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I tend to like but not worship the 4 year cycle as well. I just think we are ridiculously close to $60k again with low volume and a basic grind. Wait until some hype happens. Things move quickly
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I feel like the only bear in town :D
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Oh, you aren't.. I get the "doomers" on every post I make.
The world is falling apart and will take btc with it, and for all I know, they could be right, but that isn't the horse I'm riding.
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for me everything looks random. Money printing makes everything like a dice game
Oct 21? My guess is btc nearer 50k than 60k. I'm expecting a few major issues over the next week, that will drop crypto prices.
It could totally happen, lots of things going on in the world, yet on low volume btc is grinding up
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