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 Shorting BTC from USD36000. Who join me?

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gashout
post Jan 7 2021, 03:18 PM

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QUOTE(morbo @ Jan 7 2021, 02:43 PM)
Your words were "Purely depends on how much people value 1 btc." and hence using your example, the price of anything  is dependent on how people value it.

Using an extreme example, there could be a time when people view gold as useless (let's say it gets replaced by another rare metal - worth reiterating that this is a very extreme example), then people would value it at close to zero. Not that I want that to happen, nor am I trying to start a long drawn out argument, just going along with your hypothesis.
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We had the tulip craze when one tulip was worth a house before.

The Dutch Tulip Bulb Market Bubble was one of the most famous asset bubbles and crashes of all time. At the height of the bubble, tulips sold for approximately 10,000 guilders, equal to the value of a mansion on the Amsterdam Grand Canal

We also had salt as precious commodity. Now you drop a packet of salt on the floor, you don't feel a thing.

We are living in the moment, gold still has usage. But again, how 'valuable' it is in the further, we won't know. Gold has always followed inflation level - the worst investment and close to FD rate. Unsure why people get excited when gold reached 2k.
gashout
post Jan 7 2021, 03:19 PM

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QUOTE(Syok Sendiri Mia Forum @ Jan 7 2021, 01:55 PM)
GGWP & RIP TS. Buttcoin not gonna drop much this year & whole year.
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thumbsup.gif

The bull was in the stock market for the past 12 years.

4th quarter 2020 was the beginning of bull, we are in just the beginning.

the crypto world is here to stay.

40k, see you soon.
gashout
post Jan 7 2021, 03:38 PM

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QUOTE(weeuweed @ Jan 7 2021, 03:22 PM)
No you cant really compare to stock market cycle. Btc has its own cycle to refer to.
See this https://rektcapital.substack.com/p/fouryearcycle
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Thanks for the link.

Not comparing it will have 12 years of bull cycle.

But you got to admit it will see better days this year, at least for this year.



gashout
post Jan 7 2021, 03:40 PM

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QUOTE(weeuweed @ Jan 7 2021, 03:22 PM)
No you cant really compare to stock market cycle. Btc has its own cycle to refer to.
See this https://rektcapital.substack.com/p/fouryearcycle
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If we assume the rate of diminishing Post-Halving returns to remain constant across all exponential “Candle 1’s”, Bitcoin could rally exponentially to a relatively conservative new All Time High of ~$90,000.

That said, this conservative extrapolation of current Post-Halving bull trends by standards of Bitcoin’s price history doesn’t account for upside wicks past key Four Year Cycle resistances (i.e. black horizontals).

This means Bitcoin could very well overextend past $90,000 and even beyond the psychological level of $100,000 before finally rejecting.



 

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