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Imagine the bloodbath among the gullible Retail investors if Bitcoin price crashes from US$50,000 today back to about US$500, as in May 2016 - only 5 years ago.

Remember, the last Dow Jones Stock Market crash was in 2008. .......


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You guys/gals missed this boat for greedy quick profits ala Tesla.? .......


https://www.thestar.com.my/business/busines...s33bil-windfall - 2021/02/24/US$43-mln-investment-turns-into-a-US$33bil-windfall
"NEW YORK: Veteran dealmaker Michael Klein and his partners have made a paper gain of nearly US$3.3 billion on their $43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc, according to Reuters calculations.

The gain, within just a few weeks, came from the meteoric rise in the shares of Klein's special purpose acquisition company, SPAC Churchill Capital IV Corp. It is by far the most striking example of a Wall Street insider benefiting from the amateur trading frenzy in shares such as GameStop Corp, sweeping the world of SPACs.

Many mom-and-pop investors bought Churchill Capital IV shares hoping for a quick gain, pushing Lucid's implied valuation from $11.75 billion at its nominal deal price to $56.3 billion at Tuesday's closing price.

But while the most lucky investors might have scored a gain of a few fold, Klein and his partners are sitting on a paper gain of more than 7,500%, based on shares in the SPAC they are entitled to.

They are restricted from cashing out for up to 18 months, and the stock could drop considerably within that period, especially if Lucid, which has yet to sell a single car, fails to meet its ambitious production targets. "
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This post has been edited by lurkingaround: Feb 24 2021, 01:25 PM

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No ler. Elon Musk, Mark Cuban, etc are billionaires = should be on the side of the Institutional investors, ie doing the pumping up of Bitcoin prices = Retail investors should not believe in billionaires, as if they are on their side.

Institutional investors are the BIG Shark market manipulators out to hunt for the small fries gullible Retail investors, ie the former had likely bought thousands of bitcoins a few months ago(= July 2020 or earlier) at prices of < US$10,000, then slowly pump up the prices and have been slowly dumping their horde of Bitcoins to the greedy n gullible latter at prices of > US$20,000.

Note that in April 2019, Bitcoin price was < US$5,000.
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This post has been edited by lurkingaround: Feb 24 2021, 02:18 PM

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No ler. Gold prices were "pumped" up or rose quite "fast" from about US$600 per ounce in 2008 to about US$1,800 in 2011= 100% annual profits for the BIG Shark manipulators.

Crude oil prices shot up from about US$60 per barrel in Jan 2007 to US$140 in June 2008.
....... On 20 Apr 2020, it suddenly dropped to -US$37 per barrel. That's minus US$37 = below US$0.
These manipulative money-making schemes are more like one-hit-wonders or hit-and-run.

BIG Shark market manipulators may often move from one target to another target after a few months or may have their fat fingers dipping in a few pump-and-dump schemes at the same time, both quick and slow schemes.
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Your formula won't work if the whole market Crash, as it did in 2008 = Bitcoin price drops back to earth to about US$1,000 to US$5,000 = you will be left holding the bag of huge losses even if you had bought at the previous Dip of US$47,000. .......


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Hard to say when the BIG Shark market manipulators will Crash the whole market = Bitcoin price crashes back down to earth to about < US$500 Fair Value. The last Dow Jones Stock Market Crash was in 1974, 1982 and 2008 = Crashes about once every 10 to 25 years.

Maybe they will create another Bull run to about US$75k BTC in the next few months, ie as long as there are many gullible Retail investors like the above HODL posters/commenters willing to pony up the money in greediness.
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https://en.wikipedia.org/wiki/Bitcoin#Design
Supply

Total bitcoins in circulation.

The successful miner finding the new block is allowed by the rest of the network to reward themselves with newly created bitcoins and transaction fees. As of 11 May 2020, the reward amounted to 6.25 newly created bitcoins per block added to the blockchain, plus any transaction fees from payments processed by the block. To mine half of the supply of bitcoins took four years but the remainder will take another 120 years, because of an artificial process called "bitcoin halving" according to which miners are compensated by fewer BTC as time goes on. To claim the reward, a special transaction called a coinbase is included with the processed payments. All bitcoins in existence have been created in such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved every 210,000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins will be reached c. 2140; the record keeping will then be rewarded solely by transaction fees.

In other words, Nakamoto set a monetary policy based on artificial scarcity at bitcoin's inception that the total number of bitcoins could never exceed 21 million. New bitcoins are created roughly every ten minutes and the rate at which they are generated drops by half about every four years until all will be in circulation.

Note that as of 2020, there are 18 million Bitcoins in circulation in the world market = left only 3 million to be mined until 2140. So, a Bull run of BTC price to US$57k or US$100k benefits mostly existing BTC holders, not the prolific miners in China.
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Maybe those who buy during the recent Dips to US$50k, US$47k or US$40k are actually catching the falling knife towards US$30k, as set by the BIG Shark market manipulators who have always been out to prey on the small fry gullible Retail investors, because Bitcoin price was at <US$20k in Nov 2020 or earlier = only 3 months ago.
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(deleted as requested)

Congrats.!

Hence, you are now shopping for a new high-end 17" laptop with a budget of RM5-7k.?
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This post has been edited by lurkingaround: Feb 28 2021, 03:25 PM

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Are you saying that Fenix98 should inverse his position.? (deleted as requested)

If so, I quite of agree with you. And the BIG Shark market manipulators (= Institutional investors like Hedge Funds) should likely also agree with you, ie dumped two-thirds of their holdings of hundreds of <US$20k Bitcoins, bought in Nov 2020 or earlier, at US$57k each last week.

Like they say, "If you can't beat them, join them", ie ride the wave. .......

Seems, there has been 2 Bitcoin waves, ie in Dec 2017(peak wave = US$19k) and Feb 2021(peak wave = US$57k), benefiting those who bought BTC at < US$1k each in 2016 and at <US$20k each in 2020. .......


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This post has been edited by lurkingaround: Feb 28 2021, 03:23 PM

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My "diagnosis" is that the BIG Shark market manipulators were trying to bait more gullible Retail investors to not be scared of the momentary 30% Dips during the Dec 2017 Bull run or Wave, ie continue to BBBUUU = those gullible suckers were also not scared even when similar 30% Dips were happening after the Bull run or wave had ended or peaked, ie the BTC price was trending downwards.

It's like the Dips served as vaccines for people to not be scared of the Covid-19/Wuhan virus = gullible Retail investors become not scared of a Bull run or Wave ending or even the whole Market Crashing. History has shown us that they do end or crash.
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Another "diagnosis" is that the BIG Shark market manipulators were using the 30% Dips during their orchestrated Bull Run or Wave, to see how many suckers or gullible Retail investors were still willing to pay the high-prices to buy BBBUUU Bitcoins, ie the former wanted to see how high the prices that they could manipulate, eg 🚀🚀🚀🚀🚀🚀 to the Moon.

So, in the Dec 2017 Bull Run/Wave, they could "only" manipulate Bitcoin prices from US$3k to the peak or maximum of US$19k. Prices higher than US$19k found few gullible Retail investors or suckers. So, the BIG Sharks who had bought hundreds of BTC at <US$1k in Jan 2017 or earlier and sold them at >US$15k in Dec 2017, made 1,500% profits in 1 year or made US$14k profit per BTC sold .

If so, this Feb 2021 Bull Run/Wave from US$20k to US$57k has likely ended, ie not 🚀🚀🚀🚀🚀🚀 to the Moon to US$100k. So, the BIG Sharks who had bought hundreds of BTC at <US$10k in Sep 2020 or earlier and sold them at >US$50k at end Feb 2021, made 500% profits in 6 months or made US$40k profit per BTC sold. Even though the % profits is lower, the profit amount in US$ is higher than the Dec 2017 Bull Run/Wave.
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Today, I posted at 12:58 PM. BTC went up from US$45k to US$46k+ at 08:30 AM this morning and has stayed around that level until now, ie at 03:45 PM.

What a way for you to misinterpret events or things according to your own personal biased agenda. Eg .......

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This post has been edited by lurkingaround: Mar 1 2021, 04:07 PM

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Please show the post where I predicted BTC will go down to 0.? = you need to back up your accusations - don't simply post, tokok and singsong.
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At about US$50k or RM200k for 1 BTC, not many Retail people in the world have that kind of money to "invest".

Imagine if 1 BTC = US$100k = RM400k, even less suckers or gullible Retail investors to be scammed.

According to icehart85 's prediction, 1 BTC = US$200k or RM800k by the end of this year. Imagine that.!
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Does this mean, soon, 1 BTC = U$1,000k or US$1 million or US$1,000,000.00cents or RM4,000,000.00sen = 100,000,000 satoshi.? *sarcasm*

If so, 1 satoshi = US-1cent or RM-4sen.
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My "diagnosis" is that the BIG Shark market manipulators like Hedge Funds, who had bought hundreds of Bitcoins at <US$10k in Sep 2020 or earlier, are trying to dump the last of their holdings at prices of >US$48k. How high the price they can dump depends on how many gullible Retail investors are willing to buy BTC at those high prices. Similarly for the Pump-and-Dump of GME/Gamestop shares.
....... As in the Dec 2017 Pump or Bull Run or Wave, the highest price they could dump their hundreds of <US$1k-BTC, bought in Jan 2017 or earlier, was US$19.6k. Thereafter, BTC price dropped down to <US$10k at end Jan 2018.
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I doubt it.
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This post has been edited by lurkingaround: Mar 2 2021, 12:31 PM

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Now, 1 BTC = US$48,377
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Remember, the last Bitcoin price Pump or Bull Run or Wave from US$3k to US$19k was in Dec 2017, it then bottomed to about US$10k about 1 month later, ie at end Jan 2018, ....
... 1 BTC was <US$10k in Sep 2020 or earlier, ... and was <US$20k in Nov 2020 or earlier = only a few months ago.

If BTC price bottoms to around US$30k in the next few weeks, the next Pump or Bull Run or Wave, ... to be set by the BIG Shark market manipulators like Hedge Funds, ... should be after 2 years or so. If so, to ride the next Wave and make profits of >100%, you will have to buy BTC at the price of <US$30k and be able to HODL for at least 2 years. IOW, the next Pump or Wave or Bull Run will likely shoot up to >US$80k per BTC. But .......

OTOH, the BIG Sharks may set a Big Market Crash later this year or next year or so, eg BTC price and the Dow Jones Index crash by >50%, so that they can have another round of buy-low-and-sell-high or pump-and-dump that may again last for 10 to 25 years, mainly depending on how many small-fry suckers or gullible Retail investors there are in the market.
....... Note that the last DJI Crash was in 2008, before Bitcoin was invented in 2009 and launched on the market in 2011 - in the first year/2011, 1 BTC = <US$10 mostly.
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