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/biz/ - Business & Finance

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14260881 No.14260881 [Reply] [Original]

fuck. let's assume the prophetic meme is actually true. and bitcoin soars to 56k by july 2020, I think this could be an understatement as hysteria will push it closer to 100k. But...at either price point, I suspect there will be a massive sell-off from most of the legacy wallets and it'll destroy the price to 87(if a snowball of legacy dumps occur) or 8700(which is roughly the same % gain off the prior bottom). And then this bullshit repeats again into another halving

>> No.14260901

>>14260881
yep

>> No.14260905

>>14260881
just enjoy the ride

>> No.14260997
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14260997

>>14260881
i think that was a typo and supposed to be 87k based on the thousand decimal...

>> No.14261084

>>14260881
If it follows the same pattern, it should bottom out at 13k in 2-3 years. Probably the end of 2021.

>> No.14261091

I'm just gonna put it this way, John McAfee is not going to have to eat his penis. We will see 1 million in 2020

>> No.14261099

2024 will be the last halving before hyperbitcoinization

>> No.14261223

>>14260997
BTC is never going to reach 1M tho

>> No.14261259

>>14261223
i would argue there is no limit on it below 10 billion usd purchasing power (that is if btc takes over all money on earth)

>> No.14261264
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14261264

>>14261223

>> No.14261299

>>14261264
>>14261259
If BTC is 1M, the market cap is 21,000,000,000,000 which is 21 trillion USD.

>> No.14261617

>>14261299
yeah total money on earth is a bit more than that.

>> No.14261825

>>14260881

That's how we get rich, my friend.

Don't screw it up. This is our generation's one shot... boomers boned everything else. The Bitcoin halving cycle is God's unique gift to Millennials and Zoomers.