/biz/ - Business & Finance

>>25849023
it's going to 1 million. it'll settle around 120k afterwards. iukuk

$320k EOY
$1M in 2023
Screencap this post

>>25849023
Yes it is
What's happening now is all the baggies who got dumped on in 2017 are getting out
They're too scared to hold through the entire move

everyone who posted above me is a pink wojak poster in 3 days

>>25849096
$you are a faggot EOD
$you are a 5x faggot EOW
$you are a 10x faggot EOM
$you are a 50x faggot EOY

>>25849023
>Is Bitcoin really going to shoot up 200k+ in 30 days
That would be quite bearish, actually
Ideally this levels out in order to become a sustained move
A huge spike in the short term would lead to a premature bear market worst case or best case a prolonged crab after a correction

you would need 10x the volume.
this run has already surpassed the 2017 run if you include the run up, the run up's had a lot more than 2017.
no one has data on otc but if you assume otc is higher, that means everyone who is willing to buy, has already BOUGHT.
now going on from that, if we expect volume to drop off, it's gonna be mainly red candles and distribution.

if it's going higher, who's going to show up with bags of money to buy?

>>25849132
You know I'm right

>>25849023
.

>>25849328
its institutional fomo retard. It's a race to buy up the remaining bitcoins

>>25849205
you misinterpreted OP
He's saying we're at the circle spot in the picture, and that towards the end of t he bull market in about 8months we will be seeing a 30day jump from about 100k to 300k

>>25849023
Nope BTC will go to at least 300k EoM, then go back to 100k and UP to 1M before crashing down to 400k

>>25849023
>20 days
>end of cycle
lolwut, we're only 1 month past ATH breakthrough. We still have the majority of the year left to go

>>25849562
Explai why USDC only mints 10m a day. You are the retard, no institution is buying above 10k when this piece of shit was trading there 40 days ago.

>>25849562
i will tell you why you're wrong and give you free alpha if you apologize

>>25849783
Smart money buying, number of whales going up unprecedented. You think retail are becoming whales?

denial

>>25849866
>Smart money buying
And you're buying too? Are you smart money? Or are you dumb money.
I bought in March, there's my wallet.

There are buy and hold institutions that are clueless about crypto but hedge funds and institutional traders make money both ways, and those have been in since 2017 at least.
Your assumption is that there are only buy and hold types.
Look at the funding and longs aping right back in already, there's more to be made on the downside than there is on the upside.
dead cat bounce at the best.

>>25849934
This, we really are in denial.

>>25850103
you are absolutely fucking delusional if you think that after breaking an ATH that BTC would ONLY double it before a bear market. Absolutely fucking retarded. Feel free to screenshot this and use it to gloat if I'm wrong, but there's no fucking chance of that happening.

>>25849132
It was cathartic to post pink wojak anon. Just like jizzing

>>25850103
How new are you? Look at all the macro indicators, it's clear as day this shit is going at least 100k eoy. How can you be this delusional.

>>25850166
>>25850346
i realized 6 figures gain and will buy the bottom. if you want to hold for the full 7 figures, be my guest.
look at the past, there are fake rallies like asuka rally, and I could still be right if it turns out to be a double bubble structure like 2013. It goes lower and then goes for another rally EOY or 2022.

these guys are literally (you)
bullish and about to be stomped to the ground, majority of traders lose.

>>25850378
>he sold

>>25850103
>Buying high and selling low
Absolute retard, you have no credibility here

>>25850378
how expensive is bitcoin to mine right now?

>>25850507
there's a guy with a SINGLE antminer mining for fun and he says 8k as the cost in june. hash rate has gone up since then but it can't be much more than that. also

https://www.forbes.com/sites/christopherhelman/2020/05/21/how-this-billionaire-backed-crypto-startup-gets-paid-to-not-mine-bitcoin/?sh=7ad7832b7596

there are outliers like these guys backed by peter thiel, this was pre halving so it's more than 2k per bitcoin now
>Liegl says their average cost of production is about $1,000 per coin — equating to a 90% profit margin at current BTC price of $9,100.

>>25850730
https://www.coindesk.com/bitcoin-mining-difficulty-record-20-trillion-january-2021

>>25850507
what was that satoshi quote? Reverts back to cost of production.
so industrial miners mine anywhere from 2k to 9k, that's a 20x to 4x premium right now. However, the next halving is probably being priced in as well if everyone is bullish.
So while they actual cost is 8k, we're treating it as 16k cost, which is the bare minimum for the next halving. 16k would then be a very fair price locking in future expectations.
There's another model which looks at it purely from a time perspective and says 11k is a fair price for right now.

>>25849110
You would have more Bitcoin if you had any idea it would’ve dipped. You could sell, short, and rebuy when it bounced. The shit you say about “holding through the entire move” is your way to cope with the fact that you have no idea what you’re doing with your money.

>>25850425
Screencapped for next week
>>25850835
Can just as easily say all halvings are priced in. And valuing it at cost grants zero risk premium, which seems fucky, and is why we have a gap almost all the time.

>>25850943

lucky he's a nancy boy, because of you said that to me i would smash your mums back door in.

>>25850943
Or I could have less if I fucked it up like most people do when they try this. I am not interested in short term bullshit. I will short when the macro is over. See: the several people on the board today who shorted and are already liquidated.

>>25849023
>30 days
>End of bull cycle
Newfags gotta go!

The only path I can see happening now is the "double bubble" similar to 2013. Quite a few analysts are picking up on this recently and even Bob Loukas recent video seemed to suggest this, though he didn't call it that.

This would mean this parabolic run will continue possibly to 100k+ followed by a pretty violent correction, quiet middle of the year and then another massive rally at EOY.

We could see 3-400k EOY if this happens.

>>25850783
What’s the 20.6 trillion that’s not total dollars spent mining...what is it?