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/biz/ - Business & Finance

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28735452 No.28735452 [Reply] [Original]

My prediction is June. I was relying on rhodl/pi cycle/rainbow, and those are currently trending towards July. /Biz/ is a pretty small sample size in the crypto population, so I wasn't too worried about seeing them circulating around here - but CT is starting to shill them, and I unfortunately think we're going to see a front-run.

>> No.28735609
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28735609

tomorrow

>> No.28735817

>>28735452
I think August.
I use near/far S/F multiple, HC Burger's power law oscillator, miner profitability (capitulation)

>> No.28735877

>>28735452
Feb 2022

>> No.28736022

Q4 2021 @ $150.000 +/- 30.000

>> No.28736085
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28736085

>>28735817
>power oscillator
A man of culture I see. I wasn’t ever going to share this, and have only seen it once here, but I applaud you for your generosity. I believe we’re at the same level of October/November 2017 though, right?

>> No.28736246
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28736246

Also, regarding frontrunning, you might see this (actually you always do) but you won't see it reflect in the price, or it won't stop the price from reaching its natural top.
>why not
1. Tops so far have always been beyond the price level that is fundamentally justifiable, there is an overshoot caused by momentum anyways;
2. Miners gonna mine up to precisely the point at which profitability = zero. In economic terms this is where marginal revenue = marginal cost.
At this point, miners will begin to sell off their bitcoin holdings to cover all business expenses.
>>28736085
I don't mind sharing this because I think it being known to others changes the outcome desu
The current level is at Oct 2017 levels indeed, gentleman

>> No.28736351

*/don't/ think it changes the outcome

>> No.28736679
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28736679

>>28736246
Very interesting point, good sir. In the patrician’s opinion, might miner profitability be the most reliable indicator of them all?