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/biz/ - Business & Finance

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29866102 No.29866102 [Reply] [Original]

what are your non-meme predictions? i'm thinking stability in the $40-42k range. maybe a pump to $50k late summer, but i think this was it for the "bull run."

>> No.29866176

Like anyone here or on the planet has a fucking clue what's going to happen
Everything you're thinking is pure speculation

>> No.29866358

>>29866102
$300k by September ±$50k

>> No.29866449

>>29866358
I should specify: September 2021

>> No.29866519

>>29866102
80k by end of March

>> No.29866549

>>29866358
Doubt. Although I hope youre right.

>> No.29866605

>>29866176
agreed
>>29866358
what is going to drive nearly $5 trillion USD into BTC market cap?

>> No.29866629

>>29866358
not a chance in hell buddy

>> No.29866733

Pump to 100k, another correction, pump to 120-150k, bulltrap, crash, initiate bear market.

>>29866605
You don't need to buy 5 trillion's worth of BTC in order for BTC to have a market cap of 5 trillion.

>> No.29866793

>>29866102
Bad take.
>>29866358
Same but 350 plus or minus 100k and possibly peaking in early winter but September wouldn't surprise me. I'm basing this off of s2f, peull, pi cycle, and some assumptions that this run has been so far, and will continue to be, similar to the 2017 run. So far this run has almost mirrored the last one. Almost same (in terms of percentage) trough to new ath, trough to first correction, and new ath to first correction. There's a fair chance we peak for awhile at 70 to 80k if we bounce off the old macro log line. I intend to take profits there just in case.

>> No.29867041

pump to $60k midweek then crab between 55k and 65k for 5 months whilst alts average a 5-6x

>> No.29867129

>>29866733
that's not an answer faggot lmao. you can literally say that about any investment
>GME to 10 million!
>why would it justify that market cap
>UHHHH YOU DON'T HAVE TO PUT IN THE ENTIRETY OF THE MC IN CASH ACTUALLY
this board has literally ebcome reddit

>> No.29867227
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29867227

>>29866102
I just need alt season.

>> No.29867376

>>29867129
Sure, but Anon specifically asked about what would drive 5 trillion USD into BTC's market cap. If someone were to actually drive that amount of money into BTC, the market cap would be far higher. Clearly the large amount of money required was a major point in what Anon was saying. Retard.

>> No.29867415

>>29867129
maybe i have a fundamental misunderstanding of markets... but how is it ever the case that market cap can increase without that same amount of money going in?

>> No.29867446
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29867446

The longer we consolidate in the 40-50k area, the longer the bullrun will last, and thus the higher we will go.

If we hadn't had this correction, the top would have been $70k. If we went up right now instead of consolidating, we'll probably hit $90-100k before it crashes. If we consolidate in this area for 1-2 weeks, the sky is the limit.

>> No.29867474
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29867474

luckily rhodl ratio is in our side

>> No.29867477
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29867477

20k before the end of summer

>> No.29867519

>>29866733
You’re correct about the second part. I don’t think a lot of people understand that concept

>> No.29867555

>>29867415
Price is a reflection of liquidity. If the entire order book is only 1 BTC listed at a price of $200,000, and someone buys it, the market cap of BTC instantly increases to 200,000 * circulating supply. Even though only #200,000 of actual fiat was added.

>> No.29867578

>>29866358
Cringe

>> No.29867627

>>29867446
Absolute cope kek

>> No.29867630

>>29867415
MC is decided by last traded price, not total amount of money historically spent in the market.
if a token has 1m coins, and the last trade was 1 dollar, its a 1m market cap. if the next trade is someone buying 10 tokens at 2 dollars, you now have a 2m market cap. some sells 1 token at 1.5 dollars, it's 1.5m mc
>>29867376
I was giving anon the benefit of the doubt but it appears he is actually economically retarded, my bad anon

>> No.29867692

>>29866102
We're in the last bull run. Super cycle where we see mass adoption. Going to 100k within a month and 1m this year.

>> No.29867723

>>29867630
>>29867415
Fine, now we've called each other niggers and someone learned something. That's a decent outcome for a thread.

>> No.29867726
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29867726

>>29867692
>100k
>in March
anon this is the definition of delusion

>> No.29867752

>>29867415
make 1,000,000 coins. sell one for $1. you now have a $1 million market cap but only $1 went in.

this is obviously an extreme example, but it illustrates the main principle. in very general terms, the answer is "liquidity"

>> No.29867861

>>29867726
with a super cycle its possible, that being said, I don't believe in supercycle theory, we're hitting 100k though

>> No.29867931

>>29867861
sure, in 2024 we will be primed for 100k and more. not this run though

>> No.29867974
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29867974

>predicting
>when btc basically just moves in a line its entire life
Just relax and hold

>> No.29867984

>>29866102
We have tested 45k multiple times in the last week. I don't see why 40-42k is the new stable zone. definitely going to see crabbing for a while. probably a breakout the next time there's major news.

>> No.29868011

>>29867555
Checked. This guy gets it.

>> No.29868061

>>29867931
Why the hell not? Look at this chart
>>29867974
and realize that us going to 100k this bullrun is the most likely outcome if this cycle is no different from other cycles. But hey maybe this time it's different

>> No.29868126

>>29867415
Here's a visualization of the world's money and markets, if you want to go down that rabbit hole:
https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

>> No.29868455

>>29867519
Every company in existence issuing securities is causing inflation and ripping people of with just savings.

>> No.29868642

Bitcoin has been in a bull market for a decade. It’s about time it crashed

>> No.29868661

>>29866102
could go as high as $100k this year, but if it hits $20k, and biz is pink wojak about it, you should definitely buy

>> No.29868693

>>29866102
End of summer/start of fall, golden bullrun continues and we capitulate sometime in Winter or next Spring

>> No.29868705

>>29866793
>>29866358
Are you guys on drugs? 100k I understand but can you even fathom the amount of money it would take to move BTC to 200-300k? Thats like 5 trillion dollars of mktcap within 6 months that you are proposing. Every person and institution in the western world would have to dump their life savings into this shit. Its just not realistic

>> No.29868709

>>29866102
That's the biggest big ass head and shoulders I've seen in my entire career selling Internet coins.

>> No.29869064
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29869064

>>29866102
Realistically, I'm expecting more consolidation before a trend continuation occurs.

>> No.29869251

>>29868705
Agree

If there is actually some inflation this year irl I could see some real inflows as a hedge but right now it is still primarily retail investors buying small amounts

>> No.29869406

>>29869064
This guy gets it.

>> No.29869466

>>29868061
it gets harder to raise the MC as the size of the MC increases, the total crypto MC is about on par with silver right now. this obviously reduces the total % raised each bullrun. Going from 3k to 58k seems very much in line for bullruns, it's not exactly modest gains, even if they aren't as massive as the last time around

>> No.29869530

>>29866102
>but i think this was it for the "bull run."
holy fuck I hope so bad all you retarded faggots sold

>> No.29869702
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29869702

>>29869530
>sold at 52k
>price is now at 46k
>anon thinks somehow this is evidence of bears being retarded and him being smart

>> No.29869752

>>29869702
good, stay out, it's all downhill from here

>> No.29869758

>>29867129
you actually can say that about any investment...and be right

because investments dont exist in a perfect market where each $ value is liquid. There are bids and asks. If you think about bids/asks you will realize why an asset will gain more in market cap than how much $ was put in.

>> No.29869823

>>29866102
I think you're spot-on. After the final pump to 50k we'll bleed all the way back down to 15k by June.

>> No.29869845

>>29869758
anon you haven't actually said anything, you need to explain why the price will rise, you can't just say "well there are bids and asks and if you think about it any asset can go up" and expect someone to take you seriously

>> No.29869849

>>29868709
aw dont say that.

>> No.29869856

>>29866605
Nobody selling their coins and boomers getting in on the investment. Low volume though, but that has worked before.

>> No.29869995

>>29866605
>$5 trillion USD into BTC market cap?
Its not how it works, it could take only like 1billion to push it up to 300k if there is a low sell pressure...

>> No.29870251

>>29869845
there is only a certain amount of liquidity at each price level

if the gap between 50k and 60k btc is 10m dollars, 10m will get btc from 50k to 60k. if the gap is 1m, than 1m will do. the effect on the "marketcap" is the same either way.

>> No.29870286

>>29868709
what pattern is the ass, head and shoulders?

>> No.29870417

>>29870251
liquidity is flexible, anyone can deposit their coins, and the coins which are already deposited can be moved to different levels of support and resistance. most of the orders on the books are made by bots and will change based on the slightest market fluctuations

>> No.29870724

>>29866102
60k top, which is a 5x from where we started, same as 2017. if it goes higher than that I'm unironically taking the /pmg/ pill because we're totally fucked

>> No.29870885

Anything between 100-300k is very possible. If the news like Visa or Mastercard is not a pure hype and will release sometimes this year we gona pump more i think. The sentiment is bullish so far. People slowly realizing corona fucked up everything. Crypto is what a stock market was 20 years ago, easy money printing machine for the next years

>> No.29870996
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29870996

>>29869064
this. based.

>> No.29871460

>>29869064
That's a nice fib extension/retrace combo, is there a way to setup something like that on tradingview?

>> No.29871811

>>29871460
Did this in Tradingview

>> No.29871915

>>29866102
60k was the top

>> No.29872415

>>29866102
>Tonight/Tomorrow
46k-47k, Dance low 45k when short sellers try to trick people into panic sell. They dont have the funds to get past the 45k buy wall. Wont go much further. Pay attention all night, get good alt discounts.
>Rest of the week
48k might inch up to 50k
>March
Will shoot up when people get $1400 Biden bucks. Guessing 55k and holding around there.

>> No.29872585

>>29872415
we haven't even gone -25%...

>> No.29872615

>>29866102
Retract to 25k eoy

>> No.29872751
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29872751

>>29872415
Bulls two weeks ago:
>this is no longer a retail market so it can never dump, Musk and Saylor and Greyscale will take us to 100k
Bulls today:
>Will shoot up when people get $1400 Biden bucks

>> No.29872790

>>29872585
I know, I am as shocked as you. This morning it should have been at 44k, currently should be crashing around 40k but it seems to have held. Guessing all those wealthy and first time investors bought when it was 48k or more and now are just sitting on it until they get their money back or more.