[shreder]

https://hackforums.net/showthread.php?tid=5916991
I utilized Mining statistics last year to find out that reversal was likely in 2018 during 3k, we're going to do the same this time. And I know BTC didn't go to $1M it's just clickbait title, I was just saying reversal was near and that bottom was likely found.

Current example of large scale miner cost - Antminer S17 Pro-53TH/s & 12.9+e12 difficulty
Spoiler (Click to View)

2018 Drop mining difficulty followed down by -31% and exponentially dropped as price dropped. The idea is killing off small miners while big miners with low overhead would making BANK BANK. Source:Blockchain.com

Difficulty drop from 7.4+e12 difficulty to 5.1+e12 difficulty and rapidly increasing as it went so much so that price wasn't even dropping faster than difficulty.
Spoiler (Click to View)

Following similar concept say we drop from current peak of 13.6+e12 by -31% is around 9.3+e12 difficulty.
Spoiler (Click to View)

That miners would be making the same amount until 5.5k at 9.3+e12 difficulty. And by then difficulty will exponentially drop as price could dip below 5.5k.
Spoiler (Click to View)

Miners told us exactly when and where bottom was likely to be in 2018.


Low price + long time since last bull run + technological advances + much more regulation speculation + much more adoption speculation + scarcity FOMO will be the formula to the next bullrun 2020-2022

[WhyYouKeepDoingThis]

So BTC will drop to 5,5K and then we will see another bull run?

[Money4life]

So BTC will drop to 5,5K and then we will see another bull run?

If it was just that easy to predict the btc charts lol

[mrclinton]

BTC going back to $1 sounds more realistic than to BTC going to $1Billion in 2022. 🤗

[Cyber Coder]

there is always some lunatic who says btc will be dead and another one who thinks it will reach millions . Keep dreaming, btc on 20-30k in next 2-3 years is the most optimistic scenario

[wiz]

I don't know how accurate that is especially when "Bitcoin Drops to $7,000 as China Vows to 'Dispose of' Local Exchanges"

https://cointelegraph.com/news/bitcoin-d...-exchanges

[Money4life]

I don't know how accurate that is especially when "Bitcoin Drops to $7,000 as China Vows to 'Dispose of' Local Exchanges"

https://cointelegraph.com/news/bitcoin-d...-exchanges

Long-term > short-term

[wiz]

Long-term > short-term

Agreed, but if this happens it will take a huge hit. Especially being that China is a huge factor when it comes to crypto.

[Money4life]

Agreed, but if this happens it will take a huge hit. Especially being that China is a huge factor when it comes to crypto.

True, but glad that btc takes these small hits. Buying the dips. Predicting a bigger ATH 6-12 months after the halving. First time we are heading with a bearish market to the halving.

[wiz]

True, but glad that btc takes these small hits. Buying the dips. Predicting a bigger ATH 6-12 months after the halving. First time we are heading with a bearish market to the halving.

Hopefully you win, I am holding $1000 in BTC and letting the market ride.

[Pablo♠]

i had a dream that it will shot down like a deer and then sky rocket like a fkin mountain ... but it was in a dream lol

[SIM-4086413]

i believe in a very big bull run around late 2020 and early 2021, one that might even touch up to 50k however, i don't believe that bitcoin will reach up to a million a coin in the next decade, let alone 1 billion which is entirely impossible even in 50 years from now.

Bitcoin will never reach 1 billion each, never.
By the time cryptos are that big, bitcoin is already replaced.

Don't forget that we are literally at the beginning of cryptocurrencies and blockchain as a whole.

[Skyline]

Don't forget that we are literally at the beginning of cryptocurrencies and blockchain as a whole.

But look at the beginning of the gold rush. Now look at what we have today.
BTC = long term hold now.

[SIM-4086413]

But look at the beginning of the gold rush. Now look at what we have today.
BTC = long term hold now.

I was talking about 10-50 years down the road.

Gold is a metal that can't be replaced, it is as is.
Bitcoin is technology and you can change and improve technology, it's human creation afterall.

In 50 years from now cryptos and the blockchain will be extremely different and will not be comparable to today's cryptos and blockchain.
Bitcoin is replaced by then with something we can't even imagine right now, not just the currency aspect but the enitre technology around it including how payments are done, what we can do with the blockchain, how it works and how it applies to our daily life.

However for now and the next decade, definitely hodl bitcoin, smart move as i said we are still at the very beginning of this technology and bitcoin is the face of blockchain, for now.

[Unexplained]

My belief is we will see a six figure price on BTC in about 5-6 years after the halving of 2024.

A 1 billion price is absolute lunacy. Sure I'd love it... but I'm realistic.