Bitcoin $781.41
- Thread starter MadJack
- Start date
Bitcoin $781.41
With bitcoin, anything is possible.
I think a difference now vs even a year ago is the big institutional investors and money managers deciding they need to own some bitcoin.
Now Elon Musk has joined the party? to the tune of 1.5 billion dollars worth? so if there were any of his fan boys left that hadn?t bought any bitcoin there aren?t any more.
When the pandemic started a year ago, the stock market took a huge dive. If you got some fresh cash into the market in March of 2020 or managed to not sell any of your holdings, you?re sitting pretty today.
Do I think both the stock market and bitcoin are very overdue for a huge correction? Yes, I do. Will it happen? Time revels answers to all questions.
I do know with bond yields being as tiny as they are, many who normally would be heavier in bonds are in the market for the returns so the inevitable correction may be a ways off yet.
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With bitcoin, anything is possible.
I think a difference now vs even a year ago is the big institutional investors and money managers deciding they need to own some bitcoin.
Now Elon Musk has joined the party? to the tune of 1.5 billion dollars worth? so if there were any of his fan boys left that hadn?t bought any bitcoin there aren?t any more.
When the pandemic started a year ago, the stock market took a huge dive. If you got some fresh cash into the market in March of 2020 or managed to not sell any of your holdings, you?re sitting pretty today.
Do I think both the stock market and bitcoin are very overdue for a huge correction? Yes, I do. Will it happen? Time revels answers to all questions.
I do know with bond yields being as tiny as they are, many who normally would be heavier in bonds are in the market for the returns so the inevitable correction may be a ways off yet.
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My co-worker is... intrigued and on board with Bitcoin. We were back-n-forth discussing the ceiling for it. I for one, admit the (again) rise is awesome, however, part of me saying ?there?s gotta be better opportunities out there (mind you I do t know what they are) as far as... seeing a significant jump like they enjoying now.
my question then, to the avid crypto folks is... what is your best guess ceiling for this?
obviously the more endorsements, the more appealing it becomes, and so, unable predict how high, I get that. Just wondering what folks outlook on this is, now.
I looked back at my wallet details and a long ago (4 yrs) payout through Bitcoin, that was probably in neighborhood 2k, had I not been using as merely a vehicle for payout, and withdrew... showing as $99,749 today. Ouch
I thought there was a limit to amt of Bitcoin ?mined??
my question then, to the avid crypto folks is... what is your best guess ceiling for this?
obviously the more endorsements, the more appealing it becomes, and so, unable predict how high, I get that. Just wondering what folks outlook on this is, now.
I looked back at my wallet details and a long ago (4 yrs) payout through Bitcoin, that was probably in neighborhood 2k, had I not been using as merely a vehicle for payout, and withdrew... showing as $99,749 today. Ouch
I thought there was a limit to amt of Bitcoin ?mined??
There is a limit. Where would you get the idea there isn't a limit?
BTC will one day be the world's currency. You figure the limit on that.
- Sep 1, 2012
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I believe that the whole 2021 we will see the bull run tendency but it is impossible to guess how high BTC will reach. I believe that thanks to the policy of quantitative easing by the US government we can get as high as $100k till December or even earlier. On the other hand there were so many cases when the market players were expecting one move but the MM made quite the opposite.
- Mar 19, 2006
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- Mar 19, 2006
- 38,187
- 365
- 83
- 74
Wouldn't be surprised if we retest 39k first but if we can get above 42k and bounce off support, we are back in business.
- Mar 19, 2006
- 38,187
- 365
- 83
- 74
Easy way to see when BTC will reverse is to look at leverage rates. If they are at .01% great, at 1% the market operator is going to flush those heavily leveraged. Also, El Salvador. Market operator took in over 775 million by sending it south. Everything is fine.
I expect BTC to hit seven figures next bull run. Looking for six figures this run for blow off top. Then we wait for next halving.
not financial advice
Sure bro! Next week! On Tuesday, 3:57 PM Greenwich Mean Time.
Don?t miss out! Buy as much as you can right now! Sell your house! Your car! Your wife and kids, but whatever you do, don?t miss this chance!
:mj07:
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