Further details on my thoughts onthe long-term BTC prediction
Dear fellow readers!
First of all, thank you very much for the two likes of the last post, hahaha, never thought about even getting a single one :D.
The chart above is very similar to the last on, because as I mentioned on the previous post, I’m not yet into short-term trading, that’s why in first place I prefer to have a long-term point on view on the things. Don’t dare to think about getting rich overnight through BTC, this time is definitely over. Just stick to the journey, as a tip besides, get familiar with the so called dollar cost-average method, if you’re not yet familiar with that :D. In case you google DCABTC, you will get to a page with a calculator tool regarding dollar cost-average into BTC, feel free to try around and do not go to much into the past and stay realistic.
I’m not sure if any of you fellow readers, have heard of the analyst PlanB and his Stock-to-Flow model regarding BTC? If not, I just want to mention, that this is not BTC exclusive, this is for example also how the value of gold is determined.
The current predicted stock-to-flow price is around 8250 for this period of BTC, after the next halving mid of May 2020, the stock-to-flow value of BTC will be almost the same of gold and according to the model, the price will reach a potential to climb to around 90k, let’s see, if further adoption will bring it to that effect. I’m sure if BTC survives until after the halving in 2024, it will reach a stock-to-flow value of 100, which basically up-to now has never existed before and the price potential could increase to a million and more in later years. There are so many fundamentals, which in my opinion point in that direction, but up until then, we cannot know exactely.
In the time of writing this, BTC is further dropping, because of the miner’s capitulating, which is a bit of a front-run to the last bull cycle the fundamental on-chain analyst WillyWoo mentioned previously, this time it can be very different compared to the last two bull runs, also because of the market cap and missing retail. Just wait for the millennial’s, they are not trusting the banks today and won’t trust them tomorrow, so in my opinion that’s also a fundamental almost none is talking about. For example, I also very much like that the CEO of PayPal now owns only bitcoin amongst some other cryptocurrencies, according to a recent news post of ambcrypto posted on the tradingview news feed.
I am not really sure what to do about the second like of the first post, but I’m so happy that even anybody has read the post and liked it, so I’m thinking about giving regular updates on my thoughts of BTC and maybe also on some other stocks and coins I’m having an eye on ;-).
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all I am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything important, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
Cheers
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be any financial advise. Do your own research and try to understand the fundamentals.
The websites advertised are not mine, nor am I in any marketing or affiliate relationship with them.
First of all, thank you very much for the two likes of the last post, hahaha, never thought about even getting a single one :D.
The chart above is very similar to the last on, because as I mentioned on the previous post, I’m not yet into short-term trading, that’s why in first place I prefer to have a long-term point on view on the things. Don’t dare to think about getting rich overnight through BTC, this time is definitely over. Just stick to the journey, as a tip besides, get familiar with the so called dollar cost-average method, if you’re not yet familiar with that :D. In case you google DCABTC, you will get to a page with a calculator tool regarding dollar cost-average into BTC, feel free to try around and do not go to much into the past and stay realistic.
I’m not sure if any of you fellow readers, have heard of the analyst PlanB and his Stock-to-Flow model regarding BTC? If not, I just want to mention, that this is not BTC exclusive, this is for example also how the value of gold is determined.
The current predicted stock-to-flow price is around 8250 for this period of BTC, after the next halving mid of May 2020, the stock-to-flow value of BTC will be almost the same of gold and according to the model, the price will reach a potential to climb to around 90k, let’s see, if further adoption will bring it to that effect. I’m sure if BTC survives until after the halving in 2024, it will reach a stock-to-flow value of 100, which basically up-to now has never existed before and the price potential could increase to a million and more in later years. There are so many fundamentals, which in my opinion point in that direction, but up until then, we cannot know exactely.
In the time of writing this, BTC is further dropping, because of the miner’s capitulating, which is a bit of a front-run to the last bull cycle the fundamental on-chain analyst WillyWoo mentioned previously, this time it can be very different compared to the last two bull runs, also because of the market cap and missing retail. Just wait for the millennial’s, they are not trusting the banks today and won’t trust them tomorrow, so in my opinion that’s also a fundamental almost none is talking about. For example, I also very much like that the CEO of PayPal now owns only bitcoin amongst some other cryptocurrencies, according to a recent news post of ambcrypto posted on the tradingview news feed.
I am not really sure what to do about the second like of the first post, but I’m so happy that even anybody has read the post and liked it, so I’m thinking about giving regular updates on my thoughts of BTC and maybe also on some other stocks and coins I’m having an eye on ;-).
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all I am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything important, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
Cheers
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be any financial advise. Do your own research and try to understand the fundamentals.
The websites advertised are not mine, nor am I in any marketing or affiliate relationship with them.
Comment:
I'm very much interested in how these two chart predictions will work out in terms of matching, I personally think that actually everything can happen, but I do not think that BTC will disappear, I think it is definitely made to stay!