BUY BITCOIN 2021 MOON INCOMING: $10k to $15k to $12k to $25,000+
PRELUDE NOTES: Bitcoin is currently $10,100, and as of currently 9/8/2020... Most of the crypto and investment universe thinks Bitcoin is going to drop hard before it climbs up. That this $10,000 area won't hold. I was one of them. Everybody is calling for $9k or $8k and will completely miss their entry if they don't enter here within the next few days (maybe a week). But by then, it will be too late as the PERFECT LOW ENTRY will have passed. Now onto my prediction...
Imagine being in a time machine and today is the year 2016.. April 27th of 2016 to be exact. What would you do? You would buy Bitcoin.. Immediately. And Hold it for 1.5 years.
From today 9/8/2020 we will go to somewhere in the $15,000ish range, then sell off/pullback into the $12,000ish area around mid-late December 2020. From early January, Bitcoin will climb slowly, steadily, with some ugly fast ups, fast downs, slow ups and slow downs to eventually go from $12,000ish to $25,000+ nearing the end of 2021.
Me, personally, I think ETH has a CRAZY amount of Upside and will likely position majority of my capital into ETH and rest split into BTC. (of course, if this thing does indeed go bull over the next 1.5 years, there will be various cycles of runs that one will experience while the other sits still... I will likely switch back and forth to maximize gains just like I did in the 2017 run up)
Well it's that time again. After doing hours and hours of analysis.. I have concluded, I am completely switched to a FULL ON BULL. Why? Why the 180* flip?
Bitcoin to this date has not proven any real world utility, until now. (I have wrote about this fundamental analysis alot before but going to rehash it real quickly).
BITCOIN WILL FINALLY HAVE IT'S FIRST PROOF OF CONCEPT.. A CONCRETE ONE. ONE THAT IS NO LONGER IN QUESTION. AND THAT IS...
A STORE OF VALUE. A LIMITED ASSET. A GLOBALLY AGREED UPON HEDGE AGAINST INFLATION.
No, its not currency. Bitcoin's DNA and technical backbone would suck at transactions.. But as a store of value, it's GOLD. Literally... But..
Until now and the recent months since COVID hit and the development of the economic conditions, inflation/deflation threats, Fed printing, JPow promises, stocks decoupling from economy, etc... Bitcoin is still a question mark in this utility of "STORE OF VALUE AS A LIMITED PRECIOUS ASSET/METAL". We see it moving with Gold and Silver, but yet there's just simply not enough data, track record, and convincement that it is on the same caliber as a precious metal. Sure.. it's been shadowing it, but it's such a risky, sketchy unknown.. it could literally fall off by the waste side when Gold/Silver does continue it's climb over the next 5 years.
BUT... What IF? What if it is indeed Gold and Silver? What if it is just as good? So far, it's proven it.. What more proof do we need to get a global wide convincement that would set this into a full blown BULL? We need the correlation of the dollar to directly inverse Bitcoin/Gold/Silver and to continue to do it until there is concrete evidence of inflation happening... And once this concrete evidence of inflation is in, there is no more denying that Bitcoin is no longer some skeptical, controversial, speculative asset if that happens.
Then the Bitcoin BULL will begin gaining major traction. Early people like me and the few other crazy bulltards thinking it could actually have a 100% PROVEN REAL WORLD UTILITY now would be in wayyy early while the Early Majority and Late Majority come piling in over the 12 months of 2021.
Let's take some evidence...
JPOW is very, very adament in letting inflation happen, increase, etc. to levels NEVER allowed before. He will no longer suppress inflation. Because he is so scared of the even more serious detrimental effects of Deflation.. The most powerful man in the world is giving everyone a handshake of guarantee that he will do whatever it takes to get the ball rolling for inflation to happen. Over the next 2 years, its highly likely he does indeed print enough money, keep interest rates low, etc. etc. to spark inflation to actually get going.
The dollar will continue to drop in value (to who knows what, I have no earthly idea) and a few other economic conditions that are an after effect of inflation (beyond my brain level that indicate what they are) will almost certainly without a doubt bring..
TRILLIONS LOOKING TO AND CONTINUING TO HOLD ASSETS THAT WILL HEDGE.
Good luck my friends.... Am I crazy? Sure... Will I be rewarded in 1.5 years? Maybe, maybe not. "It's Okay to Try and Fail. It's Not Okay to Fail at giving a Try."
- Dragon, James Swing
p.s. - Ain't it crazy how we completely forgot all about a Halving that took place in May 2020, 4 months ago... 2020 has been a hell of a year. The halving will begin to have it's effects onto Supply from here on out.
Imagine being in a time machine and today is the year 2016.. April 27th of 2016 to be exact. What would you do? You would buy Bitcoin.. Immediately. And Hold it for 1.5 years.
From today 9/8/2020 we will go to somewhere in the $15,000ish range, then sell off/pullback into the $12,000ish area around mid-late December 2020. From early January, Bitcoin will climb slowly, steadily, with some ugly fast ups, fast downs, slow ups and slow downs to eventually go from $12,000ish to $25,000+ nearing the end of 2021.
Me, personally, I think ETH has a CRAZY amount of Upside and will likely position majority of my capital into ETH and rest split into BTC. (of course, if this thing does indeed go bull over the next 1.5 years, there will be various cycles of runs that one will experience while the other sits still... I will likely switch back and forth to maximize gains just like I did in the 2017 run up)
Well it's that time again. After doing hours and hours of analysis.. I have concluded, I am completely switched to a FULL ON BULL. Why? Why the 180* flip?
Bitcoin to this date has not proven any real world utility, until now. (I have wrote about this fundamental analysis alot before but going to rehash it real quickly).
BITCOIN WILL FINALLY HAVE IT'S FIRST PROOF OF CONCEPT.. A CONCRETE ONE. ONE THAT IS NO LONGER IN QUESTION. AND THAT IS...
A STORE OF VALUE. A LIMITED ASSET. A GLOBALLY AGREED UPON HEDGE AGAINST INFLATION.
No, its not currency. Bitcoin's DNA and technical backbone would suck at transactions.. But as a store of value, it's GOLD. Literally... But..
Until now and the recent months since COVID hit and the development of the economic conditions, inflation/deflation threats, Fed printing, JPow promises, stocks decoupling from economy, etc... Bitcoin is still a question mark in this utility of "STORE OF VALUE AS A LIMITED PRECIOUS ASSET/METAL". We see it moving with Gold and Silver, but yet there's just simply not enough data, track record, and convincement that it is on the same caliber as a precious metal. Sure.. it's been shadowing it, but it's such a risky, sketchy unknown.. it could literally fall off by the waste side when Gold/Silver does continue it's climb over the next 5 years.
BUT... What IF? What if it is indeed Gold and Silver? What if it is just as good? So far, it's proven it.. What more proof do we need to get a global wide convincement that would set this into a full blown BULL? We need the correlation of the dollar to directly inverse Bitcoin/Gold/Silver and to continue to do it until there is concrete evidence of inflation happening... And once this concrete evidence of inflation is in, there is no more denying that Bitcoin is no longer some skeptical, controversial, speculative asset if that happens.
Then the Bitcoin BULL will begin gaining major traction. Early people like me and the few other crazy bulltards thinking it could actually have a 100% PROVEN REAL WORLD UTILITY now would be in wayyy early while the Early Majority and Late Majority come piling in over the 12 months of 2021.
Let's take some evidence...
JPOW is very, very adament in letting inflation happen, increase, etc. to levels NEVER allowed before. He will no longer suppress inflation. Because he is so scared of the even more serious detrimental effects of Deflation.. The most powerful man in the world is giving everyone a handshake of guarantee that he will do whatever it takes to get the ball rolling for inflation to happen. Over the next 2 years, its highly likely he does indeed print enough money, keep interest rates low, etc. etc. to spark inflation to actually get going.
The dollar will continue to drop in value (to who knows what, I have no earthly idea) and a few other economic conditions that are an after effect of inflation (beyond my brain level that indicate what they are) will almost certainly without a doubt bring..
TRILLIONS LOOKING TO AND CONTINUING TO HOLD ASSETS THAT WILL HEDGE.
Good luck my friends.... Am I crazy? Sure... Will I be rewarded in 1.5 years? Maybe, maybe not. "It's Okay to Try and Fail. It's Not Okay to Fail at giving a Try."
- Dragon, James Swing
p.s. - Ain't it crazy how we completely forgot all about a Halving that took place in May 2020, 4 months ago... 2020 has been a hell of a year. The halving will begin to have it's effects onto Supply from here on out.
Bitcoin @ $10,100.64
Ethereum @ $337.85
In the 30 mins it took me to type this.. Bitcoin has run up $96. May just be a normal standard fluctuation price movement.. may be Bitcoin actually beginning it's run up.