Bitcoin's Future: $30k by 2021

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Cryptocurrency as an asset class is minuscule - a drop in the bucket. A $1T+ market cap would still be undervalued for crypto to have any meaningful impact as a store of value/currency.

The end goal for Bitcoin as an investment is a binary outcome. It goes to 0 or you 10x your investment. There is no in-between.

It's really that easy.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Comment: Hedge here ~$13.5k.

Close ~35% lower.

Go away for vacation.

Wait for $30k.

Retire twice.
Comment: Start closing here: 9.8k -> $9.3k. I don't care if it's not the bottom.

= 27.5%+ BTC increase for every hedged BTC.

$30k by 2021 intact. Now vacation.
Comment: The bitcoin market recently wiped out a lot of people before the halving as a result of the COVID-19 panic tanking major global markets. This panic will fade with time. This major shakeout makes me even more bullish.

I stand by my analysis.
Comment: COVID deleveraged the entire long side across all Crypto markets in March. Panic has settled. Legacy markets are on the verge of new ATHs. No more bagholders in our way. Crypto going to infinity 2021.
Comment: Bitcoin on verge of breaking ATH. Infinity incoming.
Comment: $30k target hit.

The charts never lie.


Extremely high quality content. I can tell this guy is a professional trader. There is a good reason why this is at the top on trading view.
+25 Reply
@MrRenev, how on earth is that possible indeed???
+1 Reply
MrRenev GerbenDeZeeuw
@GerbenDeZeeuw, @FirstClassCrypto, Figured it out he has 125k followers on Twiiter, so this explains that. Still, pretty funny :D
babyserral MrRenev
@MrRenev, angelobtc was #1 on the bitmex leaderboard with 2k+ BTC. He's pretty much a legend.
+8 Reply
MrRenev babyserral
@babyserral, Thank you for the very interesting info, I did not know.
I assume this was in 2017, when Bitcoin average price was $4000.
So he now has thousands of Bitcoins he has been holding at an average price of 3000-6000?
He was trading crypto in 2015-2016 but SHORT. He apparently was neutral in 2016 maybe early 2017.
He was LONG in 2017. Started becoming a permabull, his follower count went exponential during the (actual) bubble (he joined twitter in 2012, got to 10k follower mid 2017, 100k in 2018).
In 2018 he started telling every one to buy the dip and basically be a crypto shill / long term.
So I assume (might be wrong) his average price is between 3000 and 6000. And he isn't liking it.
He wasn't a perma bull super believer that will never sell 3 years ago. Why would you hold on forever after spending years trading to get where he is?

Nothing is sure, but come on we all know what's going on. So transparent XD
@MrRenev, Yes He is a smart guy and you just said so yourself, now you are talking about a multi millionaire, upwards of 200 million dollars in the bank, this guy does not hold through downturns in the market, he obviously sat in cash through the bear market and now is buying in again, very simple. he will probably become a billionaire soon.
+3 Reply
@MrRenev, This aged well
+4 Reply
barenhvrd MrRenev
@MrRenev, waddup
MrRenev barenhvrd
@barenhvrd, Bitcoin is at 60k now. Double your "target". Congratulations on selling way too early. Do you all "wait sidelines" now because you "missed the boat"?
Imagine waiting years during the sideways and when it barely starts going up you rush to sell. You'll end up regretting selling too early and get back in at 200k 😉
barenhvrd MrRenev
@MrRenev, Angelo obviously stated a new target... i don't know who you're talking to, still holding.
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