1) the fomo bull run in 2019 was too high, too fast, too soon ... it needed to hit that ultimate bottom first, but we're passed that now ... 2) it's for real this time; 250k-300k incoming ... after this little correction that's we might see in the next 30 days
@ValentinStragon, when was the last time you actually used gold as a currency?
gold is a good emergency insurance fund, but it's just not practical for international trade ...
we're not going to evolve backwards ... we're not going back to a gold standard
bitcoin will be the new world reserve currency
and land is still more valuable as gold no matter what
ValentinStragon
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@MichielVan Kets, Ok but the trick is that this not before 2200 , it take time , to confiscate gold and old habits to the old world , so yes crypto going to make wealthy people , this is the marketing trick . BTc going to follow gold price , if gold raise to 100k btc will follow , for while this a tulips just the money of the block chain , nobody use btc as a currency you know it and nobody transfer everyday large amount of fund , bank do yes , so btc is the money of the block chain that is all and for banking this is hudge , mister you and me just have no benefices with this , every body use cash less payment since 50 years this called visa , to wire money from my bank this is much cheaper for me than from the btc chain ! This is quick and fast to kick out all the legends around . In a speculative bubble anything could happen but do not look only in one way . I still believe that the correction is not over time will tell , thank you for your answer
ValentinStragon
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@ValentinStragon, Mostly all the fiats printed are digitally since decades and do not exist as coin or bill , so money is digital since a while . Trading is not only doig TA , a 10 yo kid can identify a support and resistance . You expectation and emotions influence your TA , we are more into something religious now and smart people will take benefices from that . Stll hold my short from 57 k , have a nice day my friend.
I hear ya, but the banks are burning fiat like mad, that's why there's a need for an alternative, for now bitcoin is not ready yet, but ... the need is there, the demand is there, so ... the speculation will continue
the question is ... what happens when BTC hits $1 million?
because it needs to stabilize at that point, if it does ... it could become the next world reserve currency, but as long it's too volatile to be used with escrow ... it's a bubble indeed
we'll see
by now I'll take satisfaction with being 1 of those smart people who gets to benefit from it all ... what else do you want me to say about that?
ValentinStragon
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@MichielVan Kets, Man i started following you because you were balanced in your view you totally changed your mind . My portolio did x10 since january im satisfied too but i do believe that we shall pass by 15k zone before going further for the reason stated in my previous comment , as you said we will see , Thanks for you open minded discussion , have nice week end .
well, I've been saying for so long that we still needed to hit the bottom, but that's what we did in march 2020, so ... although we'll see some corrections along the way; I believe we're going for the next peak
15k correction? that's 75% ... depends whether or not the dow jones takes a dive, looks like it might, but ... even then ... next peak; end 2021 ~ 275k