THETA experienced 450x gains over the course of a year from March 2020 to March 2021 and has been consolidating since. It is one of the few blue chip projects that has seen no major bounces or relief since it peaked and since the May 2021 market crash. Should the bull market continue from here, or we are to experience only a short bear season, THETA is primed to explode more than most, but here we can theorize what to expect if we are in fact in a multi-year bear market. By throwing together a rough logarithmic regression analysis using THETA's own fractal and stretching it to account for lengthening cycles, we can see that a price target of $500 within a few years is not out of the question. This would produce 250x gains from a $2 bottom. Worst case I would expect THETA to find a bottom around $1.50, which would only further gains if you can catch the flush.
Fundamentally, THETA is strong. It has an active team, unique use case that is being leveraged by partners such as WPT and GFUEL, and the network is supported by major companies like Samsung, Sony and Google. If we can't turn the market around in the short term, I think it will survive a prolonged bear market, so I'd like to be prepared for either scenario. I've been accumulating THETA heavily as I believe we are ultimately in a good buy range and I'm willing to wait if I have to. As always, DYOR and trade based on your own objectives, timelines and risk tolerance levels.
Bought Theta at 0,85 USD first time , up to 7 USD. It went up to 15 pluss, and we thought it was the beginning to cross 100 usd soon. We must be patience. I am akkumulate Theta at those nice prices.Theta and Tfuel will be huge.
simpsonepic1a
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Now its back down to .85c 😁💪
simpsonepic1a
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I bought Theta at .38 and watched it go to $17 i had 6k on it 2017...I got screwed by watching a guy on you tube called Chris i think you all know him as he hides in Dubai with all the other YouTube idiots. I swapped to BTC as he said it would definitely break out and I got wrecked when it dumped and I spent the whole bull market just trying to get my money back. don't listen 2 YouTubers by 4 cryptos hold for one year sell 80% and wait...2-3w then swap to one that has not broken out and repaeat...they all take 2-3 weeks to triple in price and drop again.Best thing is they do it at all different times.Can suck to if you never pick one.
massiveCoconut47767
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Just bought again at 2.26usd. Lowered avg from 4.6 to 4.1usd...
massiveCoconut47767
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You sure?
HOFFF
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@massiveCoconut47767, lol, nobody can be sure of anything my man. Could happen way sooner, may never happen, but I'm near sure theta will be higher than it currently is... great prices right now
massiveCoconut47767
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@HOFFF, not sure anymore about Theta. Started to buy at 8usd, did DCA to 4.6usd and it is dropping like hell now...
HOFFF
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@massiveCoconut47767, whole market been down, and as I've said I wouldn't flinch at a 1.50 theta. This is all noise right now, play the long game, man, it's chill