What is next for BTC?

darkflame in #bitcoin • 3 years ago (edited)

I feel like we are in store for a mighty big surprise, when Bitcoin takes off again.

However I am not sure, it could drop to $70 like over 5000 BTC are betting.
However, what if it does go to 120k? What if it takes off and never comes down again?
Consider the last ATH at the end of 2017, when Bitcoin touched 20k.
For two and a half years the price struggled to reclaim its achievement.
And yet.... it will never be 20k again. Last week I created a dPOLL and I asked for input.

https://peakd.com/hive-120019/@darkflame/which-way-will-btc-go-next-vote-now

https://dpoll.io/detail/@darkflame/which-way-will-btc-go-next-vote-now/
Out of the 9 respondants, 77.8% thought it would hit 29k before it hits 59k again.

It hasn't done either yet though. The lowest BTC fell to this past week was $31,558, and only so briefly it doesn't even reflect on the 30 day chart, only the 7 day. So though 2,558 short, were they right? Was that the dip? Or are we destined to see lower lows, before BTC rises again (if it does).

https://bitcointicker.co/stamp/btc/usd/7days/

https://bitcointicker.co/stamp/btc/usd/30days/

Percentage of Total Market Capitalization

https://coinmarkets.today/

I don't think this is the end of Bitcoin. While it is humourous to see DogeCoin maintaining 2.5%+ of all market cap, Bitcoin is back up to 42.23% up from 39% ten days ago. BTC is back baby!

#markets #leofinance #crypto #broadhive #proofofbrain #neoxian #ctp #bpc

3 years ago in #bitcoin by darkflame

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charcoalbuffet 3 years ago

Unless they do something about inflation and cheap money, I expect bitcoin price to only go up over the long term. I think we could go to around as low as 15k though before heading up.

But what do I know? I bought some at 45k lol.

_{Posted via proofofbrain.io}

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darkflame 3 years ago

Agreed! Unless they fix the money then ₿ is still on track to hit 1 million or maybe even 1 billion!!

Have a !BEER to drink
and some !PIZZA too !

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pizzabot 3 years ago

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beerlover 3 years ago

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mistakili 3 years ago

Yeah this is def not the end, our main problems are still in existence, inflation is still killing fiat, economies are still dwindling, millennials have zero stomach for gold,....Bitcoin is still king, so the bounce back might take a while but Bitcoin. Will always be Bitcoin,...,,perhaps it’s why no one has been able to kill it

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darkflame 3 years ago

If anything we are going to see bitcoin accelerate. So many people have been buying for the first time. The next halving is 1076 days away approximately, (Reward-Drop ETA date: 06 May 2024 15:45:45 UTC) so we can except the next ATH sometime after that. If we are even done this bull run. Thanks for your comment @mistakili

Have a !BEER to drink
and some !PIZZA too !

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pizzabot 3 years ago

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@mistakili! I sent you a slice of $PIZZA on behalf of @darkflame.

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mistakili 3 years ago

The most interesting part is that Bitcoin actually does have new incoming stream of investors, Goldman Sachs, the Ray Diablo guy, these top guys with their network effects,....moreover this artificial suppression of the Bitcoin price has the tendency to send it to moon once it breaks out...I believe Bitcoin will see many interesting price actions even before the next halving

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