Oddbean new post about login | logout Consensus amongst bulltards appears to be $150,000 by end of year. So that means we definitely aren't reaching $150,000 by EOY.
Never. The smart money wants to accumulate first without scaring off the retailer. I think, we will end the year somewhere in the 70k - 100k range.
Miners have to pay their bills every month, so they need to sell part of their mined Bitcoin holdings. This would, theoretically, put downward pressure on Bitcoin prices each month. Therefore, investors might think they just need to wait each month for Bitcoin to reach their desired price. But does waiting actually lead to a lower price over time? What is wrong with this assumption?
But does waiting actually lead to a lower price over time? What is wrong with this assumption? That isn't my assumption. My point is that we won't see the Fomo to EOY that others are clamoring for.
It was mine assumption. I was thinking loud and hope someone proves my theory wrong.
I don't think the smart money will wait for prices to fall because they understand markets. They will buy steadily.
The cycle is young. A whole lot can happen before its “maturity” BTC hit 1k when 100 was enough (x10) It hit 20k when 1k was enough. (X20) It then hit 70ishK when 10k was enough (x7) For this cycle, 100k is enough. (We can hit that or 2-3x that in 2026 or even 2027. 2028 cycle leads to 1M… by 2030 BTC can replace the USD as world reserve.
Pricetarding is at all time high now.
"Bulltards"..🤣
120,000 by March.
Degenerate price cucks deserve another 4 years of sub 100K. nostr:nevent1qqsg3fg24apy3a2w27m0t3f3pstu468k6hvdqu8zplh2vwpzmv9zz2gpz9mhxue69uhkummnw3ezuamfdejj7q3q7u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqxpqqqqqqzfl6qkx
