Bticoin Will Be 100K In 2021

Look at this chart. No this is not the current chart for bitcoin. Look at the dates on the bottom. This is the previous bitcoin boom bust cycle. The large spike is the result of the first halving and the end of the chart ends roughly where the second halving took place in mid 2016.
At the time It looked like it was a classic bubble and it would never recover, but it did and we all know what happened in 2017.

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I don’t have enough dough for a single bitcoin tho. I’ll just stick to stocks I guess :(

This is the current bitcoin chart. Notice how similar it is? Even the volume follows the same pattern. How can anyone think we are not going to new ATH next year. It is so obvious that no one believes it will happen and that is exactly why it will.

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doesn't even look remotely the same. That had a much healthier correction from the top, and a smooth non volatile ascent from the bottom. The bitcoin chart now looks like a half paralyzed animal going through its death throes

Look at them user. They are exactly the same.

You are all so retarded, if you are not accumulating as much bitcoin as you can over the next six months you will never make it. Once bitcoin takes off next year take chunks of it and put it into promising shitcoins and you will make it.

Yes of course my thread gets slid in favor of all the shitcoin threads.
THE SHITCOINS ARE A REDHERRING THEY DON'T WANT YOU TO BUY THEIR BAGS BEFORE THE KING GOES BACK TO 90% DOMINANCE AND FUCKING MOONS.

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I’m with you user, now be quiet so I can keep filling my bags.

We agree on the 100k. I just don’t see it happening till 2023. Either way man

I think it’ll be late December of this year that the bull run starts, and it should at least come close to 100k buy the end of Q1 2021, and then dump back to 20k in Q2 or Q3.

>I don't have enough dough for crypto
>I'll stick to stocks

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60-80k by the end of this year.
280-320k by the end of next year.

Yes, yes, we already know. The shitcoin pajeets outnumber us though.

It's gonna dump hard soon

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As long as leverage trading and OTC buy exist, BTC will be tamed below 10k. Screencap this.

100k is too much. Next top is 60k maximum. Altcoins will grow with it though, maybe not as brainlessly as the last time where everything did 10x minimum, but the few that can get along will have nice gains.

Listen OP, and listen good.
What happened with bitcoin in 2017 was a singularity, the hype was high, and normies got on board, they all got burned and bitcoin now has the reputation of being unstable.
Try talking about bitcoin to your boomer colleagues, or a girl you date, they'll all tell you they don't trust it.
Bitcoin reached 17k because your grandma and my grandma were buying it, that was the normies getting on board that made the price moon.
after the massive dump, our grandmas will never touch bitcoin again.

You need to understand that. Normies will never touch bitcoin again, actually, many of those who bought at ATH are still holding their bags and are desperate to sell them as soon as it starts to reach the 12-13k mark.

On top of that, the value that bitcoin provided is less and less relevant, it even is becoming replaced as a currency on the deep web by Monero, the only reason it retains such a high value today is because it is the face of crypto, that's the only value it has, period.

Now many people will call me retarded, they all hold bags, and deep down, they all know I'm 100% right

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Thank you frens, been losing my mind with the shitcoin posts. This is what happens when bitcoin takes a 3 year break.

imagine thinking retail normies have anything to do with price

The cycle will repeat. This is exactly what was being said when I got into crypto in early 2017. I was called crazy for buying btc when it was at ATH but it kept going and going and it will happen again.
The effects of the halving will set in, just needs time. We are in 2016 right now.

Based.

based user.
Right now greyscale.. ONE ENTITY is buying 150% of the amount of new bitcoin. The only reason we havent mooned right now is the selling pressure from miners who are quitting, which we can see via hash rate drop.
Once the miners have finished selling off this thing is off to the races.

I have not heard this but I believe it.
Don't fall for the miner capitulation fud, the difficulty will adjust and they will come back.

Yes it's following the same pattern but the cycle get's longer tough with all this brrrr it's hard to know , proably the peak will be 2022 and 250k.

100k was the target but with the world monetary bases triplicating in just a year it's now hard to predict since the bullrun will happen together with the inflation that we seen in 2009-2010-2011 after the qe programs but this time on steroids.

Looks the same but a little less steep it’s like the bull and bear markets are getting longer together ?

The miners are not capitulating it's just that btc is no longer a meme now , due to high use and demand this halving is affecting difficulty harder.

Previous one the supply decreased 50% in one day , this time it's taking weeks due to the fees block rewards went from 12 to 9 , to 8, to 7 and we are barely reach 6 now.

The fee market made this halving effect to be a little softer on miners but in two weeks the hashrate will reach it's base and start to go up again.

Bitcoin inflation is now lower than fiat.

The supply keeps going on and fiat supply going up as it's happening leverage trading and otc shorters put the price down and then we see massive 15% days up.

They have been able to do this shit since 2018 and it's still following the halving pattern , all it means is that they will keep the price to it's base which with lower inflation than fiat is irrelevant since they will make btc more stable than the usd doing this shit.

Yes the cycles may be getting longer (hockey stick curve), I have seen a lot of longterm TA saying 2022 will be the year, it might be sooner or later.

There's no reasons for BTC to go up, quite the opposite. And the difficulty argument is a joke, price goes down and difficulty follows.

Later. Maybe 2025

Difficulty is attached to hash rate not price.
Halving makes price go up, it really is that simple.

checked

i remember telling people in 2016 it would reach new ATHs and got laughed at
the same thing is happening again and its poetic

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Hashrate is attatched to price though. Noone will mine if btc is worthless and the hashrate is skyhigh. Supply and demand determins hashrate which also determines price.

That's not actually true though. The price can go up while the hashrate drops.
They are correlated but not connected.

>Halving makes price go up, it really is that simple.
No it doesn't. Tether does. Can't wait for the criminals to be taken down.
Supply is fixed at 21m, so halvings don't matter. The block reward was put in place as a subsidy to help kickstart the network. When it reaches zero, there's no more incentives for miners. Hence, BTC is dead man walking and will most likely die way before all coins are released.

>I’ll just stick to stocks I guess :(
user you may want to reflect on your life.

Shut the fuck up DataDash. You’re such a fucking bear it’s nauseating. 2023? What world dude? BTC could hit 100K on a whim easily over the course of a weekend.

I am trying to be polite to brainlets but this is a really dumb thing you said.

can OP explain why 100k?
I don't see it -- show me the explanation at least.

Hash rate is a lagging indicator on price. The hashrate can be irrationaly high or low but it follows price and us based on human psychology the same way that price is.