Bitcoin New $60k high, where does it go now?
- Thread starter Chappers147
- Start date
- Status
I do not know. But we should call ms lagarde and ask her how many euros she wants to print. someone also should call the fed and ask them. Then we get an idea.
according to price history alone, we still have at least 3-5x to go from here at the very least.
now looking at all the activities in the space and the institutions interests ... this could get wild fast. end of year will be very very interesting smi(&%
now looking at all the activities in the space and the institutions interests ... this could get wild fast. end of year will be very very interesting smi(&%
the underlying technology (aka fundamentals) is completely useless, price is completely based on hype and people who buy because of FOMO.
I'm not saying you can't make money off of it but one day it will drop hard and won't recover.
I'm not saying you can't make money off of it but one day it will drop hard and won't recover.
People love BTC for that very reason; it is nothing. Money, gold, stocks, real estate, etc. can all be taken from you at a whim. Bitcoin pretty much exists only in your head and the keys are stored there. One of the few places you can park money outside of the sphere of government control.
Couple that with the fact that we're moving towards 100% internet money anyways very soon, BTC could become︀ the new alternative to physical cash, except you earn interest on it because there is︁ a limited amount. If people decide it so, this thing will be around in 50︂ years.
Couple that with the fact that we're moving towards 100% internet money anyways very soon, BTC could become︀ the new alternative to physical cash, except you earn interest on it because there is︁ a limited amount. If people decide it so, this thing will be around in 50︂ years.
I would agree with this as well. It is probably the most unstable but stable coin on the market. Bitcoin will always we around, but the volatility will still continue (point proven over the last few days).
Reaching 100K USD looks probable this year. I am not planning to sell there. Unlike the previous bubbles, this one could extend well into the next year because of institutional investor participation. Only a severe regulatory impact could kill this bull market, and the FED does not have an appetite for a fight right now.
During stock market booms, smaller and smaller companies rally as the boom progresses. Crypto market may have a similar tendency. As the boom heats up, small traders start grasping for altcoins. I don't see anything like that yet. For example, ETH/BTC ratio is about half of what it was in︀ 2017/18 bull market climax.
During stock market booms, smaller and smaller companies rally as the boom progresses. Crypto market may have a similar tendency. As the boom heats up, small traders start grasping for altcoins. I don't see anything like that yet. For example, ETH/BTC ratio is about half of what it was in︀ 2017/18 bull market climax.
I would guess the Fed actually︁ like this as it serves as an inflation sink (aka a place to store the︂ excess liquidity).
An inflation sink comes handy at this point. It would also help if the central banks took their foot off the throttle pedal (I suspect this is no longer an option). Even if the Fed, ECB were to leave cryptos alone, they still might want to molest stablecoins.
- Status