Do you think $100K BTC is still in play for 2021?
It will all depend on whether the USA is able to control its economy, and without engaging in another war zone. IMO, nothing much will happen in 2021 until the Covid pandemic is downgraded to an endemic that is treatible by booster jabs and/or medications.
As for crypto currencies, there’s no intrinsic value in holding it, apart from speculation opportunities. arising.
I am mostly influenced by Max Keiser who is a BTC multimillionaire and a contrarian. He spent about 10 years working for Russian Television and has a Youtube channel with Stacey Herbert. Max is so off the wall but as an ex-Wall Street trader, I think his predictions are more accurate more of the time than many. He has been shilling BTC since 2011! I’ll have to check but he is still saying $220K at year end.
That’s crazy. Can’t wait for the end of the year!
Oh wow! I’ll check out his youtube channel. Thanks @Mondeoman.
If it gets to $220k, will you sell all?
HECK YES. Although I honestly would have probably sold all of it at 100k lol
Let’s see what happens with the Bitcoin ETFs in the coming weeks. If one or many are approved, then yes. If they are rejected, then we don’t hit $100k.
I think the spot market is elevating price, which is different than the last leg up were the derivatives market was highly leveraged on btc. Feels different right now.
First time heard of him. And what is he saying about EOY price and this cycle top?
Back in May he was predicting $220K per BTC. Not sure he has commented on market top, but I think he has been more right than any for 8 years on a row about the end of year market price of BTC.
He also hates Jamie Dimon with a passion, so he’s got my vote.
The forecast for 100 thousand dollars for 1 Bitcoin now looks realistic for 2021.
What changed your mind? ETF approval?
Does this keep you in or out of the market?
Who changed their minds? I cannot see anyone who posted a change of mind on this thread
I don’t trade crypto. Why? Not really interested, albeit good luck to those who speculate. Prefer FX currency pairs, plus DAX index - breakout strategy.at London opening time.
My previous POV related to investing and holding crypto currencies. BTW, my hobby is to enjoy the FX challenge and keep me out of mischief.
I’m fortunate to have enough money to meet my everyday expenses - which is all I need.
There speaks a learned man.
When I feel myself gravitating towards another new pursuit I always stop and remind myself that “the devil makes work for idle hands”, and that pulls me back to some of the more long term pursuits that have kept me content for decades.
Hmmm, maybe I replied to the wrong thread. Too many tabs open.
Yea, cryptos can get really technical really fast. And you have to keep us with those changes some times weekly. Totally get sticking with what you know and what works.
Yes it does. Let’s see what happens next.
$220K could be right for the cycle top but i`m not seeing as this EOY price.