I’m genuinely at a loss here. Given historical data and the just overall undeniably, and incredibly useful, valuable, beneficial, etc. qualities of bitcoin, I’m am most certainly bullish on BTC. However, I genuinely don’t know that it could ever return to its 2021 heights if there isn't another incident like a stimulus padded pandemic. Many analysts are even putting out 100k price targets. I’m at a loss for conviction, so I thought id open it up to a discussion: Are you long-term bullish? If so, do you think it can make new highs? If so, how long do you think it’ll take?
11 sats \ 0 replies \ @8 23 Nov 2022
Bitcoin is a clock. It bottoms when it’s supposed to bottom and it tops when it’s supposed to top. Sentiment changes on a dime. If the next CPI report comes in soft and the Fed changes it’s tune, we’ll be off to the races, everybody will be talking about how the leverage has been flushed out of the system. People have very very short memories. The bull market will return as scheduled, let’s just hope people have lost faith in shitcoins, but lottery tickets and scratch offs will never die. Hang on brother, we’re near the bottom.
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10 sats \ 0 replies \ @senf 23 Nov 2022
It was surreal and basically unbelievable when it hit $100, $1,000, $10,000, and I'm sure it will feel the same at $100,000. It's not guaranteed, but seems likely to me at this point.
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0 sats \ 0 replies \ @cointastical 23 Nov 2022
Bitcoin is global. Mass adoption doesn't even need to happen for bitcoin to be the beneficiary of a trillion or two dollars of capital flowing out of wherever it sits today.
I don't know when that will happen, ... but seeing how this space is simply not slowing down, with new innovations daily, just because there's a bear market tells me previous all time highs are most definitely still attainable. Second layer networks, ... initially Lightning network, will be what drives the next boom cycle.
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0 sats \ 0 replies \ @satup 23 Nov 2022
way to go, tbh
it could be worse before getting better, it’s a long march may take years to see a real prosperity given the real world economy is also tumbled in struggling, Russia and China to blame as well.
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0 sats \ 0 replies \ @User21000000 23 Nov 2022
I think by this time in the next halving cycle our lows will be near current ath
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