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  1. Join Date
    Mar 2004
    Posts
    10,314
    #1
    Well, Bitcoin is projected to go to 70T this year at the minimum ...

  2. Join Date
    Jan 2010
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    1,992
    #2
    Quote Originally Posted by Walter View Post
    Well, Bitcoin is projected to go to 70T this year at the minimum ...
    Btc flirted with $60k several days ago and is now hovering at about $55 to $56k. $70k might be a bit conservative considering that March is usually a slow month for bitcoin, but here we are already breaking all time highs.

  3. Join Date
    Sep 2017
    Posts
    754
    #3
    Still a high risk speculative asset. All it takes is one major exchange getting "hacked" or some regulatory firestorm and it will crash down again. Furthermore, the btc market remains vulnerable to manipulation. Some whales short the market, take a massive coordinated dump to tank the price, cover their short positions, and make some more profit with their puts. Big money play, rinse and repeat...

  4. Join Date
    Mar 2004
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    10,314
    #4
    Yeah sure, keep telling yourself that ...


  5. Join Date
    Sep 2017
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    754
    #5
    Compared to other assets, bitcoin is just too new and highly manipulated for anybody to make any kind of educated thesis on what drives its price action therefore it's safe to assume that those arbitrary predictions about its price are mostly BS. There's still a fair chance that bitcoin's pattern of breaking ATHs after crashing from its past peak could be invalidated in the near future especially if you consider that bitcoin today is vastly different from what it was some years ago in terms of utilization.

  6. Join Date
    May 2011
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    1,120
    #6
    Quote Originally Posted by Walter View Post
    Yeah sure, keep telling yourself that ...

    Do you have positions in btc or crypto?

    Never resist temptation for it may never come again

  7. Join Date
    Jan 2010
    Posts
    1,992
    #7
    Ethereum just hit an ATH after being stagnant for most of March. The fact that this happened while BTC is still stuck under 60k means ETH is finally showing some initiative to drive its own trends.

    This also means ETH mining will be the bees knees well into the end of this quarter. ;)

  8. Join Date
    Jan 2010
    Posts
    1,992
    #8
    $60.5k resistance broken, welcome to another ATH!

    We are at 1 btc = $63k as of this writing, which means the 1btc to Php3M barrier has been breached.

    #AllTimeHigh
    Last edited by Verbl Kint; April 13th, 2021 at 10:08 PM. Reason: uls

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