Asuka is wrong this time

we are going 6k instead of 16k

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>we are going 6k instead of 16k
we are going 6k before 16k

In just a few weeks this stupid shit will finally be dead...

I cannot wait.

>we are going 6k instead of 16k
>we are going 6k before 16k
>we are going to 60k before 16k

Bitcoin will never go back to ATH

Heretic!

>drop to 6k
>buy
>moon to 60k
>sell
>drop to 16k
>laugh at idiots who bought at 50+

Unless we get quantum computing, something better than bitcoin of some other major event happens it will got back to ATH and beyond.

>you will never lose your virginity
ftfy

>ath and beyond

I just don't get people who think this. What would induce the buying pressure to make that happen?

BTC was at $20K two years ago. It spent all of the next year crashing, and this year struggling to reclaim and hold $10K.

At this point, BTC has reached complete saturation in terms of public awareness. The 2017 run brought in the last of the normies. The number of market-participants is not growing anymore.

What exactly the fuck is it that people think is going to happen to make the price double/triple/quadruple again?

There are enough people in this now to keep it dicking around in the mid 4 to low 5 figures for the next several years, but that's it. Higher prices are not foreseeable, let alone inevitable.

exactly this
even my grand parents are aware of bitcoin
there's no way bitcoin can go beyond 20K

>The 2017 run brought in the last of the normies
no it didn't
they will fomo in when msnbc tells them to

Noone gives fuck about your anime larps on anime larp board kek

Idk. Halvening of daily supply in 230 days?

BTC is limited. Halving in 2020. Normies who want to jump on the train, too.
Also blockchain etc is highly likely to get used more in the future.

quantum computing will not be a game changer for any time soon we will have flying cars first.

here is what will happen (the move that will absolutely fuck over 98% of the people in crpyto):
>everyone and his mother is watching this descending triangle
>bets are made but mostly people wait for the signal
>violent break out topwards to $12k and a litle beyond
>people are all hahahah bobo rekt moon moon
>then it gets selled into heavily and bring it down below $9k possibly a scamwick to $7k region to absolutely liquidate even low leveraged longs
>then it recovers and goes to the $16k-$17k region and stay there by end of october
>

Don't you go back for a run up before a big jump, user?

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i mean 98% of traders hodlers will be fine

Your grand parents parents were aware of internet at 90's yet they sure as hell didn't use it.

Reminder

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>why would gold ever break an ATH
fucking retard

BTC doesn't have intrinsic value like Gold

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btc only has intrinsic value, gold has industrial use and stuff lot of shit murking the water meanwhile btc is pure supply and demand only valued for itself.

>transfer unlimited wealth anonymously
>fucking countries are buying it to hedge against USD or their own currency inflation
>dark tether
>cartels
>dark market money
>best performing asset ever
nobody gives a shit about the average joe buying now. The normies will flock when they want to unload their bags, which is obviously not now, else we would see article after article saying to buy bitcoin.

i'm not sure you can apply the phrase "intrinsic value" for assets as it applies to stocks but btc adoption metrics like total number of wallets and total tx count correlating to the price is the only way to do fundamental analysis and lately it's not working because a lot of adopters use custodial wallets. we need an other mtgox.

Buy pressure will come from speculation. Speculation will bring the last ATH. The last ATH will bring media and dumb normies will come again to get rekt

>flying cars

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BTC, like any commodity, contains the value of labor needed to produce it. It's like congealed electricity.

Lol How fucking new are you? This board would be nothing but screaming pink wojacks and suicide memes. 97% of traders in this space are just degenerate gamblers.

You can go wherever you want. Spam the hype to broke Millennials with shitton of debt. They will enter a wishfulthinking mode of a better future. Spes ultima dea. Add a potential recession. Mix and convince them it's a once in a lifetime opportunity. Fomo. Cash out. Watch them get rekt. Kek!