ITT we analyse long term Bitcoin charts and discuss where the price will be over the next few years.
I think we'll touch the $7200 range again, before beginning the next moon mission in mid-April.
The time to accumulate is NOW.
Bitcoin Long Term Charts Thread
Thomas Bailey
Hudson Anderson
More details.
Leo Morales
Sandwiched in between the majority of despair and pink wojak posts, seems legit. No sarcasm
Whatever the majority of biz thinks, do the opposite, make actual money.
We'll see about the timeline, but I was wrong on the acceleration to 5 digits, so I may be wrong on 6 and 7 too
Xavier Jenkins
Why is it on a log scale?
Brandon Price
Because exponential growth. This article explains it pretty well: www.investopedia.com/ask/answers/05/logvslinear.asp
Also see pic related.
Austin Lee
sorry OP, there aren't enough annotations on this chart, I can't read it
Owen Green
Try this one.
Matthew Gutierrez
My expectation is $100K BTC by end of this year. Then crash to 20K in 2019. Then up to $1M by 2021.
David Howard
holy shit nice fucking color choice
yellow with white
colorful shit everywhere
looks like 6 TA's mixed together
Thomas Murphy
dumb
it has no reason to go to 100k this year
OP's scenario more realistic
Kayden Wilson
Charles Sanchez
did it have a reason to go to 20k last year
Isaiah Harris
Michael James
Where is PoS/PoL? (Proof of Short/Proof of Long)
Reminder to not trust any TA fag that does not show his LEVERAGED positions that concur with his analysis.
If he doesn't trust his money with his TA it's because it's not worth a shit.
>"but I don't like gambling"
So TA is not that solid if it's a gamble for you then?
Anyone can hold, not everyone can net profits on leverage and avoid liquidation until cashing out, it takes real skills and balls, because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.
Chase Peterson
Connor Gomez
the OP of that chart changed the fit, the curve is at about 8k right now. Search trololo on bitcointalk
Joseph Sullivan
Here's a more recent version.
Sebastian Cook
This is such a comfy thread.
Joseph Kelly
>This is such a comfy thread.
Hi
Lincoln Anderson
Anyone want to argue the bear case - i.e. bitcoin is worthless, bubble has popped, going to zero, muh late adopters etc.
William Cook
Thanks just bought 1
Xavier Johnson
>no real use
>clunky as hell
>reptilians wont allow it
>meme lines
>rose too much already
>what if mania phase was december, how to know it
>dump it
Evan Reyes
Says who? It will do whatever it wants to do if the money comes in. Its reason is worldwide adoption.
Jeremiah Gray
Wheres the money coming for the next run up though, normies or institutions?
Cameron Collins
both
Jordan Richardson
ez
Charles Gutierrez
I think institutions are already accumulating quietly (low key), followed by normies and big-time institutional money once we get close to $20K again.
Daniel White
In that chart it looks like you predict BTC to go all the way to 1.5M then crash all the way back to $2,500? Ya okay.
Andrew White
I’ll make another thread latter addressing it in more detail, but this is what you wanna look at.
>pic related
Joseph Adams
Not my chart or prediction, but it might make sense. By 2021 BTC will be obsolete, surpassed by much superior technology. It might die completely.
Bentley Wilson
>parabolic move is is 2 waves
>major and minor psychological resistances
>10, 1000 hard resistance
>100, 10000 mild resistance
Colton Gray
I agree.
Leo Gray
So yeah, OP is correct