So what if BTC breaks 100k as predicted by the S2F model in the near future? Which to date, the BTC price has followed it exactly. Still think it will only be £1 then? There’s plenty of people who will be thinking this price is a bargain or not far off their hopeful entry. Ps. 100k is a very conservative top prediction. The S2FX model predicts far higher.
RE: Sit back and smile. All is good.13 Apr 2021 14:23
Maybe the seller just wanted to realise his gains. Some people don’t want paper losses or profits forever. Which quite often disappear if you hold too long. If my holding was as big as theirs, I’d been off as well after a huge rise. Why risk millions when you don’t need to after such a huge rise.
If I’d gone all in on my portfolio into this which I almost did, I’d 100% sold by now. Even if I do still think this doubles / trebles or possibly quadruples from here.
Keep seeing people mention the dilution but that latest announcement wasn’t much at all. Maybe people in the know, know Nasdaq announcement is coming and they’re holding it down to fill big orders... same thing is happening in US to what happened to us today.
RE: Consequences of Mass Adoption08 Feb 2021 21:09
I personally see global acceptance of BTC but always alongside FIAT. I read all the arguments for a world of only BTC n they always seem very 1 sided. Not aimed at anyone on this board. More like the socials pumping it. I’m no expert at all but a few thoughts I’ve had... So QE, not great for the average person but that also has positive uses for the Gov. That wouldn’t exist at all. We live in a world where the rich will always get richer. So a BTC only world, how does that work when less n less trickles down... Then you have natural inflation of everyone raising their prices... nothing to combat that either. I see the 2 being tied together forever. Some sort of well balanced compromise.
I considered selling half or all of my holding in the 1.20’s, this time round would of been the correct play. Considering BTC dropped 10k over a weekend outside of trading hours, the complete opposite can also happen, decided to hold rather than try be smart. Very confident BTC hasn’t hit its ATH this Bullrun, so I’m happy to just hold rather than potentially miss another big rise. Seems everyone is panicking over here and you read the US boards and they see it as extremely cheap.
This is insane! I’m just gutted when I bought, it wouldn’t allow me to purchase what I wanted to. Kept going lower until it went through. Small trade of £800 now worth over 5k. Insane. 2nd best performer I’ve ever had.