Why would you stop doing push-ups when the price of Bitcoin exceeds 100,000 euros?
It's not like that. It's a moving target. iirc when I came here it was 100,000 USD and then when we burst thru 100K USD
the target was switched to 100K EUR to give us 'just that little bit' extra to move forward.
Kinda like my gym trainer used to say - count your reps, and one more for good luck. The little extra helps to keep moving.
Maybe once 100K EUR is done we'll be aiming for 200K USD 🚀 (or maybe 150K USD and then 200K, etc)
There is no need to pay attention to OP's retarded decision to switch the unit from USD to EUR.
OP is easily distracted into nonsense, and you are correct that we started out shooting for USD, and surely many of the forum's discussion points looks at BTC versus USD, so the OP operator is largely lost, even though he is the owner of the thread, so who knows what he is going to do to screw up an otherwise good thing, since there hardly seemed to be any justification to change the trading pair, even though surely in early December 2024, we had reached the target on the first time, and then since early May we have mostly remained above $100k, with only one short divergence below $100k.
Of course, we cannot necessarily be sure whether we are above $100k for good, and it seems to me that unless we can meaningfully go a certain distance above $100k, perhaps even getting to around $330k, we cannot necessarily rule out $100k being tested. Even
the 200-WMA is currently ONLY at $52.5k, and historically the 200-WMA has been tested every 4 year cycle - and the BTC price even ended up going right around 35% below the 200-WMA at its lowest points in November 2022. So we cannot completely rule out $100k being tested again, even though each cycle seems to have its own nuances, and frequently large corrections are followed by some form of blow-off top, and so far this blow-off top measures quite smaller than previous blow-off tops, yet it still would not be out of the question for the top to be in, even though surly there seems to be an appearance of a lot of bitcoin demand out there in the real world, so it seems to be a minority perspective (of anyone who actually knows anything about bitcoin) to expect that the top for this cycle is already in and that we would soon be going back below $100k.
Another thing is that the 200-WMA is ongoingly moving up and so far in bitcoin's history, it has never gone into the negative, even during the extended period of about 16 months between about June 2022 and October 2023 in which the BTC price spent a lot of time at or below the 200-WMA, and the 200-WMA it was ONLY going up in the ballpark of around 20% annualized during that depressing period. You can see (and/or calculate) from
my latest 200-WMA projection chart that currently, and for the last year-ish, the 200-WMA has ONLY going up between about 30% to 40% on an annualized basis, which seems to be somewhat muffled, even though historically there have been 6-month periods in which it was lower than usual and then other 6-month period in which it had quite higher increases.
Surely, we cannot expect that future results are guaranteed based on past performance, even though some folks might be willing to bet that sub $100k will never be breached again. Personally, I would not bet on it even though I have asserted that I am willing to bet that sub $80k will never be breached again (at least any time before the end of the 2027 calendar year), even though I am ONLY around 50/50 confident that no sub $80k BTC prices prior to 2028 would be a winnable bet.
Don't get me wrong. Even though I am asserting that we cannot rule out downside scenarios, I still think that bitcoin is amongst the best, if not the best, risk-adjusted place for anyone to put value, and bitcoin is available to everyone and/or anyone, even though we still have quite low-level adoption, even though there are quite a few BIG players who are pumping bitcoin and also proclaiming to be engaged (or inspiring to be engaged) in bitcoin accumulating and/or hoarding practices, including but not limited to MSTR and various MSTR copy-cats, the USA government and various other governments at national and even local levels, the ETF providers (at least on behalf of their promoting products for their clients) and several others who are at least talking the talk.
So, no matter BTC's short-to-medium price performances, it seems that bitcoin remains a great place to begin to put time, energy and value or to continue to put such time, energy and value, whether or not we ever get sub $100k prices ever again.
Just to re-emphasize, there is no need for us to get distracted into other currency pairs, even though the dollar fluctuates in value between other currency pairs, it seems that if the dollar is going down they are all going down even worse than the dollar, if some of us might have heard of the dollar milkshake theory, which largely just suggests that all fiat currencies are likely going to collapse into the dollar, so the dollar is the most relevant fiat currency, even though it is not as good as bitcoin, so bitcoin is likely to prevail over the dollar and value will continue to get sucked into bitcoin, even if it could take 50-200 years for some aspects of these matters to play out, so long as bitcoin continues to remain the strongest of currencies, yet the fiat currencies and fiat debt systems are going to continue to put up some good fights and likely distract folks from recognizing that bitcoin is the best of places to put time, energy and value.
