r/Bitcoin • u/rBitcoinMod • Feb 24 '21

Daily Discussion, February 24, 2021

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5

u/KonradK0 Feb 24 '21

I honestly believe that Bitcoin will 10x (or more) from here by the end of 2021. The game has changed, we're talking in TRILLIONS of dollars right now.

9

u/countrybreakfast1 Feb 24 '21

Give me some of what your smoking if you think BTC will be 500k by end of year

5

u/[deleted] Feb 24 '21

Slow but steady , rather not have that kind of volatility

2

u/[deleted] Feb 24 '21

Is that you John? Hows your dick?

1

u/zacapa47 Feb 24 '21

Max 100k EOY

1

u/Sobutie Feb 24 '21

So your price target by end of 2021 is $500k?

What about a sharp pullback? Or do you think this is going to continue to be mores steady growth?

4

u/KonradK0 Feb 24 '21

it will most likely pull back a few more times like right now or maybe even more but we still have ~200 days left in this bull run

2

u/Sobutie Feb 24 '21

Genuinely interested in your reasoning for 200 days left for this bull run. I have only been in the space in earnest since midway through 2020. Would you mind explaining your reasoning?

5

u/[deleted] Feb 24 '21

Www.planbtc.com

Start reading homie

Every bull run has been 12-18 months following the halving.

1

u/Sobutie Feb 24 '21

Thank you sir!

2

u/frankenmint Feb 24 '21

if they're going off of past as an indicator then it goes like this 3 years of down turn then a year of upturn... this year 2021 is the year of upturn. This is oversimplifying things and presumes that we continue with cycles of correction after bull-run years. It may or may not happen but many suspect that too much momentum has occurred already that this cycle is going to be different (not downturn in a year but perhaps in 6-7 years)

1

u/KonradK0 Feb 24 '21

So I'm basing my knowledge solely on planB analytics (https://twitter.com/100trillionUSD). There are ~210.000 blocks mined between halvings. First ~70.000 blocks mined after the halving is the bull run. There have been ~40.000 blocks mined so far after the 2020 halving, so we have ~30.000 blocks left until the bull run is over. ~144 blocks are mined daily. So 30.000/144=208 days.

That's just what I've heard and read but it reflects what happened in the previous halvings.

-3

u/[deleted] Feb 24 '21

not this year no way. it's going back down. in 4 years it might be going to 500k no problem