If we take today's price $8800 and use 49X = $431,200
If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price).
WE ARE SOOOOO EARLY PEOPLE.
I’ll say it again, if you need to pay rent then sell your BTC depending on your issue.
If you want to buy a house and stop paying rent, buy and hold. Use averaging for best price.
Please go to dcabtc.com/ for a BTC dollar cost averaging calculator which compares BTC to other assets. You will see that BTC still has the most positive returns despite any short-term volatility.
Everyone needs to have a reserve of cash. I fluctuate between 10-30% and BUY THE DIPS.
Go talk to someone like Tim Draper - "Even during 2017’s market run-up, which sent Bitcoin to $20,000, he didn’t sell his stack for fiat. "
Draper "purchasing 29,656 coins at $632 apiece — $14 above the going rate on spot exchanges. In all, he spent $18.74 million on Bitcoin."
Maybe Draper sees the bigger picture, or some TradingView members are just too shortsighted to see the larger picture.
Which are you?
Source - www.newsbtc.com/2019...first-bitcoin-batch/
If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price).
WE ARE SOOOOO EARLY PEOPLE.
I’ll say it again, if you need to pay rent then sell your BTC depending on your issue.
If you want to buy a house and stop paying rent, buy and hold. Use averaging for best price.
Please go to dcabtc.com/ for a BTC dollar cost averaging calculator which compares BTC to other assets. You will see that BTC still has the most positive returns despite any short-term volatility.
Everyone needs to have a reserve of cash. I fluctuate between 10-30% and BUY THE DIPS.
Go talk to someone like Tim Draper - "Even during 2017’s market run-up, which sent Bitcoin to $20,000, he didn’t sell his stack for fiat. "
Draper "purchasing 29,656 coins at $632 apiece — $14 above the going rate on spot exchanges. In all, he spent $18.74 million on Bitcoin."
Maybe Draper sees the bigger picture, or some TradingView members are just too shortsighted to see the larger picture.
Which are you?
Source - www.newsbtc.com/2019...first-bitcoin-batch/