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Prediction: Bitcoin Will Hit $100,000 by the end of 2021


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This is actually what I picture the crypto people look like.

Payed for a portion of my wedding a few years ago with BTC gains. Still hodling and have an auto buy on for every Monday morning. Gotta keep stacking sats 

Well, if I'm going all-in on investment advice it seems as though the football internet forum stranger known as Barry McCockinner is the one to listen to.

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1 hour ago, RutgersJetFan said:

This is actually what I picture the crypto people look like.

What?!

I love investing real world money in goofy World of Warcraft internet currency!

Either get with the times or get left in the dust, chief.

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Anyone here invest in OTC's? Had a great return on a Hail Mary $150 I threw at AWGI in 2017, which is now CPSL, which has been acquired by the CEO and CFO of NXMH (Next Gen Meats). Still waiting for the 8K sec file and merger news. Very exciting time.

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9 minutes ago, Barry McCockinner said:

So a bitcoin futures ETF launched today. Can someone who understands WTF a futures ETF is explain it like I'm 5? My understanding is that this doesn't mean anyone new is buying bitcoin but there seems to be a lot of buzz about it.

https://www.cbsnews.com/news/bitcoin-etf-futures-listing-proshares-bito/

@southparkcpa?

Crypto is not something I invest in or put clients in but my understanding is that all monies that flow to this ETF will be invested in futures contracts on Bitcoin. So.. if bitcoin rises, the futures contracts will rise and visa versa if they fall.

If Bitcoin is at 10X and we hold a contract allowing us to buy at 9 X the contract will value at 1X.  So, we buy that contract.  If Bitcoin rises, the contract will rise as well.  I can read up on it but it is not my thing per se.

 

 

 

 

 

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32 minutes ago, southparkcpa said:

Crypto is not something I invest in or put clients in but my understanding is that all monies that flow to this ETF will be invested in futures contracts on Bitcoin. So.. if bitcoin rises, the futures contracts will rise and visa versa if they fall.

If Bitcoin is at 10X and we hold a contract allowing us to buy at 9 X the contract will value at 1X.  So, we buy that contract.  If Bitcoin rises, the contract will rise as well.  I can read up on it but it is not my thing per se.

 

 

 

 

 

I know you're not into crypto. It's the ETF & futures thing I'm asking about. I don't know what either is and tbh, am not grasping your last explanation. lol

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20 minutes ago, Barry McCockinner said:

I know you're not into crypto. It's the ETF & futures thing I'm asking about. I don't know what either is and tbh, am not grasping your last explanation. lol

But PLUG is coming back.  I more than tripled my money in my IRA, cashed out at 38 or so, bought at around 12.

In my taxable account, I rode it to 72, down to 24 and now at 33 or so.  Also in at around 12.

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51 minutes ago, southparkcpa said:

But PLUG is coming back.  I more than tripled my money in my IRA, cashed out at 38 or so, bought at around 12.

In my taxable account, I rode it to 72, down to 24 and now at 33 or so.  Also in at around 12.

Beavis And Butthead 90S Tv GIF

you said butplug

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9 hours ago, Barry McCockinner said:

So a bitcoin futures ETF launched today. Can someone who understands WTF a futures ETF is explain it like I'm 5? My understanding is that this doesn't mean anyone new is buying bitcoin but there seems to be a lot of buzz about it.

https://www.cbsnews.com/news/bitcoin-etf-futures-listing-proshares-bito/

@southparkcpa?

It's an ETF not unlike USO when it comes to oil. The ETF holds futures contracts and then sells them off, to only buy contracts with a later strike date. It's a commodities trade for bitcoin.

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On 2/10/2020 at 12:34 PM, Dcat said:

12/14/2017: Value of bitcoin = $17,389.22.  

Value right now 2/10/2020 (includes all splits, etc. ) $9,843.52

anyone who invested 2 years ago has lost nearly half their investment.  Of course, had someone invested at or near the beginning it would be a different story.

Thanks for the financial advice. But is premised on hope and prayer.  

2 months to go. Bitcoin is at 62k as I respond. What do you think rn? Will my prediction hit or nah?

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On 11/1/2021 at 4:23 AM, Barry McCockinner said:

2 months to go. Bitcoin is at 62k as I respond. What do you think rn? Will my prediction hit or nah?

I placed a substantial bet that bitcoin would be above 80k on Dec. 31st back in June when it was trading around 35K.  Hoping it hits, would be a nice payday

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36 minutes ago, Barry McCockinner said:

welp - this isn't looking very good right now. I would be surprised if we hit the 100K target by end of year at this point. I still think it hits  by the end of this cycle but the people who have been saying this is going to be expanding cycles seem to be correct.

It seems like the last couple times it broke prior ATH people saw clear skies ahead, opened a boatload of leveraged positions, and frankly needed to get washed out for continuation upwards to be healthy. I thought (incorrectly) that the first of the two washouts would be enough for it to work the second time. Hopefully third time's the charm.

There does seem to be on chain data that supports the idea that this will be an extended cycle as you mentioned. The on chain stuff is absolutely flawed at this point but it's interesting to see that data and better information starting to come together and grow as folks start figuring out how to parse through it, come up with metrics, and build off each other's stuff.

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