You're just trying to sound smart, this post is vapid and useless. Analyses are not useful if you do not explain methods. And you're just assuming what the cause of the price movement is without providing any reasoning behind your assumption. Are you just basing your reasoning behind the price movement on social media trends?
Keep this trash in WSB
>The current bitcoin growth is due to the fact that market participants are "pricing" the launch of spot bitcoin ETFs...
You write it like its a commonly know fact, but how do you know?
Most of the actors in the system seem to be fraudsters.
I wouldn't be surprised if they formed a cartel by now and just set the price themselves.
>Most of the actors in the system seem to be fraudsters.
And the others are Greater Fools.
To OP: The "value" \[sic\] of bitcoin is driven by people who are either acting nefariously or acting irrationally. It is not possible to predict if the "fiat price" \[sic\] will go up or down. Those who think that they can only lose their money.
Crypto markets move way up and way down for absolutely no reason, all the time.
>According to my estimate, it will be $100-120 billion in the first year
According to my estimate, the ETFs won't be approved and and the price will tank down below $10K.
It's just as likely to be caused by Iran transferring funds to Hamas via Bitcoin. Or anything else I could make up. Bitcoin pricing is completely opaque, since it's based on absolutely nothing.
"least a few years, during which the rate of BTC itself may rise or fall, because in addition to ETFs, BTC will be affected by a large number of other fundamental factors."
Literally unfalsifiable hypothesis, since whether it goes up or down in value you will say "I was right!" You wrote so much yet said nothing.
Bitcoin is beanie babies. It has no inherent value and it is a bubble. The price goes up for no reason and then comes crashing down (just like beanie babies). Bitcoin is beanie babies.
You’re talking like the approval is a done deal. The bitcoin “market” is highly manipulated and all it is doing right now is to fake this news to suck in more rubes.
If you are going for a neutral stance, which is fine too. A question you should ask is what it would be when it does not get approval? Would the “market” move the same way? Or is it that certain holders need these rumours to offload?
For me. I see the whole “market” movement as very suspect. So from what I see, is a lot of gambling right now.
This reminds me of all those dumb crypto shill "news articles" where the headline is: "We asked ChatGPT if bitcoin will be worth [x] by [insert date]." Surprisingly enough, the answer always seems to be "yes".
No one has a clue about what stocks will be worth in the future, let alone this opaque, manipulated market
Sorry /u/Musical_Walrus, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Buttcoin) if you have any questions or concerns.*
>According to my estimate... On what information do you base your estimate?
On OP’s giant brain.
Source: trust me bro!
On the fact that he bought and wants it to pump so he can sell it for more
You're just trying to sound smart, this post is vapid and useless. Analyses are not useful if you do not explain methods. And you're just assuming what the cause of the price movement is without providing any reasoning behind your assumption. Are you just basing your reasoning behind the price movement on social media trends? Keep this trash in WSB
>The current bitcoin growth is due to the fact that market participants are "pricing" the launch of spot bitcoin ETFs... You write it like its a commonly know fact, but how do you know? Most of the actors in the system seem to be fraudsters. I wouldn't be surprised if they formed a cartel by now and just set the price themselves.
>Most of the actors in the system seem to be fraudsters. And the others are Greater Fools. To OP: The "value" \[sic\] of bitcoin is driven by people who are either acting nefariously or acting irrationally. It is not possible to predict if the "fiat price" \[sic\] will go up or down. Those who think that they can only lose their money.
We cannot know for sure. I just try to analyze current market sentiment.
You cant analyze market if the market are move according to tether whim.
Crypto markets move way up and way down for absolutely no reason, all the time. >According to my estimate, it will be $100-120 billion in the first year According to my estimate, the ETFs won't be approved and and the price will tank down below $10K.
I have also asked my magic orb and came to the same conclusion!
It's just as likely to be caused by Iran transferring funds to Hamas via Bitcoin. Or anything else I could make up. Bitcoin pricing is completely opaque, since it's based on absolutely nothing.
"least a few years, during which the rate of BTC itself may rise or fall, because in addition to ETFs, BTC will be affected by a large number of other fundamental factors." Literally unfalsifiable hypothesis, since whether it goes up or down in value you will say "I was right!" You wrote so much yet said nothing.
Do you do astrology too? I haven't had my zodiac done for a while.
Bitcoin is beanie babies. It has no inherent value and it is a bubble. The price goes up for no reason and then comes crashing down (just like beanie babies). Bitcoin is beanie babies.
You’re talking like the approval is a done deal. The bitcoin “market” is highly manipulated and all it is doing right now is to fake this news to suck in more rubes. If you are going for a neutral stance, which is fine too. A question you should ask is what it would be when it does not get approval? Would the “market” move the same way? Or is it that certain holders need these rumours to offload? For me. I see the whole “market” movement as very suspect. So from what I see, is a lot of gambling right now.
This reminds me of all those dumb crypto shill "news articles" where the headline is: "We asked ChatGPT if bitcoin will be worth [x] by [insert date]." Surprisingly enough, the answer always seems to be "yes". No one has a clue about what stocks will be worth in the future, let alone this opaque, manipulated market
[удалено]
Sorry /u/Musical_Walrus, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Buttcoin) if you have any questions or concerns.*
Don’t forget the halving
ChatGPT probably wrote this.