Long Bitcoin @ 50k (wait for *gentle* pullback)
Güncellendi
Now thru April (possibly May!) my price targets are red. Blue dashes paint the long term trend. We're priced in for 10 years right now. That's going to create volatility between 60k and 45k in the near term. Long term, I expect a pullback to $3900. We've had momentum support (broadening rays) without horizontal support since the first market. Pretty common for highly hyped assets. DCA along that blue dash highway if you're in it for the long run. I would like to see the crypto 'currency' Bit'coin' behaving more like a currency, but for now it's fun to speculate and keep this goose laying golden eggs.
Just be mindful of the fact that you still can't buy a latte with Satoshi's yet in any major retailer. There is no intrinsic value here. Opportunity cost here is 'all other investment asset classes are massively overvalued'. Food for thought: we're getting close to the market cap of Bitcoin touching Apple stock. Opportunity cost at that point is a simple question, would you rather buy 'shares' of Apple (a company with a significant book value and assets that bring in future economic value --at least until their EPS falls) or Bitcoin (a life boat currently accepting guests from the USD but without any intrinsic value -- given the failure to offer value for value as in basic contract law it's likely to become another Volatility meter rather than a functioning currency.
Just be mindful of the fact that you still can't buy a latte with Satoshi's yet in any major retailer. There is no intrinsic value here. Opportunity cost here is 'all other investment asset classes are massively overvalued'. Food for thought: we're getting close to the market cap of Bitcoin touching Apple stock. Opportunity cost at that point is a simple question, would you rather buy 'shares' of Apple (a company with a significant book value and assets that bring in future economic value --at least until their EPS falls) or Bitcoin (a life boat currently accepting guests from the USD but without any intrinsic value -- given the failure to offer value for value as in basic contract law it's likely to become another Volatility meter rather than a functioning currency.
Not
Watch out if we're still poking tooth picks into $68,173 by the end of the second week in April. I suspect that the next major dip will be in early April.
Feragatname
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