3 ms·

> not much lower than that. Not much lower than what? > How low will it go in this cycle In the ballpark of 50K USD.

• scotty79 5mo ago
  > Not much lower than what? Than the current price of fifty-ish k. Although even if you buy and sell perfectly. This cycle gain shouldn't be larger than about 100% between now and +2.5 years from now. And that's in dollars, that are gonna probably lose another another 15% of their value in that time. Bitcoin became a pretty boring asset.
  • OutOfHere 5mo ago
    > Than the current price of fifty-ish k. Huh. The price as of today is 63K USD. Please always state your currency unit, and it's best to stick to USD for international communication purposes. Are you new to this? I guess it's okay for different people to have different beliefs about how low it'll go, otherwise it wouldn't get traded. I base mine in experience over the last few cycles.
    • scotty79 5mo ago
      Ah, yes, sorry. My bad. I was looking at the price in EUR since USD went downhill and stopped being a roughly stable measure of value. My estimates are basically eyeballing the chart of deviation from logarithmic curve fit (on log-linear scale) of all btc price data (adjusted for USD inflation) going back to 2009. It's more of a family of charts since picking t=0 date is fairly arbitrary.