$100k BTC by May of 2021
$100k BTC by May if it continues to follow Stock to Flow
I don't think it will happen exactly like that, but if it did, we would see $100k by May of next year.
Sees:
(Source: https://twitter.com/MMcrypto/status/1290487864929656832/photo/1)
It trailed under the stock to flow line for much of the 2017 bull market, so I don't think it will happen by May of next year.
But I do think it will happen by Christmas of next year.
What about you?
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I'm waiting. Sold most of steem and hive for BTC.
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Judging by the early price action, looks like you made the right move. Are steem and or hive ever going to go up?
I think we miss the moment and opportunity. Other platforms with more money and devs will build something new and better.
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So, why here then?
I'm here for four years. An old habit I guess.
Like smoking, hehe.
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I agree with you that it being left out currently is not a good sign, but I wouldn't say any of these projects are dead just yet.
How much weight do you put in the stock to flow model?
Some bitcoiners are very much tied to it whiles others totally dismiss it.
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It's hard to argue with the results thus far. I'd say I am hopeful it keeps working but not sold that it will.