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This is it guys, this year BTC will reach up to $200,000 per coin, according to Nicolas Merten and we will probably have a blow off top afterwards, as predicted... BTC was supposed to get that high after its 2020 halving as well and PlanB has "mapped that" for a few years prior to that, but it didn't happened.
I guess nobody has that answer. There simply wasn't enough buying power to push the price that high. $69,000 was the top, or a top... Now, in the middle of a over two years long crisis BTC is making its way on the "safe heaven assets" alley. Or, should we call it "sound money"?
I guess we could do that too.
If BTC was bought from the $3,000 level, just after the March 2020 black swan event occured, all the way up to $69,000, in such an aggressive matter, just for speculative sake, we should take in consideration that now we have a war that's pushing the price of Bitcoin up. Whole different cases.
We can already talk mass adoption in here. I honestly don't know if BTC will get that high as $200,000 by EOY, and proved once again to be click baiting you with that title, but I have to say that I'm more prepared right now, in case of a bull run, then I was two years ago.
March 2020 caught me pants down... No external income source, other than crypto, poor savings, extremely low crypto prices to make a living with and a hell lot of uncertainty. I have to say that I was more fearful back then(during the start of the pandemic) than I am now, despite the war taking place in a country that's a neighbor of hours.
This March is whole different. I haven't panic sold anything during the February 22 crash that took BTC from $44,000 to as low as $35,000, soon after the invasion of the military forces to Ukraine. On the contrary, I kept on buying crypto for a few weeks now, most of them being shilled by @mindtrap, because I saw this event(the market crash) as a similar one with the March 2020 crash.
Back then we had a hell of a buying opportunity and we might in the same position right now. Back then I was blogging for $0.10 per HIVE while now I'm doing it for an average of $0.8 per HIVE(plus the LEO I earn and other second layer tokens). Was selling ETH at that time, by the way, at something like $200 a piece.
I regret that, but I kind of had no choice...
What's also different this time is my savings, which are a bit better that they were in 2020 and my morale is also a lot different. I have to give a shoutout to @inalittlewhile for putting me on that UMA KPI options airdrop because that has played an important role in strengthening my savings account.
I don't have any magic ball saying that BTC will indeed reach $150,000 to $200,000 by EOY, as forecasted by Nicolas Merten who I followed on youtube for a whole and I also don't have any certainty that "March 2020 occurred on February 22, this year", but I'm ready and I will keep on adding to my portfolio and staking for as long as things are going to be sane in the market.
Once we get into 2017 like euphoria levels, I'm out. Won't be repeating the same mistake again. $150,000 to $200,000 BTC this year would put alts on Mars, hence I'm patiently waiting for that and eager to finally make some life changing money.
Thanks for attention,
Initially Posted Using LeoFinance Beta
