The next cycle high could be $300k... or could it?
Based on a lot of charts and posts I have seen, some people are thinking this next cycle high is going to be a big one.
Things like this:
(Source: https://twitter.com/CooliganFields/status/1662046386425155585/photo/1)
As you can see it talks about $300k as a target.
I think these people are going to be disappointed as every cycle high is less aggressive than the prior one.
We went up 17x then only 4x, and I suspect this next one may only be 2-3x.
I suspect we get a high over $100k and less than $200k, what do you think?
The problem is, will you get out at $300k?
What will you get out into?
Fiat will be crashing worse than now.
Is it this cycle or next cycle that bitcoin goes no-bid? Where no one will trade bitcoin for fiat on an exchange.
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I don't think bitcoin will go no bid (though I think you mean no ask as no one will be willing to sell their bitcoin for fiat?! Bid is the offer to buy price). I think everyone will keep their local currencies, at least for a long while still, and bitcoin will be the settlement layer and reference rate for which every other currency is based. Dollars will still exist but they will be back by satoshis, just like every other currency. That is where I think we are heading eventually anyways...
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I can never keep those two words correct. Bid/ask. This gets deeper because i can never keep straight which is the market, and which the currency.
The Internal market here always confuses me.
I too think that bitcoin will behind everything as the settlement layer, but i do not know what the local will look like. I think it will depend on the locality, where every place tries something different.
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My wild guess is around $150k...
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$100K is my Target and #solana to reach $300
I am long on #solana
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