What news can push BTC to $200k price? | Metals Mine

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What news can push BTC to $200k price?

  • #1
  • First Post: Oct 5, 2021 6:08am Oct 5, 2021 6:08am
Bitcoin is very dependent on news, because any decision made in relation to cryptocurrencies has resonance and is very actively influences investors.
  • #2
  • Oct 5, 2021 6:35am Oct 5, 2021 6:35am
Quoting PipsCrasher
Bitcoin is very dependent on news, because any decision made in relation to cryptocurrencies has resonance and is very actively influences investors.
If Elon Musk tweets that Bitcoin is treating Covid

I'm sorry...
  • #3
  • Oct 5, 2021 6:46am Oct 5, 2021 6:46am
I trade BTC and Crypto
I don't react to news or read such things, honestly, how do you want to trade after that?
  • #4
  • Oct 5, 2021 12:51pm Oct 5, 2021 12:51pm
Bitcoin ETF approval in the US is the most obvious answer. Price will ramp up when the SEC approves and before the ETFs actually go live. When they do go live will likely see a decent dump as the front runners book gains but overall ETFs are going to be huge for BTC.
  • #5
  • Oct 5, 2021 1:00pm Oct 5, 2021 1:00pm
Quoting BTCmailman
Bitcoin ETF approval in the US is the most obvious answer. Price will ramp up when the SEC approves and before the ETFs actually go live. When they do go live will likely see a decent dump as the front runners book gains but overall ETFs are going to be huge for BTC.
This ^

Also regulation, which goes hand-in-hand with an ETF approval. There is significant institutional interest but the capital is sidelined due to a lack of regulation. Just yesterday Citadel's Ken Griffin made a similar comment.
Live Challenge All Time Return: 171.5%
  • #6
  • Oct 5, 2021 2:50pm Oct 5, 2021 2:50pm
Quoting kette
I trade BTC and Crypto I don't react to news or read such things, honestly, how do you want to trade after that?

So you trade..... Without news...


Good for you bubba.
Do you pee without unzipping too?
Beware of robber banks (RB), bad advisors.
  • #7
  • Oct 5, 2021 2:53pm Oct 5, 2021 2:53pm
Quoting PipsCrasher
Bitcoin is very dependent on news, because any decision made in relation to cryptocurrencies has resonance and is very actively influences investors.
What they said above.

Adoption.

Regulations.


Did they say Canada JUST approved a first ETF. It's happening



Trillions of dolllaaa is waiting to enter Bitcoin. I'll hold part of my coins to see 500k price. Kids, me, we'll get there
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Beware of robber banks (RB), bad advisors.
  • #8
  • Edited 3:22pm Oct 5, 2021 3:11pm | Edited 3:22pm
Quoting Not-KPMG
{quote} So you trade..... Without news... Good for you bubba. Do you pee without unzipping too?

i drop my trousers,you pee against the wind
BUBBBA.


now you come with your demo
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  • #9
  • Oct 5, 2021 4:58pm Oct 5, 2021 4:58pm
Quoting kette
{quote} i drop my trousers,you pee against the wind BUBBBA. now you come with your demo {image} {image} {image} {image} {image}

Gotta love these experts with their demo accounts with ridiculous drawdowns. Not sure how rich you can make your kids with demo money
  • #10
  • Oct 5, 2021 5:09pm Oct 5, 2021 5:09pm
Quoting rogerha
{quote} Gotta love these experts with their demo accounts with ridiculous drawdowns. Not sure how rich you can make your kids with demo money

hello,
read twitter and facebook for a few hours there is btc long
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  • #11
  • Oct 5, 2021 6:20pm Oct 5, 2021 6:20pm
Quoting rogerha
{quote} Gotta love these experts with their demo accounts with ridiculous drawdowns. Not sure how rich you can make your kids with demo money

Yoooo bubba
Do you realize I have also real accounts that randos don't get to see??? And doing quite OK with them 7% a month when I bother. And of course tons of money in various Crypto that just sit there and grow.... .

You were saying???



You two are dummos, but I'm OK with that

I've seen thousands like you. Bye.
Draw fancy lines and go hungry


Here's a little hint for newbies - these experts above can't trade to earn a piece of bread, so shill their "expertizeeee" to feel good
So beware!!!!!
Beware of robber banks (RB), bad advisors.
  • #12
  • Oct 5, 2021 6:36pm Oct 5, 2021 6:36pm
Quoting Not-KPMG
{quote} Yoooo bubba Do you realize I have also real accounts that randos don't get to see??? And doing quite OK with them 7% a month when I bother. And of course tons of money in various Crypto that just sit there and grow.... . You were saying??? You two are dummos, but I'm OK with that I've seen thousands like you. Bye. Draw fancy lines and go hungry Here's...
Many people have problems with reality when they write to the wrong person.
then still insult, the truth hurts
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  • #13
  • Oct 5, 2021 6:41pm Oct 5, 2021 6:41pm
I still have one
for demo pros like bubba
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  • #14
  • Oct 6, 2021 5:40am Oct 6, 2021 5:40am
Quoting Not-KPMG
{quote} Yoooo bubba Do you realize I have also real accounts that randos don't get to see??? And doing quite OK with them 7% a month when I bother. And of course tons of money in various Crypto that just sit there and grow.... . You were saying??? You two are dummos, but I'm OK with that I've seen thousands like you. Bye. Draw fancy lines and go hungry Here's...
What a great guy.... Still at least I am in good company now with the other 866 people on his ignore list
  • #15
  • Edited Oct 10, 2021 3:30am Oct 9, 2021 9:06am | Edited Oct 10, 2021 3:30am
there was new news
facebook and twitter it's so easy




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  • #16
  • Oct 20, 2021 8:04am Oct 20, 2021 8:04am
If Dolland Trump tweets that he wishes the US government to adopt Bitcoin sooner.
  • #17
  • Jul 3, 2022 10:45am Jul 3, 2022 10:45am
Quoting Not-KPMG
{quote} Yoooo bubba Do you realize I have also real accounts that randos don't get to see??? And doing quite OK with them 7% a month when I bother. And of course tons of money in various Crypto that just sit there and grow.... . You were saying??? You two are dummos, but I'm OK with that I've seen thousands like you. Bye. Draw fancy lines and go hungry Here's...

So Not-KPMG, how is that Bitcoin income doing for you ? Let me guess right, you've been short Bitcoin for a few months now ? Sorry, did you say BTC was gonna hit 200k, remind me again, were you a zero out ?
  • #18
  • Jul 5, 2022 12:59am Jul 5, 2022 12:59am
I think Bitcoin Price depends on it’s sessions, either its bull or bear! $200k is quite impossible before 2030! Right now BTC in under $20k, and I think in the next bull run BTC will be $100k+!
  • #19
  • Jul 5, 2022 6:41am Jul 5, 2022 6:41am
Quoting Barrg1
{quote} If Elon Musk tweets that Bitcoin is treating Covid I'm sorry...
I don’t think Elon is that much potential; he tweeted already on so many shitcoins!
  • #20
  • Edited 6:35pm Jul 5, 2022 6:16pm | Edited 6:35pm
What will get BTC to $200K is people valuing the BTC money supply at $4T.

The money supply today is valued around $400B, with 19M of 21M coins already mined.

If you look at BTC as a payments system, you could compare it to Visa's $400B market cap and say it's fairly valued. But BTC is inferior to Visa in its current form, as it's slower, more expensive, and less widely accepted. For $200K BTC, the payments utility would need to be ten times greater than Visa is today. That's not likely, but not impossible either.

If you look at BTC as a store of value, which most people do, then its price is based purely on speculative interest, which is tied to cost of capital. Capital costs are rising this year, so the odds are BTC will take a hit. As a store of value, $200K BTC would need four times as much speculative interest than March 2021, when Beeple sold the $69M NFT. As that's the most speculation I've seen in my lifetime, I couldn't imagine 4x.
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