April 2021 high 64,895 and Nov high 69,000 is less then 7%
Updated
April 2021 high 64,895 and the recent Nov high 69,000 is less than 7% apart in 7 months
Now please tell me why some on here think BTC is overvalued.
Those that have none will say they are shorting and the media goes crazy when BTC is up 10%, but are silent with the 50 and 100% 7 month runs on their favorite large cap.
2020 to 2021 was 3850.00 to 29010 for BTC 753% yr low to yr high
2021 to so far this tear high for BTC only 237% 2021 yr low to Nov high gain... so far
Even 100,000 high this year will only be a less than 300% yr over year.
So bears, quit whining about BTC being too high. Even Tsla on the 2021 low to the 2021 high is 229%.... Wait a min, that's almost like the BTC 2021 low high %!!!
Now please tell me why some on here think BTC is overvalued.
Those that have none will say they are shorting and the media goes crazy when BTC is up 10%, but are silent with the 50 and 100% 7 month runs on their favorite large cap.
2020 to 2021 was 3850.00 to 29010 for BTC 753% yr low to yr high
2021 to so far this tear high for BTC only 237% 2021 yr low to Nov high gain... so far
Even 100,000 high this year will only be a less than 300% yr over year.
So bears, quit whining about BTC being too high. Even Tsla on the 2021 low to the 2021 high is 229%.... Wait a min, that's almost like the BTC 2021 low high %!!!
Note
US Debt increased by 16 BILLION again last week . Now at 28 TRILLION and 63 BILLION. 28,963,390,000 and climbing . 29 TRILLION 500 BILLION by year end and 30 BILLION debt in by Jan 2022. That is why BTC will be 70-100 thousand by Dec/Jan ... Debt rose 2 TRILLION in past year... Bitcoin was around 30,000 Jan this year. Do the math. National debt to BTC.Note
The US debt has risen 16 TRILLION dollars since 2010... average 1.45 trillion a year. This past year we are now a rise of 2 Trillion a year. Bitcoin was .30 (30 cents) in 2010. Printing US dollars for social programs so people do not have to labor and passing more and more debt on to future generations, is why BTC has climbed and will continue to do so. The same US greenbuck in 1932 at .02 is worth 1.00 today.Note
I used to be a fan of the greenbuck but I am afraid every 100 years there is a history in currency change. 1932 to 2032. Us Dollar from gold standard reset. Don't think we will ever be able to go back to the gold standard. Gold was 32 in 1932. Gold would have to be 64,000 oz today to match 1932 and the dollar value depreciation.
Strange we are finding BTC at 64,000 a coin today!!
Note
a dip to 53k is not out of the question... Get ready for a thanksgiving run IMONote
Still in the upward consolidation phase. Right into the New Year.
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