Bit Harington @bitharington Twitter profile

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Bit Harington

@bitharington

3 years

Never underestimate the importance of BORING BITCOIN 🚀

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Bit Harington

@bitharington

3 years

WHITE LINE: Average Bitcoin price 2X every year (including insane price bubbles). BLUE LINE: Average Bitcoin S2F price between halvings. What if, in the end, both theories are correct and both are happening? I don't like this current price crash, but I'm not bearish at all.

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Bit Harington

@bitharington

3 years

Buying 0.1 Bitcoin now (for $6500), is like buying 1 Bitcoin in 2017 (for $6500) or 10 Bitcoin in 2014 (for $6500). It's all good. It's just a different cycle. 0.1 Bitcoin is a lot, just like how 1 was a lot in 2017, and 10 was a lot in 2014, etc. Be proud of your 0.1 Bitcoin.

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Bit Harington

@bitharington

9 months

#Bitcoin Halving 1 - Halving 2: avg $500 ✅ Halving 2 - Halving 3: avg $5K ✅ Halving 3 - Halving 4: avg $50K ✅ Halving 4 - Halving 5: avg $500K ? 👾 (BTW: This is basically PlanB's Bitcoin S2F model simplified)

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Bit Harington

@bitharington

2 years

Bitcoin 2X every year. Ignore the price bubbles. $100000 before 2025 🙏🏽

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Bit Harington

@bitharington

3 years

@100trillionUSD Perhaps it makes more sense to present the Bitcoin S2F model something like this. Because there is no real S2F price line. It's just a price target area with huge jumps every halving.

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Bit Harington

@bitharington

2 years

I'm into Bitcoin since Sept 2017. I don't trade, I don't sell. I simply hodl. Sometimes stacking some extra sats. This week, right now, at $16K, is the first time that I think hodling is no longer the best strategy. We even dropped below the previous ATH now. The game changed.

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Bit Harington

@bitharington

4 years

Was drinking and chilling with friends last night. One dude started making fun of my Bitcoin holdings. Everybody laughed. I just smiled. I now refuse to explain what Bitcoin is. I'll only explain it to people who contact me, beg for my expertise, and call me messiah. BULLISH AF

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Bit Harington

@bitharington

3 years

If Bitcoin follows this pattern, the next peak is $400000 (another 10X). And after the peak, a dump to $80000 (another 0.2X). Yes, this is way too bullish and basically impossible i.m.o., but I feel like it's time for a ultra bullish Bitcoin chart anyway. PUMP IT #hopium

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Bit Harington

@bitharington

2 years

1 Bitcoin for $43000 in April 2022 is absolutely ridiculous.

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Bit Harington

@bitharington

3 years

What if... ? #Bitcoin [R=Resistance, S=Support] From the R/S line Bitcoin pumped ~6X after halving 1 (~$200 to ~$1200) and also ~6X after halving 2 (~$3K to ~$20K)...

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Bit Harington

@bitharington

4 years

Still can't believe how accurate PlanB's Bitcoin S2F model price line is. It's amazing. If Bitcoin continues to follow the S2F model price, 2021 will change our lives.

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Bit Harington

@bitharington

3 years

Bitcoin Monthly with RSI. Be prepared.

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Bit Harington

@bitharington

3 years

Bitcoin 👀

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Bit Harington

@bitharington

4 years

Everybody in the galaxy had ten years to buy Bitcoin below 10K. TEN YEARS

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Bit Harington

@bitharington

1 year

Imagine selling your precious Bitcoin one year before the fourth Bitcoin halving... 👾 #hodl

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Bit Harington

@bitharington

3 years

Bitcoin S2F; the theory of S2F states we always move around the S2F price line. Both above and below it. We're almost exactly at the S2F price line now.

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Bit Harington

@bitharington

4 years

Bitcoin is predictable 🚀

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Bit Harington

@bitharington

3 years

Bitcoin Weekly RSI is at 40 after a top. This happened before. It's a reset; the bubble corrected. No one knows what's next. Perhaps we're going up again or we see another correction and touch 30 RSI. The 30 RSI level is unique in BTC history (and screams BUY). We'll see. I hodl.

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Bit Harington

@bitharington

1 year

We left the ultimate Bitcoin accumulation buy zone already. Bitcoin bull market is now.

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Bit Harington

@bitharington

4 years

Exactly one year from now (16 Aug 2021) the Bitcoin stock-to-flow price model predicts 100K for the first time 🥷🏼

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Bit Harington

@bitharington

4 years

Confession: It took me about 1,5 years before I really understood that *all* altcoins are shitcoins. All of them. Things like 'blockchain projects' and 'crypto currencies' don't make sense. There are no 'solid projects'. There is only Bitcoin.

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Bit Harington

@bitharington

3 years

2021 was important for Bitcoin. All the famous Bitcoin influencers, the TA accounts, the on-chain accounts: Everybody was wrong, everybody was too bullish. 2021 showed how everybody is clueless. Long term Bitcoin goes up, and that's it. We're all equal. All we need more patience.

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Bit Harington

@bitharington

2 months

After halving 2 (2016) ~8 months to new ATH. After halving 3 (2020) ~8 months to new ATH. What if we ignore the Bitcoin ETF price bubble (new ATH before the halving) and simply wait 8 months again for a first 'real' ATH ($70000+). That's november/december 2024. Patience.

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Bit Harington

@bitharington

3 years

Eventually we have to admit that a lot of 2021 Bitcoin predications were wrong. Companies buying Bitcoin? Basically just MicroStrategy. Countries? Only El Salvador. Also, no Bitcoin $200K+ in 2021 (Willy Woo, Max Keiser, etc). We have to admit that we were too bullish for 2021.

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Bit Harington

@bitharington

5 years

Everyone around me knows I'm into Bitcoin, but nobody asks about it. Nobody cares. And everyone is always on their phone. But they aren't checking/studying BTC or other useful stuff, they are on Insta/Snapchat/Tiktok. All the time. I don't even use these apps. People are zombies.

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Bit Harington

@bitharington

3 years

Almost one year ago (11 May 2020) was the third Bitcoin halving. Remember everybody who said the halving was already priced in? Well, the halving wasn't priced in. Price 11 May 2020: $8568. Price right now: $56504. Bitcoin is simply following the S2F model price line.

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Bit Harington

@bitharington

2 years

Buy Bitcoin in the mountain lakes.

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Bit Harington

@bitharington

2 years

This is the original PlanB S2F model simplified. Bitcoin moves around a certain price target that goes 10X after each halving. And it's basically $500 (after halving 1), to $5K (after halving 2), to $50K, (after halving 3) to $500K (after halving 4).

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Bit Harington

@bitharington

2 years

I'm not going to ignore the next Pi Cycle Top.

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Bit Harington

@bitharington

1 year

Bitcoin is down 57% from previous ATH. This means buying Bitcoin right now (~$29800), is like buying Bitcoin at ~$8500 previous cycle. Sounds like fun.

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Bit Harington

@bitharington

4 years

This is how accurate and predictive the Bitcoin S2F model is. The S2F model price line is ONLY based on Bitcoin price data from 2009-2012. And that's it. Based on this data, the blue S2F price line was calculated by PlanB ( @100trillionUSD ). 8 years later it's still 100% valid...

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Bit Harington

@bitharington

4 years

Bitcoin is almost back at the line that's supposed to bring us to 100K ~1 year from now. Remember, the idea/model states we will move around this line. Both below and above the line. What if Plan B is right? What if stock-to-flow is real? WHAT IF THIS SHIT IS REALLY HAPPENING?

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Bit Harington

@bitharington

3 years

Highest Bitcoin price *EVER* (in EUR, €55000+) and zero media attention, no media coverage, nothing. At least, in The Netherlands there's nothing. Nobody knows, no one cares.

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Bit Harington

@bitharington

4 years

Buying Bitcoin at $0.02, $0.2, $2, $20, $200, $2000, and $20000 was early. Nocoiners fail to see the pattern.

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Bit Harington

@bitharington

4 years

All I want for Christmas 2020 is ~20K. And all I want for Christmas 2021 is 100K+. At least 10X every four years / every halving. And following the S2F avg ~100K price model. Let's go! 🐂 And if it doesn't happen, we'll just work like everybody else, right? No problem. #Bitcoin

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Bit Harington

@bitharington

3 years

Yes, Bitcoin can crash another 50% to ~$20000. Everything is possible. No one knows what's next. But from the perspective of various random indicators on the Weekly it feels like ~$35000 was the Bitcoin bottom.

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Bit Harington

@bitharington

4 years

Remember, we're still just waiting for previous ATH (~20K). It might take a while. Maybe even another year - twelve long months. No one knows. And it doesn't matter. Just chill, stack some stats, don't (panic) sell.

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Bit Harington

@bitharington

4 years

Bitcoin pumps (at least) 10X every four years. That's a fact. If this Bitcoin pattern continues, we see (at least) $200K in 2021.

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Bit Harington

@bitharington

3 years

Bitcoin dreams

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Bit Harington

@bitharington

3 years

Bitcoin 2021 summary: Bitcoin started with the ~$40K area as resistance, and now the ~$40K area is support. It seems. This is bullish.

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Bit Harington

@bitharington

2 years

What if...? #Bitcoin

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Bit Harington

@bitharington

3 years

Bitcoin Heikin Ashi weekly candles. With MACD and Fisher indicators. Is the down-only phase over? 👀

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Bit Harington

@bitharington

4 years

BITCOIN 20000 EURO 🔥

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Bit Harington

@bitharington

4 years

Yesterday, @BitcoinCameron said I wasn't bullish enough, so here's a wonderful bullish Bitcoin price chart. 🚀🙃

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Bit Harington

@bitharington

3 years

Perhaps Feb/March/April/May was just a crazy Elon Musk Bitcoin hype FOMO bubble (too high, too fast). And we now just flipped resistance into support (~40K-42K price line). 🚀

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Bit Harington

@bitharington

2 years

Thanks for all the input. I'll never sell all, trade it all, etc. Considering selling e.g. 20% at overbought prices. And buy back lower The rich famous Bitcoin guys, that quit their regular jobs, and tell you to hodl... How are they so rich? Because they actually SELL sometimes.

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Bit Harington

@bitharington

3 years

@sunnydecree RIP Must read:

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Bit Harington

@bitharington

3 years

Maybe... #Bitcoin

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Bit Harington

@bitharington

4 years

If (!) Bitcoin follows the previous-halving-2017 pattern, this is the 2021 Bitcoin chart 🐂

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Bit Harington

@bitharington

3 years

The real fun always starts at a new Bitcoin ATH #MOON

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Bit Harington

@bitharington

9 months

@100trillionUSD Why do so many people hate and misinterpret your Bitcoin S2F model? Its so basic and simple. Perhaps it should be visually represented totally different? I don't know.

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Bit Harington

@bitharington

3 years

After halving 1 (2012) Bitcoin avg $500 After halving 2 (2016) Bitcoin avg $5000 After halving 3 (2020) Bitcoin avg $50000 Maybe that's just it (a simple 'S2F' Bitcoin move/perspective).

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Bit Harington

@bitharington

3 years

Imagine a red Bitcoin monthly candle for April. Imagine repeating this pattern from 2017. That's 4X (2017: 5K to 20K) after proceeding the bull market. That's ~240K in July. Let Bitcoin chill for a few weeks. I don't want another green month. Hodl. And let the panic sellers sell.

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Bit Harington

@bitharington

4 years

Bitcoin: From $1 to $10 to $100 to $1K to $10K... To $100K? If we never see sub $10K again, this is actually happening, right now. And nobody notices anything. Except us. BULLISH AF.

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Bit Harington

@bitharington

4 years

Incredible.

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Bit Harington

@bitharington

3 years

PlanB's original Bitcoin S2F price model (average $55K between halving 3 and halving 4) is still valid i.m.o. Remember, this model (average $55K; NOT average $100K) is the model that's actually discussed in the original PlanB article 🔥

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Bit Harington

@bitharington

11 months

Bitcoin left the lake.

Bit Harington

@bitharington

2 years

Buy Bitcoin in the mountain lakes.

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Bit Harington

@bitharington

4 years

BITCOIN ALREADY WON

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Bit Harington

@bitharington

2 years

The simple Bitcoin-2X-Every-Year pattern shows how Bitcoin was in a gigantic price bubble and is now back on track. This model will 100% fail eventually, but right now it's solid. Bitcoin $100000 before 2025 makes sense imo.

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Bit Harington

@bitharington

7 months

I'm not saying this will happen, but it is possible, and we can dream. Bitcoin pattern - 10X avg each halving, it's better to simply ignore the price bubbles and extreme bottoms.

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Bit Harington

@bitharington

1 year

We are here. I can't believe people are converting Bitcoin to fiat at this moment in the cycle, at these low prices.

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Bit Harington

@bitharington

3 months

Bitcoin daily chart with MACD. Looks like a trend reversal.

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Bit Harington

@bitharington

1 month

It's boring... But so far the Bitcoin halving cycle is still the same: Buy & DCA one year before the halving, and wait. Patience. No one knows for sure what's going to happen, but so far this cycle is really not that different. Personally, I (still) believe. I'm bullish.

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Bit Harington

@bitharington

4 years

It appears, the invention of digital scarcity is worth an unlimited amount of fiat money.

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Bit Harington

@bitharington

3 years

100 years ago, Germans lost literally everything due to hyperinflation. They were so desperate that they ended up voting for Hitler's National Socialist Party. A Bitcoin standard could have prevented this. If you want to ban Bitcoin, you're a fascist.

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Bit Harington

@bitharington

5 months

Reminder: I'm not going to ignore the next Pi Cycle Top.

Bit Harington

@bitharington

2 years

I'm not going to ignore the next Pi Cycle Top.

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Bit Harington

@bitharington

3 years

Bitcoin after halving 1: $1000+✅ Bitcoin after halving 2: $10000+✅ Bitcoin after halving 3: $100000+⌛️ Probably nothing.

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Bit Harington

@bitharington

1 year

If the cycle pattern continues, Bitcoin will eventually touch the red line again. And if this happens, it will happen around Q2 2025 imo (12-18 months after the fourth halving). The red line is currently at $116K and is steadily going up.

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Bit Harington

@bitharington

4 years

After the second Bitcoin halving we had to wait 9/10 months to finally crush ATH again ($1200). And that's when the real fomo pump started. If the S2F price model is real, and I believe it is, it's definitely possible we have to wait for 5/6 more months to reach ATH/$20K. 😴

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Bit Harington

@bitharington

4 years

PlanB created 3 Bitcoin S2F models; 3 average price targets. In the ideal world, it would jump straight to the target on the halving. In reality there's a lag; 463-days is the calculated lag. 1: S2F orginal 55K 2: S2F update 100K 3: S2FX 288K Let's see what will happen. 2021 🔥

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Bit Harington

@bitharington

4 years

@JessicaVaugn Playmates converting dollar trash to Bitcoin. It's happening.

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Bit Harington

@bitharington

2 years

Bitcoin pattern

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Bit Harington

@bitharington

4 years

Bitcoin: From $6250 to $12500 to $25000 to $50000. The next 2X is $100000.

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Bit Harington

@bitharington

8 months

Bitcoin price without the price bubbles. It's strange how many people fail to see this obvious BITCOIN UP ONLY pattern.

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Bit Harington

@bitharington

3 years

Bitcoin 👀 (Bollinger Bands, Volume, Daily RSI)

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Bit Harington

@bitharington

1 year

Every Bitcoin cycle is the same. 12-18 months before the halving is the price bottom. And 12-18 months after the halving is the price peak. If the pattern stays the same, we will see a new price peak, a new ATH, in 2025, between April - September. Patience.

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Bit Harington

@bitharington

3 months

Bitcoin daily chart with Heikin Ashi candles. First green day after 21 consecutive red days?

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Bit Harington

@bitharington

3 years

2021 is the first year without Bitcoin below $5000. You failed to buy Bitcoin below $5000 in 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, and 2009. And now Bitcoin will never go below $5000 again and that's why you're crying.

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Bit Harington

@bitharington

1 year

The Bitcoin halving cycle diminishing returns is a fact. Just look at the chart. It's happening. But imagine selling your Bitcoin right now, lol... PATIENCE.

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Bit Harington

@bitharington

5 years

A few (~2-9) months after the halving we reach a new ATH. And as soon as we reach this new ATH we rally like crazy for like ~9-11 months. Ready for the next halving and the new ATH? 🔥 #Bitcoin

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Bit Harington

@bitharington

3 months

Very very very low - oversold - value of the Williams % Range indicator on the 3 Days Bitcoin chart.

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Bit Harington

@bitharington

4 years

November 2020: Why didn't I buy more Bitcoin when the price was 7K, a few months ago? June 2021: Why didn't I buy more Bitcoin when the price was 17K, a few months ago?

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Bit Harington

@bitharington

7 months

People say Bitcoin was supposed to go higher last cycle but that it didn't happen cause bearish momentum: China ban, exchanges dying, exchanges selling fake BTC etc. There's no blow-off top while previous cycles had one. If this is true BTC will surprise a lot of people this time

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Bit Harington

@bitharington

4 years

2021: The first year without Bitcoin below $5K.

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Bit Harington

@bitharington

4 years

It's 2028, Bitcoin is exploding. The fifth halving was great. Outside, people walk around with buckets of fiat, like zombies, offering piles of fiat for sats. You recognize them. They were your friends. They made fun of your internet money. You smile. It was all true. Everything.

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Bit Harington

@bitharington

6 months

Bitcoin Pi Cycle Top model, including the ATH cycle line (blue). I just can't believe people are selling Bitcoin now. Insane. Waiting for Bitcoin $100K+ in 2024 🧘🏽‍♂️

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Bit Harington

@bitharington

5 years

We're almost exactly at the Bitcoin stock-to-flow model price line now. In Bitcoin's price history it was always smart to buy very close to this line, or below the line. Also, daily RSI is below 40. That's always a nice buy moment. And hourly RSI is below 10 (!). That's unique.

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Bit Harington

@bitharington

3 years

BTW: I'm not bearish on Bitcoin, I just think we need more time. It's fine.

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Bit Harington

@bitharington

4 years

Basically everybody around me is down and stressed, and talks about covid lockdowns and curfews. And I'm just really happy, because I understand and own the scarcest asset in the galaxy. What's the Bitcoin use case? IT MAKES ME HAPPY.

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Bit Harington

@bitharington

4 years

@DocumentingBTC "Even with the ALS, my life is very satisfaying" Wow. I don't know what to say. We are the healthy losers complaining about whatever bullshit, while paralyzed Hal Finney loved his life. Also, I have to admit, I never read this forum post. It's beautiful. Thanks for re-posting.

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Bit Harington

@bitharington

9 months

In the previous Bitcoin cycle, when the TSI indicator crossed bullish, Bitcoin pumped ~6X in ten months. From ~$10K to ~$60K. This cycle TSI crossed bullish four months ago around ~$30K.

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Bit Harington

@bitharington

1 year

I believe this is possible for Bitcoin in 2023-2025. ~12 months from now (halving): ~$50K. ~12/18 months after halving: ~$150K. *Based on halving cycles, S2F theory, diminishing returns, logarithmic growth, etc.

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Bit Harington

@bitharington

4 years

Graph image of previous bull market. This cycle the 'Low' is ~$3200. And the ATH is ~$20K. If we repeat this pattern, the 'Top' is (3200x100 or 20000x16) = ~$320K. So, 100% of previous cycle? Top: ~$320K. 50% of previous cycle? Top: ~$160K. 1/3 of previous cycle? Top: ~$106K.

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Bit Harington

@bitharington

4 years

Various people who don't understand Bitcoin (dumb mass media, economists, etc) call it a 'bubble'. If we check the chart we can spot a view 'bubbles'. It's just price discovery, but hey, let's say these are 'bubbles'. Perhaps Bitcoin now enters a new 'bubble' (around $50K) again?

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Bit Harington

@bitharington

2 years

One year from now, we will witness Bitcoin halving 4. That's when the fun starts. Imagine selling your Bitcoin today, approximately one year before the Bitcoin halving...

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Bit Harington

@bitharington

5 years

From the second halving (2016) to the top (2017) the Bitcoin price jumped ~29X. Let's say the Bitcoin price is 10K when we're at the third halving in May 2020. 29X again? 290K top. 25X? 250K. 20X? 200K. 15X? 150K. 10X? 100K. 5X? 50K. Selling now is ridiculous.