This bitcoin graph has become so accurate again at the moment, it's scary
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Re: This bitcoin graph has become so accurate again at the moment, it's scary
#2It says:
"It will end - rapidly - in an epic sell-off as people realise that there are no more greater fools above them"
I was impressed with his prediction of the first top and drop. But if this will play out like the chart says it will. Well... impressive.
What do you think?
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#3It says: "It will end - rapidly - in an epic sell-off as people realise that there are no more greater fools above them" I was impressed with his prediction of the first top and drop. But if this will play out like the chart says it will. Well... impressive. What do you think?
It's incorrect since Bitcoin usage is still high.
https://blockchain.info/charts/n-unique-addresses does not look bearish to me
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#4It says: "It will end - rapidly - in an epic sell-off as people realise that there are no more greater fools above them" I was impressed with his prediction of the first top and drop. But if this will play out like the chart says it will. Well... impressive. What do you think?
It's incorrect since Bitcoin usage is still high. https://blockchain.info/charts/n-unique-addresses does not look bearish to me
It was a short term prediction though. If you press play on the right side of the graph, it will update up to present.
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#5I wouldn't call this "scary." It's not tough to apply basic technical analysis to charts. It may or may not go down, but TA isn't set in stone and only works in the long run in retrospect.
See, e.g., the double top: http://www.forexhit.com/learn-forex/price-patterns.html
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#6The accuracy of predicted levels is amazing...
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#7There are max 21 million bitcoins.
There are 7 billion people.
So there is 0.003 bitcoin per person.
So if bitcoin will one day become "THE" currency, isn't it more than logical that 1BTC will become worth more than a million dollars or something like that (not that dollars would still exist at that time, but, 1BTC would be worth as much as an average group of 333 people owns)?
Or am I misunderstanding something about currency?
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#8There are max 21 million bitcoins. There are 7 billion people. So there is 0.003 bitcoin per person. So if bitcoin will one day become "THE" currency, isn't it more than logical that 1BTC will become worth more than a million dollars or something like that (not that dollars would still exist at that time, but, 1BTC would be worth as much as an average group of 333 people owns)? Or am I misunderstanding something abou…
Yeah, you're assuming each of 7 billion people will even have a share of one bitcoin. About half of the 7 billion people today live on less than $2.50 a day, and I don't see how extreme wealth inequality could get anything but worse with bitcoin.
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#9There are max 21 million bitcoins. There are 7 billion people. So there is 0.003 bitcoin per person. So if bitcoin will one day become "THE" currency, isn't it more than logical that 1BTC will become worth more than a million dollars or something like that (not that dollars would still exist at that time, but, 1BTC would be worth as much as an average group of 333 people owns)? Or am I misunderstanding something abou…
Theoretically right, but once you have bitcoin becoming mainstream currency, there will be different forks/alt coins that are also equally good and digital currency will be widespread instead of just bitcoin. Just a guess..
Re: This bitcoin graph has become so accurate again at the moment, it's scary
#10There are max 21 million bitcoins. There are 7 billion people. So there is 0.003 bitcoin per person. So if bitcoin will one day become "THE" currency, isn't it more than logical that 1BTC will become worth more than a million dollars or something like that (not that dollars would still exist at that time, but, 1BTC would be worth as much as an average group of 333 people owns)? Or am I misunderstanding something abou…
I've given this a little thought at least: http://erikaugust.com/blog/thought-on-bitcoin