Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made:

http://www.marketoracle.co.uk/Article23786.html

I have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are:

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/

https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/

https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/

https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/

It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow.

But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion.

I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you.

Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.

You will need some dry powder to buy when there is blood in the streets.

You've been warned.

Just go ahead and short it on max leverage anyways which is what comes natural to you, nothing possibly could go wrong amIrite?

The bitcoin price shall reach $600-700 in the middle of the year. It will be $1000 by the end of the year.

Bitcoin will never reach 20 and that will be also not good for us that have Bitcoin. If you can see you see that the price is rising.
But you never know what can happen later in the future. It can be also fall down and that wont be very good.

echt ich mir nicht, warum?

100,000 cars is nothing. It might as well be zero. Energy is cheap. There are more and more oilfield discoveries and oil is becoming cheaper with new oil-drilling technologies and increased production, especially in North America. These conditions are not good for Tesla. Why should Tesla be worth 6 times what bitcoin is worth? Because of the Gigafactory? Give me a break.

Facebook was started in 2004. Eight years later, in 2012, it was valued at 100 billion dollars during its IPO. The company barely makes any profit compared to this valuation. The price to earnings ratio has been over 100. And the younger generation doesn't even use Facebook anymore. They have moved on to Snapchat. Yet Facebook is worth 300 billion now.

Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.

Dear S3052, what is the cumulated return (and drawdown) of your strategy YTD ?

Well said, as with any type of investment the bitcoin market is all about risks and profit factors. It is essential to do a thorough market analysis and check the growth and fall rates before using your own judgment to buy or sell bitcoins.