at least ETH DOUBLE TOP For people unfamiliar with chart patterns. Double Top occurs when the trend is upwards and it's signals that a reversal will occur, which is downtrend, so the next move is DOWN !! |
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Ether can potentially revolutionize the crypto landscape, BUT it is currently in an "experimental stage", and you should not invest more then you can afford to lose. Really ?! |
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Remember me, the ETH hype will not end WELL.
Mark My Words, Ether will become self aware and through the use of smart contracts and a little fuel ( ETH ) will incentivise your blender to chop your hand off. I'm here for the long haul and you know this my friend. Remind me at 2025 - 2030 and lets see where I will be with my net worth and where you will be  Hope you enjoy the journey my friend  |
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Eth was bound to happen sooner or later, or another coin as such. Been hundreds of alts trying to be the next BTC. All I know is mining this coin (eth) or its clone, is a dream compared to BTC. I still believe bitcoin will rule in all ways for quite some time. But as halving approaches price will have to go up or btc miners will be dropping out like fly's... which could get pretty interesting. Bitcoin is here to stay and will ALWAYS rule them. Why ? Read this, https://bitcoinmagazine.com/articles/features-from-the-most-popular-altcoins-are-planned-for-bitcoin-1463675591Good read man, exactly. Both coins are probably pretty good investments right now btc and eth..... but btc has room to grow in many useful ways, just got to get the core devs and the miners on the same page (and investors) lol Buddy, in no way ETH is comparable to BTC. What makes ETH special is the smart contracts thing only, and Rootstock nailed it as we will have is simple terms, the best of ETH on the Bitcoin blockchain. ETH is not made for the average Joe, it difficult even to buy and maintain, unlike Bitcoin. Don't get fooled with this hype, not everything shiny is gold Remember me, the ETH hype will not end WELL. |
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Eth was bound to happen sooner or later, or another coin as such. Been hundreds of alts trying to be the next BTC. All I know is mining this coin (eth) or its clone, is a dream compared to BTC. I still believe bitcoin will rule in all ways for quite some time. But as halving approaches price will have to go up or btc miners will be dropping out like fly's... which could get pretty interesting. Bitcoin is here to stay and will ALWAYS rule them. Why ? Read this, https://bitcoinmagazine.com/articles/features-from-the-most-popular-altcoins-are-planned-for-bitcoin-1463675591 |
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I get my paycheck+vacation money this week, at the same time Bitcoin price is going down, perfect! Thank you for the free money!  Glad for you bro These fools don't know that we are unshakable because simply, we are BELIEVERS !! All these dirty attacks makes us to believe more and more that we are on the right track !! |
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trying to ignore ETH is like  C'mon bro, you know so well no altcoin is comparable to Bitcoin. They are even called ALTERNATIVE coin, lol. Oh wait, what if you are NLC  Don't say so please, I like you man and your madness !!! |
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Best thing in this forum is the "ignore" button, it's a bless from Allah (God).
Peaceful browsing without the shills distortion.
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guys... lol ....ETH or fiat? choose or loose lol
ETH = SkyNet fuel i'll go with that. I thought you were a loyal Bitcoiner my old buddy |
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8
Not again please You will be warned, twice more for your meager effrontery. Really ?!  |
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8
Not again please |
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Buy between 2850-2920, sell if we close 15m+ below 2850.
Are you neutral, bearish or bullish for BTC right now ? How do you see short-med term ? |
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I'm getting confused my friend, could you please ELI5 for your forecast and how do you see the current mess ?
Thanks in advance.
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You know what makes you more right my friend (I know and sure that you are right), the amount of new shills and high level accounts bears who takes about ETH and the BS DAO, as you said, it won't end well It reminds me of the BS hype of blockchain, like the one who got yesteryear with R3 shit and so, everything that is OVER hyped, ends in a tragic way. See us, Bitcoin and REAL Bitcoiners, we are moving in the speed of Bitcoin, silently and gently and we will reach our ultimate destination while every motherf@#$%^! is sleeping and daydreaming !! |
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slowly but surely..  Everything when it takes it's own time, becomes wounderful |
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By the way bother, you shocked me when I saw you believeing in $25K - $250K within 5-10 years as I don't know if you re-call or not when we were talking on PM, you had nearlly 0.x% chance that we will reach those values within the given timeframe. Don't get me wrong, you are a buddy and brother of mine, I just see and understand you are a bull and not a permabull like the minority rest of us. I would like to know what caused to elevate your bullishness to that level, I'm extremely happy btw to see you crazy like us  I understand what you are saying when you assert that it appears that I may have become more bullish in the past several months; however, really, in spite of the apparent inconsistencies, I don't believe that I have become more bullish than previously without some kind of actual reason based on actual market performance (at least, not in any significant or apparently contradictory way). More or less, I think about it like this. There is almost no way that the performance of bitcoin is completely mathematical (sure there is quite a bit of math involved in terms of network effects and reliability of the infrastructure etc) because it largely involves the behaviors (actions and reactions) of human beings. So even though some things in bitcoin can be determined by math, we cannot really know how the behavior of human beings is going to play out and affect bitcoin in both positive and negative ways. Look, we PM'd each other in September 2015, a week or two before bitcoin prices took off into a 2x bull run, in which none of us could have really anticipated, and also after nearly 2 years of downward price manipulation. Those factors, and the place that we are at the moment, affect viewpoint - short term and long term and the various measures that may need to be taken in order to protect one's position (and investment). There have been a lot of decent developments since September 2015, and also some real significant tests of the downside of bitcoin's price under those recent scenarios. Actually, when I PM'd you in September 2015, I gave you very specific probability ranges for various prices in the 5 year projection and the 10 year projection, and in my most recent post, I asserted "decent and reasonable possibilities of $25k to $250k". Anyhow, I believe the outline of my September 2015 predictions and viewpoints can serve as a very decent thought experiment, and yeah, surely I would not mind filling those in again with actual guestimates of my feelings and viewpoint as of today. If you want a follow-up post, then I will do it.. I think that it is a very good topic for this thread and for others to chime in if they want. Thank at first my friend for getting my point the correct way and understood that I care for our friendship Second, I would like to see a follow-up post please comparing your Sept. 2015 predictions and possibilities with the $25K-$250K and the reasons you believe in for the $25K-$250K ones as well. I know this will take time and effort from you, thanks in advance and really so much appreciated, but as I always said, I always learn from you guys, especially from my dear friends, like you Thank you for this discussion point. I believe it is a good thought exercise to consider our own views of the future and price possibilities (in our own thinking), and surely such an exercise can be specific and at the same time demonstrate how our subjective feelings can materialize into somewhat evolving views of probabilities. Here’s the substance of what I predicted to you via PM in late September 2015.
Probably, the below is a decent snapshot of my opinion... [regarding] 10 years and $100K
5 years:
less than $200 < 5 % chance
$200 to $300 about 5-10% chance
$300 to $500 30-40% chance
$500 to $1000 30-40% chance
$1000 to $5000 12-18% chance
$5000+ about 5% chance
10 years:
less than $200 < 2 % chance
$200 to $300 about 2-5% chance
$300 to $500 10-20% chance
$500 to $1000 20-25% chance
$1000 to $5000 15-20% chance
$5000 to $20,000 < 5% chance
$20,000 to $50,000 < 3% chance
$50,000 to $100,000 < 2% chance
Here’s my current speculation, and I feel that my numbers have not changed too much. Of course, I am no expert, and I am kind of guessing off the seat of my pants and based on the totality of my current information and impression of circumstances regarding how the space has been developing: 5 years: less than $200 < 2 % chance $200 to $300 about 2-5% chance $300 to $500 5-25% chance $500 to $1000 25-40% chance $1000 to $5000 8-30% chance $5000+ about 8% chance 10 years: less than $200 < 1.5 % chance $200 to $300 about 1.5-3.5% chance $300 to $500 3.5-15% chance $500 to $1000 15-22% chance $1000 to $5000 20-40% chance $5000 to $20,000 5-15% chance $20,000 to $50,000 3-10% chance $50,000 to $100,000 < 3% chance I would be interested to see how others plug in these kinds of predictions. You are most welcome my friend. Lets assume that this year we will reach $1,000 and next one $3,000 Could you please show me your new speculation buddy. I will tell you why I stated $1K and $3K after you write the new speculation. For a few reasons, I have a bit of a difficult time with your framing of the hypothetical scenario that you want me to assume $1,000 and $3,000, and actually your reframing of the question, points out a bit of a weakness in my categorizing contained within my above earlier answer. Let me see if I can get you to agree to some other numbers or frameworks. First, $1,000 is a strange ass price point or focal point.. yeah, it's contained in my earlier projection of possible ranges, but it should be referenced a bit differently - both based on bitcoin's history and based on more likely price surge and FOMO scenarios. I'm not the only poster in these forums to suggest that we're not going to $1,000.. either we are going to $800, or some place a bit below $800 or we are going quite passed $1000, something like $3,000 to $5,000.. Yeah, we may return to $1,000 after visiting the $3k to $5k range but that's a different part of the potential story. O.k... I think that if you are going to frame hypotheticals for this year and for next year... the first hypothetical range would be that we pass in the $800 to $2000 range within this year... and really I have a hard time with almost any number in that range, but I would be willing to agree that once we past $800 that $2,000 could possibly be within the low end of the range that we would meet.... but in fact, I have the sense that the whole range of $800 to $5,000 is almost the same thing.... we get passed $800 then we likely bounce into the $3k to $5k range... So, my request, is that you should reframe your hypothetical to change the numbers a bit because otherwise, I think that any prediction that I would be making would be based on BTC price point assumptions that do not make too much sense to me under either bitcoin's history or likely scenarios that would occur after passing various resistance points. Alternatively, if you could explain some of the various assumptions underlying your framework and your BTC price point numbers, I may be willing to adapt my "battle of the framework" to come over a bit more to your thinking. You know what my dear friend, sorry for getting off-topic a bit, but when I read your replies, you remind me of one of my best friends ever IRL, I miss him so much, may Allah (God) bless both of you Back to topic, there is a guy named something Vinny I guess, wrote a blog post named, Bitcoin 2016 The Awekaning, and it was featured on Zero Hedge. The guy who copied it to ZH stated that he is type of a guy who knows his shit so well, where if he talks, we shall listen as he predicited a lot of price scanerios in the past and he was correct. He stated that we MAY visit $1K this year and $3K in the coming year. I somehow gave him some credibality for what he said, so I asked you to re-adjust your predications depending on this new specualtion. Did I convince you ? |
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Updated first post. I wonder if people do not believe a new ATH is imminent soon...
Speaking of commodities, look how the price of gold behaves similar to bitcoin, except that the last bull market lasted a decade!  Hello Anastasios, First, thank you so far for this great thread and the ELI5 easiness Second, would you please share with us your view regarding Bitcoin price in the coming 10 - 15 years ? Third, could you elaborate about the similarities of Gold and Bitcoin in price behaving, I'm afraid that we will take the same path which means we will take 20 years to start going off !! I am happy that my thread has come to use for you. I did not intend to make it ELI5 type but I am specific when explaining and don't like ambiguity so I tried making everything clear. Price in 10 years? I look at the long term growth chart on a logarithmic scale.  You'll see that I base my estimate (the green line) on the lower ends of the price, historically. And you can also see that the green line looks like a logarithmic function. This also coincides with my belief that it takes longer for the price (and bitcoin itself) to double in size the more times it has doubled. Obviously in late 2010 you could move the price with little money. Now you need several millions in USD to move it a couple percent. Yet still sometimes I doubt the really high figures. The $10k estimate in the chart above is optimistic. It may be hit much later. Either way I believe eventually bitcoin will be used much, much more than now, which means the demand for coins will be high. It is simply a technological breakthrough. But estimates of $1 million per coin I believe are too high. Eventually new breakthroughs will come along. Am I permabull? Actually, I think bitcoin has been excellent to hold. But I believe it is going to act like a commodity like gold over time. The long term trend is always up since fiat money is always printed. But buying at the wrong time can put you in a losing position for a long time. So I think one will have to be conversant with technical analysis, the current sentiment, and have a good sense of timing it - knowing when to buy and when to sell. And during the bullish times great profits are to be had! Regarding the behavior similarities with gold in regards to price, look at the chart of gold. In the 80s a bubble occurred which lasted a couple years and then it corrected and stagnated for two decades it seems. Then it finally got in a bull market, which lasted 10 years, and then corrected itself. The similarities are that the price shoots up and goes parabolic, then corrects and stagnates for a longer period. Just look at the appearance of the chart. Thank you for the elaboration again my friend I agree that $1M per Bitcoin needs much time to achieve, maybe 2 decades or more. But don't you think that $10K is low somehow ? Could you please extened that chart till 2030 as well if you don't mind. Regarding Gold and Bitcoin, you are triyng to find a price cycle patterns between both, am I right ? |
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By the way bother, you shocked me when I saw you believeing in $25K - $250K within 5-10 years as I don't know if you re-call or not when we were talking on PM, you had nearlly 0.x% chance that we will reach those values within the given timeframe. Don't get me wrong, you are a buddy and brother of mine, I just see and understand you are a bull and not a permabull like the minority rest of us. I would like to know what caused to elevate your bullishness to that level, I'm extremely happy btw to see you crazy like us I understand what you are saying when you assert that it appears that I may have become more bullish in the past several months; however, really, in spite of the apparent inconsistencies, I don't believe that I have become more bullish than previously without some kind of actual reason based on actual market performance (at least, not in any significant or apparently contradictory way). More or less, I think about it like this. There is almost no way that the performance of bitcoin is completely mathematical (sure there is quite a bit of math involved in terms of network effects and reliability of the infrastructure etc) because it largely involves the behaviors (actions and reactions) of human beings. So even though some things in bitcoin can be determined by math, we cannot really know how the behavior of human beings is going to play out and affect bitcoin in both positive and negative ways. Look, we PM'd each other in September 2015, a week or two before bitcoin prices took off into a 2x bull run, in which none of us could have really anticipated, and also after nearly 2 years of downward price manipulation. Those factors, and the place that we are at the moment, affect viewpoint - short term and long term and the various measures that may need to be taken in order to protect one's position (and investment). There have been a lot of decent developments since September 2015, and also some real significant tests of the downside of bitcoin's price under those recent scenarios. Actually, when I PM'd you in September 2015, I gave you very specific probability ranges for various prices in the 5 year projection and the 10 year projection, and in my most recent post, I asserted "decent and reasonable possibilities of $25k to $250k". Anyhow, I believe the outline of my September 2015 predictions and viewpoints can serve as a very decent thought experiment, and yeah, surely I would not mind filling those in again with actual guestimates of my feelings and viewpoint as of today. If you want a follow-up post, then I will do it.. I think that it is a very good topic for this thread and for others to chime in if they want. Thank at first my friend for getting my point the correct way and understood that I care for our friendship Second, I would like to see a follow-up post please comparing your Sept. 2015 predictions and possibilities with the $25K-$250K and the reasons you believe in for the $25K-$250K ones as well. I know this will take time and effort from you, thanks in advance and really so much appreciated, but as I always said, I always learn from you guys, especially from my dear friends, like you Thank you for this discussion point. I believe it is a good thought exercise to consider our own views of the future and price possibilities (in our own thinking), and surely such an exercise can be specific and at the same time demonstrate how our subjective feelings can materialize into somewhat evolving views of probabilities. Here’s the substance of what I predicted to you via PM in late September 2015.
Probably, the below is a decent snapshot of my opinion... [regarding] 10 years and $100K
5 years:
less than $200 < 5 % chance
$200 to $300 about 5-10% chance
$300 to $500 30-40% chance
$500 to $1000 30-40% chance
$1000 to $5000 12-18% chance
$5000+ about 5% chance
10 years:
less than $200 < 2 % chance
$200 to $300 about 2-5% chance
$300 to $500 10-20% chance
$500 to $1000 20-25% chance
$1000 to $5000 15-20% chance
$5000 to $20,000 < 5% chance
$20,000 to $50,000 < 3% chance
$50,000 to $100,000 < 2% chance
Here’s my current speculation, and I feel that my numbers have not changed too much. Of course, I am no expert, and I am kind of guessing off the seat of my pants and based on the totality of my current information and impression of circumstances regarding how the space has been developing: 5 years: less than $200 < 2 % chance $200 to $300 about 2-5% chance $300 to $500 5-25% chance $500 to $1000 25-40% chance $1000 to $5000 8-30% chance $5000+ about 8% chance 10 years: less than $200 < 1.5 % chance $200 to $300 about 1.5-3.5% chance $300 to $500 3.5-15% chance $500 to $1000 15-22% chance $1000 to $5000 20-40% chance $5000 to $20,000 5-15% chance $20,000 to $50,000 3-10% chance $50,000 to $100,000 < 3% chance I would be interested to see how others plug in these kinds of predictions. You are most welcome my friend. Lets assume that this year we will reach $1,000 and next one $3,000 Could you please show me your new speculation buddy. I will tell you why I stated $1K and $3K after you write the new speculation. |
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Corruption is always Bullish for us |
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any min now we'll be back above 460  And the reasons is/are ? 1 reason supply cannot satisfy demand at this price level. make no mistake we are headed for 520-700 territory I only trust you in one condition, when you've consumed 1+ wine glass  |
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