No, it's purely a projection based on extrapolating the previous bubble/bust cycles. He's saying this is the repetition of the decline in April - June 2013 (down to under $70) that came before the run-up to $1200 later that year.

So indeed the halvening might add to that as later on in 2020. But I guess by his same logic you could extrapolate another crash instead  

4. You gave the same answer that has already been given many times.

That's one of the conundrums of markets, both of these statements are true:

1) Past performance is no guarantee of future results - just because it happened before doesn't mean it will again.

2) People repeat the same actions over and over again - markets are driven by human psychology, fear and greed, that leads to many repeating patterns of price movement.

And yes, I agree there is a certain amount of self-fulfilling prophecy about it.

Sure, but each to their own. I don't generally buy lottery tickets either, as in here or land-based ones like Euromillions, but I know people that do and they get some enjoyment out dreaming what they would do with all that money if they win.

I just think those two comments I replied to that were telling people 'don't buy lotto tickets' were a bit inane. It's just long odds gambling like playing dice with a high multiplier, you know you'll probably lose but if you get lucky you'll win big.

If you look at all the major bubbles that burst, like 1929 or the Internet bubble, they took decades to recover back to the same price. Bitcoin has done it 5 times in 10 years.

haha

I take all projections with a pinch of salt. I certainly don't see any reliable way of forecasting exactly when something will happen. I was just a bit surprised to see such a positive piece in Forbes.

As for the bottom, it's when absolutely everyone is screaming about it all being over and saying it's going to $100.... so maybe now-ish.

The serious point about that prediction is the number of times Bitcoin has recovered already. We've had 5 major bubble and burst events and each time it has come back stronger. That's pretty unique.

Quoted and both messages verified with Electrum.

It's unusual to find a positive outlook for Bitcoin in the mainstream financial media these days but Forbes has published some research by Tom Lee, Fundstrat Global Advisors (link to article). The projection of $91,000 by March 2020 is based on what happened after each of the previous 'bubbles burst'.

They also recommend focusing on the main currencies as they see a shakeout of the 1,500 plus cryptos around at the moment.

Click here if image doesn't load below.

It's a lottery. Someone gambled 0.086BTC to win 1.417BTC. Can you explain what is wrong with gambling?

For someone sponsored by a gambling site, you have a remarkable outlook. Don't gamble because there is no guarantee you will win, huh  

That's not something I've ever used but I'd guess it would be in Notifications and Email section of your Profile page if it exists.

I think it was the act of switching it that helped rather than which captcha it is. By changing it he caught them submitting responses to the wrong type of captcha. I suppose after he did that they just wrote a script to detect which one it is using. That's the problem, it's a game of cat and mouse.

Not really. It was purely a decision by the site administrator. This isn't a democracy or some hippy commune, it's private property that we are fortunate to be able to use. They make the rules, not us.


I agree with that, it certainly is noticeable that it is starting to have the desired effect, but there is still a way to go.


Well done. There's a lot of similar examples, which is good to see.

Yes, I would. They might need to know their user id so they can whitelist them. Also sending a message shows it's not likely to be a bot.

His trust wall is quite interesting and that's not a Segwit address but apart from that....

Perfectly valid.

Also, I'm offering 1 Merit to anyone who can tell me what a "none sense massage" is, are they any good and if so where can I get one?

It can be either depending on how the detection system rates it. From the posts in these threads it looks like a large number of accounts have been halved at the moment. Occasionally you'll see someone posted in the past they've been blocked totally from free rolls. No system of detection is perfect and sometimes accounts get flagged when they shouldn't. Some people have also reported that it has gone back to normal so I guess they're on the case in getting it fixed.

Anyway, I don't think there's any plan to halve it certain countries as that would only make sense if they relied on advertising revenue that does vary that way.

I don't think it is that. This has happened before and it was the abuse detection system. First, it halves the reward if a certain amount of flags are triggered and then if more are it can disable free rolls. Accounts are never blocked from withdrawals or any other part of the site. I think they must have just over-tweaked it and flagged a load of innocent accounts. There's more discussion on that over in the other thread https://bitcointalk.org/index.php?topic=320959

You are correct that it is the court's decision whether to sell them or not and when so that will probably take a long time. Another thing to bear in mind in this sort of situation is that as it is already known that these coins will be sold eventually so that is priced into the market already. If someone suddenly turned up with 100,000 coins to sell that would be new information that would move the market but these coins have been known about for years.

What you mean like your post. The OPs question has already been answered to their satisfaction which you would have seen if you had read the replies, so there is no need to answer the same thing again.