I love it, its a win-win, if Bitcoin goes down I can accumulate a little more, if it goes up, my net worth goes up. Ill take this any day over going sideways!

Id rather breakdown and go bearish than go sideways for another week or two. Bored out of my mind.

Wow Litecoin down to $62

That bullish hammer on the daily looks beautiful.

Hopefully it closes like that in a few hours, and we begin our ascent after.

Could this be it? 

The same people proclaiming it is a descending triangle are the same ones who were telling people not to buy at $3000 because we are going down to $1200. It's clearly a pennant, and tonight is just more proof that it is, the wic didn't even touch the bottom of the pennant, let alone the "descending triangle" that we are apparently in.

We will never go below $9000 ever again, ever. No golden retrace coming, when bitcoin did a golden retrace in past bull market, it didn't take 80+ days to do it, it happened with a week or so.

In the last bull market the longest duration between a swing high and swing low was 46 days.....we hit our swing high almost 90 days ago, so unless Bitcoin does something different, our swing low was in mid July when we hit $9100. A move lower than $9100 at this point would be breaking the trend of the last bull market. I would say at this point it is 95% chance we never go lower than $9100, and it is very likely we will break bullish soon, and start our ascent to breaking $13,900, perhaps in October or November, and potentially running up to $20k shortly after.

If libra is factored into Bitcoins dominance, does bitcoins dominance even matter? Same with government coins, bank coins, etc....

I think at that point bitcoins dominance should not be against other digital payment methods, but rather all value of any payment including fiat. If the end game goal is to become the peer to peer payment system then Bitcoins dominance should be charted against all payment(fiat, libra, government coins, bank coins etc etc,), not just cryptocurrency.

Agreed, I guess that will be up for debate when the time comes. Same with the government currency like Chinas?

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated. Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

P.S. this guy is going to become an absolute god if we hit $16,000 next month.....

-He called the bottom (A lot of people thought we were going much lower when he posted it)
-He called the exact length of the accumulation phase (Said it would end in March and start in April)
-He called the April boom we saw in the first week
-He called the correct price in April
-He called the correct price in July (Bitcoin almost made it out of July without touching $9200, turns out $9100 was the bottom; we haven't gone lower since)

So October will be interesting, this is a legendary posts regardless, the amount of things he has gotten correct already is remarkable.

Tim draper also predicted in 2014, that Bitcoin would hit $10,000 in 2017, as we know now, he was correct.

Hopefully he is correct again.

But my point is that it it only took a week for Bitcoin to go from $504 to $300. The longest period from the high to the low was 46 days, it never took more than 46 days for Bitcoin to reach its swing low.....if Bitcoin were to go lower than $9000 at this point it would be over 87 days. I believe we hit bottom on July 17, which is a few weeks after we hit $13,800.

The Bears are in for a surprise, we won't be going below $9000. We never went this long without finding a swing low in the last bull market, the low was July 17, almost 2 months ago.

It wouldn't be bright, a lot of his base are crypto users. Remember Trump campaign was born on the internet, it was people on the internet (4chan, Reddit, Twitter) that pushed or "memed" him to victory. Also Steph Bannon, the guy who he gets many of his ideas from is Pro-Crypto advocate.

I think the trend holds and we don't see all time highs until after the halvening, but I do see Bitcoin reaching 20k prior to the halvening and getting rejected, then start running up toward the halvening and pass 20k after the halvening. Also if you look at 2015/2016

Bitcoin hit $500, then it took 207 days before it passed $500 and ran up to $780

Bitcoin hit $780, then it took 178 days before it passed $780 and ran up to $1200 (All time high, which was rejected).......I believe we are here, and once Bitcoin breaks $13,900 it will run up to $20k and then take 6 months before it gets back, which would be after the halvening, if we ran up to $20k in December.

We are forming the same pattern that we saw after the first big move in 2015/2016, which broke bullish of course. We are going to end the year with a bang, perhaps test 20k.

It doesn't break any rule, $250,000 isn't an impossible number.

I believe 2021 as well.

I added the option of never.

This post from 2013 inspired me to make this poll.

https://bitcointalk.org/index.php?topic=328685.0

Peter Schiff doesn't even understand Bitcoin, and I mean that quite literally. Recently he had to figure out how to post his wallet address on twitter, and he couldn't even figure out how to do that, and didn't know what a wallet address even was.....but this is the same guy who proclaims Bitcoin is just thin air, yet he doesn't understand even how it functions.