If you have been here for a while.. you should know who kwukduck is. If you don't: He's a guy that has been here for years, constantly predicting the end of bitcoin. Constantly on a bear market. Constantly predicting a crash at every price dip or every price surge. An example of his "predictions":
Well, there's an ever older bear that has been here since $1 was hit. Yes, $1! He has been predicting the end of bitcoin since then.
And the best is: He is back!
Once bitcoin drops below $2,000 again, it probably won't ever get back up above it ever again.
Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.
Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!
This is insane. Bitcoin has been failing, it reached $3000 since then, but it has been failing in the mind of this nutjob.
I guess this is exactly how dementia from selling too early looks like. Very sad to see.
