Would you believe it if I told you I am less bearish?

[RyNinDaCleM]

Don't! As an accumulator, I am always bearish on price. Even as I ride on the back of a dirty bull.

Here is some food for thought;
Let us assume for a second that luc knows what he's talking about with this "Historical wave-III". I will also use the count where $1200 was the wave-I top of this cycle.
Simple math and some chart measurements sheds some light on what I am getting at here. Basically, wave 3's are generally much longer (in time... Price too, but that's not my point here) than wave 1's. Below, a chart showing some measurements and some notes.



Markets repeat, for the most part, fractals on different scales. The chart below shows the smaller degree waves in the chart above just to show that it holds fairly consistently.
 


So all I am saying is that prices higher than many here can imagine, can be achievable over the next 2-3 years. People scoff at speculations of 5 digit and especially 6 digit prices, but a log scale chart shows how it is reasonable and clearly possible as adoption moves Bitcoin from niche to mainstream. Wave-III is the place where that happens, and wave-III may have just really got started.

Here are some other arguments that tend to agree with luc's channel.

A monthly chart shows where we'd be if we had a monthly candle similar to the November 2013 candle. 480% rise in a month. Well, a 480% rise here puts us at $20k. In just a single month. Definitely doable.



1900 days at the current trajectory puts us around 100k. That assumes no fomo takes us into acceleration channels at near-vertical angles... for 1200 more days.



One last item to note. In the third chart, the monthly one, notice that the volume hasn't even begun to pick up yet compared to the end of 2013. There is a long way to go, and this ain't fomo yet.

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[TaurusBit]

A lot to digest.

[fabiorem]

Completely possible.

100k by the middle of 2019.

[gentlemand]

$20,000 in a month? Cor blimey. Even if the will was there, are the exchanges good and robust enough for that type of action? By the sounds of it even Coinbase's banking is a little bit of a kludge. I can imagine many a bank having kittens at a vast increase in money moving in and out of them.

I think my prediction for this year in 2015 was $263.40 as it's always fun to be conservative so my spider senses have proven to be utterly useless. I'll let nature take its course.

[RyNinDaCleM]

$20,000 in a month? Cor blimey. Even if the will was there, are the exchanges good and robust enough for that type of action? By the sounds of it even Coinbase's banking is a little bit of a kludge. I can imagine many a bank having kittens at a vast increase in money moving in and out of them.

I think my prediction for this year in 2015 was $263.40 as it's always fun to be conservative so my spider senses have proven to be utterly useless. I'll let nature take its course.

Purely hypothetical, of course. Just showing how a similar rise makes it seem so much more plausible, and puts it into perspective with past bubbles. Now, the fomo will come, but when is the hard part to judge. This is wave-III after all, this is the moment of recognition or that "aha!" moment.

[kwukduck]

You guys are friggin nuts.
Why not forget about all the fundamentals and political games going on and just draw on charts eh?
The November fork will be the biggest disruption and crash in crypto we've seen since MtGox. Both politically and price wise.

[megadeth]

Ryan is a bull?
I rage quit the internet man.  

Stoop moving the market!

[RyNinDaCleM]

Ryan is a bull?
I rage quit the internet man.  

lol, reread the first line

Don't! As an accumulator, I am always bearish on price. Even as I ride on the back of a dirty bull.

I am by no means a bull, at least not by what this forum considers a bull. No need to quit, man! Shit just got interesting

[chesthing]

You guys are friggin nuts.
Why not forget about all the fundamentals and political games going on and just draw on charts eh?
The November fork will be the biggest disruption and crash in crypto we've seen since MtGox. Both politically and price wise.

You have surely become a full fledged retard here, do you have no shame? at least change your account and name if you are going to continue fudding, you have lost 100% credibility.

[fabiorem]

The November fork will be the biggest disruption and crash in crypto we've seen since MtGox. Both politically and price wise.

You said the same about August, and here we are.

[FiendCoin]

The November fork will be the biggest disruption and crash in crypto we've seen since MtGox. Both politically and price wise.

You said the same about August, and here we are.

The question is, what's more important to Jihan, money or kicking the core developers out?

So far, I'd say kicking the core devs out.

Someone is eating the cost of mining on crapcash and accumulating those shit coins.

I expect a bloodbath in nov, however, I thought aug 1st would be bad too and I was wrong.

[btc4lifer]

We're only in wave 1 of historical III and we're going to hit $20k.
https://www.tradingview.com/x/bEqmwBkZ/

[btc4lifer]

BTW, coinbase signed up 400k people so far this month...

https://image.prntscr.com/image/N5GA7Y1oSw6sr-aCB0K58w.png

[gentlemand]

The question is, what's more important to Jihan, money or kicking the core developers out?

So far, I'd say kicking the core devs out.

There's far, far more money to be made once he's 'fired' Core. Him and his wee friends will be in full control of whatever form of Bitcoin it is by then. It's short term pain for long term gain.

[FiendCoin]

The question is, what's more important to Jihan, money or kicking the core developers out?

So far, I'd say kicking the core devs out.

There's far, far more money to be made once he's 'fired' Core. Him and his wee friends will be in full control of whatever form of Bitcoin it is by then. It's short term pain for long term gain.

Only if users buy into it.

[panju1]

$20,000 in a month? Cor blimey. Even if the will was there, are the exchanges good and robust enough for that type of action? By the sounds of it even Coinbase's banking is a little bit of a kludge. I can imagine many a bank having kittens at a vast increase in money moving in and out of them.

I think my prediction for this year in 2015 was $263.40 as it's always fun to be conservative so my spider senses have proven to be utterly useless. I'll let nature take its course.

Purely hypothetical, of course. Just showing how a similar rise makes it seem so much more plausible, and puts it into perspective with past bubbles. Now, the fomo will come, but when is the hard part to judge. This is wave-III after all, this is the moment of recognition or that "aha!" moment.

If it does happen we shouldn't be surprised. People who bought bitcoins for a few dollars in 2012 made money only because they believed in bitcoins and held on to it during its strong rise. They resisted the temptation to sell when their investment doubled.

[cengsuwuei]

iam believe if bitcoin trend not long time can down trend and down price
is not good is comoditie in trading always incraese price

[megadeth]

Epic thread is epic.

[shursight]

Wow that is nice to hear that, and i am really amazed about your strategy and for sure that you have a good technical analysis.
I do it to, but i dont use to trade btc/usd because that is risky for me, and i dont like to be too much worry about that, i prefer only trading btc/alts and i think that is more safe than doing that, and betting for bearish, i would die if i do that...

[RyNinDaCleM]

Wow that is nice to hear that, and i am really amazed about your strategy and for sure that you have a good technical analysis.
I do it to, but i dont use to trade btc/usd because that is risky for me, and i dont like to be too much worry about that, i prefer only trading btc/alts and i think that is more safe than doing that, and betting for bearish, i would die if i do that...

Now is not the time to bet on bear. The bear will come (and a small taste will come in the next month or two), but the big bear (years long) won't be for a while. Definitely BTC/alts are safer right now. Many alts, while initially taking a hit during BTC rises, they tend to all rise during BTC bull markets, and especially now, tend to outperform Bitcoin. Good way to increase your stash when you hit it right.