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Author Topic: Revisiting a Facebook Post of Mine from December 6th, 2013  (Read 139 times)
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December 09, 2017, 06:21:42 PM
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I know a lot of people around these parts also predicted the future quite accurately, and I am no one special, but I thought I'd share this Facebook post that I wrote on December 6th, 2013:

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The following post was written by me on Facebook on December 6, 2013...

It is crazy how I had everything practically all figured out 4 years ago. Unfortunately, I should have believed in myself more, and put more of my money where my mouth was. I would be a billionaire right now. I am unfortunately nowhere close to such... due to my own stupidity and a few occurrences of bad fortune. I guess I had a hard time believing in myself when no one (or not many at least) believed in Bitcoin back then. I am done with that line of thinking though. The wolves take the candy from the sheep. Not the other way around...

The only thing wrong with this post was that the market took about 2 or 3 years to rebound- not a few days. That ended up being wayyyy too optimistic. When the current "hype wave" corrects itself from $18k, I am expecting it to take less time to rebound though due to Bitcoin gaining in popularity and legitimacy. There are a lot more people chomping at the bit to get in, and a correction will accelerate that. It still won't take just a few days to rebound (unless this is a bear trap), but I can't see it taking 2 or 3 years like it did last time. Maybe a year or two at most- possibly much quicker.

Some of my understanding as to the potentials of the technology has changed a lot since this post too. I am extremely more bullish because now I realize that the technology will disrupt many more industries than it simply being a worldwide payment system.

^^^ hindsight ^^^

The actual FB post from Dec. 2013 here: https://www.decentralized.tech/blogs/retrospect-revisiting-a-facebook-post-of-mine-from-december-6th-2013
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December 09, 2017, 06:28:10 PM
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So you are saying that we will be in a long term downtrend till say 2019 or even 2020? Cause thats what I am seeing.

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December 09, 2017, 06:46:31 PM
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So you are saying that we will be in a long term downtrend till say 2019 or even 2020? Cause thats what I am seeing.

That is a likely possibility because as the massive correction occurs, the FUD will increase. The "Bitcoin is a bubble" crowd will be "correct", or at least it will look like they were correct to most people that are not enlightened (which is practically almost everyone... this forum being the 1% exception).

With each hype wave, Bitcoin grows its brand and userbase exponentially. Therefore, it is hard to call the top. We could go to $100k in 2018 without a correction. I feel quite certain a large correction will happen in less than a year from now. Much much quicker if the price keeps quickly going parabolic.

Last time it took 3 years for the market to rebound. Next go around it will take less, because there are more people chomping at the bit to get in, but are scared to do so at the current value. I expect at most a year or two bear market. Possibly less...
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