Calling a five months target at $211 - next prediction on page 7 :)

[futureofbitcoin]

I think we can nominate this as one of the all time most accurate bitcoin predictions.

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[waterpile]

I think we can nominate this as one of the all time most accurate bitcoin predictions.

Yep and he said its up

[BitmoreCoin]

I think we can nominate this as one of the all time most accurate bitcoin predictions.

Yep and he said its up

It is accurate. So the price is at the critical point. Up we come.

[Fabrizio89]

I am not sure BTC could survive another year of downtrend and rising transaction volume, I am thinking "Tragedy of the Commons" there. Running a full node, service or pool would become more and more expensive, for ever diminishing returns.

Yeah, I think so too, not only that, but miners will be squeezed for real under 100$. Already the majority of small miners is out of the game and only the most efficient are still here. Once we reach a critical point between the cost-basis and the value of btc we will face some huge problems with how the network runs, the blockchain could basically stop for months since the difficulty only adjusts every 2 weeks. We are already seeing the effect of this prolonged trend in how slow confirmations are lately.

[8up]

I am not sure BTC could survive another year of downtrend and rising transaction volume, I am thinking "Tragedy of the Commons" there. Running a full node, service or pool would become more and more expensive, for ever diminishing returns.

Yeah, I think so too, not only that, but miners will be squeezed for real under 100$. Already the majority of small miners is out of the game and only the most efficient are still here. Once we reach a critical point between the cost-basis and the value of btc we will face some huge problems with how the network runs, the blockchain could basically stop for months since the difficulty only adjusts every 2 weeks. We are already seeing the effect of this prolonged trend in how slow confirmations are lately.

Seems like a good plan to test this now. Damage will be much worse in 5 years, when broader adoption already occurred.

[3x2]

Man you were spot on, one of the best prediction in bitcoin price histroy 

[ssmc2]

Man you were spot on, one of the best prediction in bitcoin price histroy 

Haha yes, now "for the fun of it" tell us what the price will be in another 5 months please! 

[galdur]

Well, it hit 210 for about five seconds but still not bad for a prediction. Looks like that was the bottom for a while, maybe this month. But bitcoin´s main problem remains limp volume and little buying.

[chesthing]

Well, it hit 210 for about five seconds but still not bad for a prediction. Looks like that was the bottom for a while, maybe this month. But bitcoin´s main problem remains limp volume and little buying.

You have to be f'g kidding me "not bad" - very few would have been within $100 from 5 months out, let alone a few bucks. Incredible is all I can say.
I'd be very interested to see the op make another 5 month call from here.

[galdur]

Well, it hit 210 for about five seconds but still not bad for a prediction. Looks like that was the bottom for a while, maybe this month. But bitcoin´s main problem remains limp volume and little buying.

You have to be f'g kidding me "not bad" - very few would have been within $100 from 5 months out, let alone a few bucks. Incredible is all I can say.
I'd very interested to see the op make another 5 month call from here.

It has been cratering for more than a year and I doubt that it will have stopped cratering five months from now. But probably it will be more stabilized.

[waterpile]

I think we can nominate this as one of the all time most accurate bitcoin predictions.

Yep and he said its up

It is accurate. So the price is at the critical point. Up we come.

So its time to buy more bitcoin and hodl

[chesthing]

Well, it hit 210 for about five seconds but still not bad for a prediction. Looks like that was the bottom for a while, maybe this month. But bitcoin´s main problem remains limp volume and little buying.

You have to be f'g kidding me "not bad" - very few would have been within $100 from 5 months out, let alone a few bucks. Incredible is all I can say.
I'd very interested to see the op make another 5 month call from here.

It has been cratering for more than a year and I doubt that it will have stopped cratering five months from now. But probably it will be more stabilized.

I'm asking for another prediction from the OP, but thanks.

[infofront]

I just stopped in to Congratulate the OP.  

It takes balls to publicly make a prediction on something as volatile as bitcoin from 5 months out. It takes brilliance, and maybe a bit of luck, to actually be correct.

[battbot]

good call op

[pleaseexplain]

agree with the others. congrats on a great call

[darkangel11]

I hope you guys know how this line drawing works. People draw some lines and other people see it as an imaginary wall or target, so they put their orders there. More people see the orders and add to the walls creating supports based on imaginary lines written by someone. The price stops at the wall, predictions confirm, more people start to believe in the imaginary lines...

[fairglu]

I hope you guys know how this line drawing works. People draw some lines and other people see it as an imaginary wall or target, so they put their orders there. More people see the orders and add to the walls creating supports based on imaginary lines written by someone. The price stops at the wall, predictions confirm, more people start to believe in the imaginary lines...

Yes, self-fulfilling prophecy, usually works until a black swan event happens.

[Brewins]

what are the predictions for the next 5 months?

[cryptojumper]

what are the predictions for the next 5 months?

A price of ~140-160 for me to buy in and then back to 200+$ for the rest of the year. And then moon in 5 years unless some other coin surpasses it

[bitkilo]

You got a fuckin magic 8ball or something OP, 5 months later and your almost spot on, well done.