My Prediction about Bitcoin’s Bottom: Price: somewhere between $3200-$4300 Timing: sometime between Jan2019-Aug2019pic.twitter.com/AZDmMFTY0W
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
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My Prediction about Bitcoin’s Bottom: Price: somewhere between $3200-$4300 Timing: sometime between Jan2019-Aug2019pic.twitter.com/AZDmMFTY0W
The way the chart is set up makes the two spikes look visually remarkably similar. The eye naturally infers that the correction will be of the same or similar magnitude. Yet when the picture is more fully set up like the following, the eye draws quite a different picture -pic.twitter.com/1bKPzulpSV
this is absurd. if you extend that line it would imply we reach $2M by 2025, that’s just unsustainable, it has to slow down as it does with the log curve...
Law of diminishing returns -pic.twitter.com/3Gt4GxtDrJ
$1,000,000 by 2024 is just unrealistic man. the fundamentals don’t align. Im bullish but that’s too quick.
Well, the thing is they were saying the same thing about the recent spike to 20K. This bull market will likely do the unimaginable. The fundamentals involved are macro ones - a currency capitalizing, and instability in conventional currencies, economies and asset classes.
Your chart begins both the top line and bottom line in the middle of BTC history, only from before the previous bubble which is not “fair”
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