BTC Fundamentals and Long Term predictions

2017년 1월 30일

I'm horrible at technical analysis but the fundamentals of bitcoin are something I'm very familiar with.

Like rats on a Caribbean Island Bitcoin will experience a hyperbolic s-curve that levels off once it:
1 reaches global forex market saturation (1-10%)
2 approaches 21M limit

Along the way global economic events will create massive bubbles as collapsing economies convert fiat into cryto (presumably BTC).

As the average price of BTC gets higher, and the collapsing economy's size get biggers, FOMO will make theses bubbles bigger and bigger as well (Red triangles). This is good news though, more opportunity for profit ;D

When the S-curve starts to level off we might see something like this https://elenastreuding.files.wordpress.com/2010/11/j-curve.gif

or this

https://www.google.com/search?q=population%2Bs%2Bcurve&rlz=1C1AVNG_enUS676US676&espv=2&biw=1920&bih=1014&source=lnms&tbm=isch&sa=X&ved=0ahUKEwijrr_c6erRAhUOzGMKHYVTCsAQ_AUIBigB#imgrc=KOC5z9xscRo9WM%3A

Its gonna be a wild ride to the top and I hope everyone makes some good money; don't forget to take profit!

-Goonch

Further Reading: https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.slb4gv7uv

PS - I'm mostly ignoring the first major bubble because of MTGOX shenanigans

2017년 3월 5일

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Still in the "channel"

2017년 3월 11일

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Wow, nice call here, bounced right off the ceiling.

2017년 3월 11일

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2017년 3월 27일

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2017년 4월 22일

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2017년 5월 3일

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Getting close to the top here...

2023년 8월 31일

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Apparently I stumbled upon a lower trendline. Very cool to see how bitcoin has surpassed my expectations.