Do I Think Bitcoin Price Will Go Down To $1,000? + Ethereum Hardfork Update

yes2crypto (49) · 6 years ago

Thank you, Chris, for the analysis and overlay. It’s definitely hard as a perma-bull or someone who is mostly positive about BTC to not react to these predictions. It’s like someone calling your baby ugly; it’s not an easy thing to take.

I’ve found this video by Bob Loukas, an analyst from bitcoin live, extremely insightful. It reviews the cycles of bitcoin on a log scale, using the definition of a cycle meaning the space between two low points.

It maps two 4-year cycles, by week and denotes the staggering similarities between them. It goes into more so I don’t want to spoil it.

$0.29

3 votes

jonunez (40) · 6 years ago

great episode, liked the perspective. Are you also looking to find 4 analysts with the opposing view?. In addition, is hedging part of your trading course?.

$0.29

gbcryptotrader (47) · 6 years ago

Hmmm. Yes, it could go down that far but I definitely have to discount Clif High from the list. He's got so much wrong over the past 12 months and although I think he is any extremely bright man, I pretty much don't believe in his "predictions" any more.

neoicarus (51) · 6 years ago

Education and liquidity needed

Posted using Partiko Android

alexanderhoehne (51) · 6 years ago

Thank you for your insights and perspective. I hope we will stay stable or move slightly up.

5 votes

stevemason (41) · 6 years ago

I hope you're wrong about bitcoin going to $1000. However, we all must be prepared mentally for this situation.

eric.truesdale (41) · 6 years ago

Thinking about being able to buy BTC at $1,000 dollars is like crypto porn lol

stevemason (41) · 6 years ago

I hope they are wrong. However, we must be mentally prepared.

konelectric (59) · 6 years ago

Wouldn't the mines stop mining Bitcoin if it gets that low.

$0.12

2 votes

juanete20 (44) · 6 years ago

Some miner would stop due to the cost of the electricity, but for example the ones in Venezuela with really low cost electricity will continue operating

$0.03

2 votes

truth-be-told (58) · 6 years ago

Just as @juanete20 mentioned, the concentration of where they are mined will shift to other countries where it's cheaper.

$0.00

2 votes

xrplover (55) · 6 years ago

Thanks for your video.
No matter what happens, I will keep buying crypto once a month.

$0.02

newageinv (70) · 6 years ago

Despite the concern of the hard fork delay, I think it shows how the space has matured and learned the importance of having solid coding and review before deploying. This is an essential process in all protocols going forward as adoption increases.

Posted using Partiko iOS

$0.00

garthfreeman (56) · 6 years ago

Thanks for the insight. Hedging seems like a good idea!

$0.00

tips (39) · 6 years ago (edited)

A $3,000, $1,000 or even a $500 bitcoin doesn't change the fundamentals or it's network effect but rather gives it the fuel to encompass a larger radius during future bull cycle.

$0.00

davidasydney (45) · 6 years ago

That's a very compelling set of speculations, I'd wait as long as I dared before entering long positions on bargain BTC (hopefully) near it's bottom to benefit from cost averaging. Ah but then to short, or not to short, now that, would be the question.

$0.00

safetony (47) · 6 years ago

The truth hurts and that was very painful to watch, will wait and see how this plays out.

Very objective analysis!

$0.00

tokpie (31) · 6 years ago

$1300-1000 is the most probable target for Bitcoin. The question is when we see it?

$0.00

chekohler (70) · 6 years ago

Thats a very interesting take, I'll have to read up more about this hyperwave. Looks like I'll have to store some crypto in stable coins over the next few months and then try and pick up some BTC throughout the next 16 months if I see this prediction start to play out

$0.00