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RE: Bitcoin has been consolidating for some time, does that mean a big move is likely coming?

in #bitcoin7 years ago

Last year at around this time (2017) I predicted $7000 bitcoin on january 1st 2018.

I was way off..as Bitcoin reached 20 thousand just before christmas. But I can see now that I was just about spot on, except I didn't expect the parabolic run to 20k.

I'm not saying I'm nostradamus or some genius chartist. I'm just looking at the fundamentals. 50k might be the high point in the next year or so. And we will come down from there, to perhaps 25-30k, or even less. But I don't think that matters much. When we go above 20k towards 50k more people realize where this is going. And the pressure builds up. It's almost a mathematical certainty. It's strange how more people don't see this?

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Mathematical certainty?! Now you are sounding like John McAfee. :)

Haha. I added "almost" just to be a little bit less crazy :)