Ask any oldtimer, and you’ll realize that masterluc are a few things of a legend within the Bitcoin community. His main claim to fame is that he referred to as the highest of the Gregorian calendar month 2013 Bitcoin bubble and also thesucceeding securities industry.
On December six, with the worth at $1100, he said:
“Third day in a very row I awaken, see charts and raise myself "Is this the end?" and third day in a very row answer is "Yes.” finish of initial historical optimistic trend 2010-2013.”
Multi-year securities industry
If that’s not spectacular enough, masterluc expected a multi-year securities industry 2 days previous, despite the worth at the time--$1240--being associate degree incomparable high. He wrote:
“Ah, after all thanks Satoshi and community, however i'm still here =) Next getting into purpose on behalf of me is in 2016-2017 year.”
Just just in case there was any doubt regarding his prediction, he reiterated on Gregorian calendar month thirty one, 2014:
“I see worth failing leave daily BB borders for too durable. This makes ME assume that worth might enter stagnation adore it was jan-may 2012. except for a bigger amount of your time. in all probability until next reward halving adore it was in 2012.”
Not simply lucky
In case there area unit any WHO assume he may simply have gotten lucky, contemplate that he referred to as the end-of-2013 bubble back in March of that year. 9 months before the bubble peaked, masterluc denote the subsequentchart on the bitcointalk forums:
He stated that Bitcoin’s long-term upper trendline would be “somewhere above 1000.”
Bubble to start around might 2017
On May 30, 2015, masterluc wrote:
“Also you will estimate during this model what quantity time until next bubble (~ two years in my estimations)”
He solely incomprehensible by regarding 2 months, as a fast explore the charts can ensure that Bitcoin’s major surge in value began on March twenty three, 2017 at $884. At press time Bitcoin is at $4080.
Crystal ball
Masterluc currently predicts that Bitcoin can reach $15,000 before the tip of this year. What’s additional, he believes that Bitcoin can reach a value of $40,000 - $110,000 by the tip of this pitched battle. He provides a timeframe of 2019 for that value target.
While these numbers appear fully extraordinary, several traders have noted that the recent “bubble” doesn’t appearthus bubbly on balance. Bitcoin has not nonetheless gone parabolic because it did at the tip of previous bubble cycles.
No guarantees
Of course, as any finance prospectus can tell you, past performance is not any guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. If--and it’s a giant if--he is correct, there square measure aiming to be lots additional Bitcoin millionaires by 2019.
I think there is no bubble with BTC, it will only grow.
We will wait and see