Fractal analysis shows Bitcoin to reach $100k+ in 2017

juju

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Quote from: bitpump on July 07, 2015, 12:18:36 AM

-snip-

Ok, I am the only one to notice that this is a Fontas prediction? I remember him in the past just massively pumping Altcoins, as much as I would like to have a price of 100k USD Per Bitcoin. I think he is just trying to get a temporary pump running or maybe he legit believes this. Which I seriously don't think is the case. In the past after he finished advising everyone to invest one way, he would be waiting too move in the exact opposite direction of what he said to make profit. I remember advertising for: 10-100 BTC to join his altcoin pumping club so you get insider info.

jehst

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21 million. I want them all.

Quote from: Alley on July 07, 2015, 02:47:04 PM

Quote from: jehst on July 07, 2015, 02:37:12 PM

Quote from: Alley on July 07, 2015, 02:35:54 PM

I like Drapers prediction of $5,000 in 3 years. All the pattern analysists simply don't work when you think about mining income.

I thought Draper predicted it would be higher.

Maybe it was $10k? Saw it in a vid interview.

Yeah 10k. My own estimate is 10k by the end of 2021. But it's basically the same. Maybe 5k in 2017.

But I honestly thought we'd be higher than 300 now so my predictions are clearly wrong.

Alley

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Quote from: jehst on July 07, 2015, 02:37:12 PM

Quote from: Alley on July 07, 2015, 02:35:54 PM

I like Drapers prediction of $5,000 in 3 years. All the pattern analysists simply don't work when you think about mining income.

I thought Draper predicted it would be higher.

Maybe it was $10k? Saw it in a vid interview.

jehst

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Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Alley on July 07, 2015, 02:35:54 PM

I like Drapers prediction of $5,000 in 3 years. All the pattern analysists simply don't work when you think about mining income.

I thought Draper predicted it would be higher.

Alley

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Activity: 910

Merit: 1000

I like Drapers prediction of $5,000 in 3 years. All the pattern analysists simply don't work when you think about mining income.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

in the 1800 coins per day reward era, miners would receive 180 million dollars worth of BTC per day. Mining bitcoin would be a 65 billion dollar per year industry. Bitcoin's mining industry would dwarf gold's within 2 years.

scarsbergholden

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Really nice analysis, either way bitcoin needs new money coming in either a billionaire looking to back hes fortune with bitcoin or just a high demand from countries in economic distress, then again is very little the exposure this normal population are getting from bitcoin.

Amph

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Quote from: AtheistAKASaneBrain on July 07, 2015, 07:45:00 AM

Quote from: Chef Ramsay on July 07, 2015, 12:25:26 AM

Bro, even the Edub folks say that this high of a wave is going to take many years to play out which will be a pleasant bull market to observe and live through. I'd love to let this ride but this is fantasy unless a certain ETF comes out and wall street jumps in across the board. Guess I can't discard your assessment but this is quite a shocking and bullish viewpoint. I'm not one to be stuck or caught up in the dulldrumbs of the bear market affecting what the mindset of a bull market can be but good grief my friend. Shocked

It's no fantasy, you are not puting things into perspective. BTC marketcap is ridiculously low for all the things that it could disrupt. It only takes a couple of legitimate whales to decide the time is now, which then will lead more common investors that are doubting still to get in as well. As a result, we get a huge bubble and after it bursts we'll be on a way higher floor than we ever saw before. This cycle will repeating for 2+ decades until the price is ridiculously high and BTC accepted everywhere.

while i agree that the market cap of bitcoin is a joke, this is not enough to initiate a ride like the one the OP is advocating in a short time frame like that

bitcoin need only one thing to grow, no rubbish good news , no new fancy exchange, no false promise, it only need a fucking new money influx, also called demand, a very big demand

spazzdla

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Is this like the fallin polar opposite...

Hyena

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Quote from: AtheistAKASaneBrain on July 07, 2015, 07:45:00 AM

It's no fantasy, you are not puting things into perspective. BTC marketcap is ridiculously low for all the things that it could disrupt. It only takes a couple of legitimate whales to decide the time is now, which then will lead more common investors that are doubting still to get in as well. As a result, we get a huge bubble and after it bursts we'll be on a way higher floor than we ever saw before. This cycle will repeating for 2+ decades until the price is ridiculously high and BTC accepted everywhere.

+1

All you bears are short sighted and fail to understand the fundamentals of bitcoin. In addition, you probably have no idea how our current monetary system operates and in what a corrupt world we live in. Bitcoin will help us to eradicate the financial parasites from our system. Do you have any idea what parasites can do to their host? Learn some deep shit about parasites and see the before and after pictures of infested organisms to get an idea.

AtheistAKASaneBrain

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Quote from: Chef Ramsay on July 07, 2015, 12:25:26 AM

Bro, even the Edub folks say that this high of a wave is going to take many years to play out which will be a pleasant bull market to observe and live through. I'd love to let this ride but this is fantasy unless a certain ETF comes out and wall street jumps in across the board. Guess I can't discard your assessment but this is quite a shocking and bullish viewpoint. I'm not one to be stuck or caught up in the dulldrumbs of the bear market affecting what the mindset of a bull market can be but good grief my friend. Shocked

It's no fantasy, you are not puting things into perspective. BTC marketcap is ridiculously low for all the things that it could disrupt. It only takes a couple of legitimate whales to decide the time is now, which then will lead more common investors that are doubting still to get in as well. As a result, we get a huge bubble and after it bursts we'll be on a way higher floor than we ever saw before. This cycle will repeating for 2+ decades until the price is ridiculously high and BTC accepted everywhere.

SmoothCurves

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Activity: 379

Merit: 250

Quote from: Chef Ramsay on July 07, 2015, 12:25:26 AM

Bro, even the Edub folks say that this high of a wave is going to take many years to play out which will be a pleasant bull market to observe and live through. I'd love to let this ride but this is fantasy unless a certain ETF comes out and wall street jumps in across the board. Guess I can't discard your assessment but this is quite a shocking and bullish viewpoint. I'm not one to be stuck or caught up in the dulldrumbs of the bear market affecting what the mindset of a bull market can be but good grief my friend. Shocked

Take a look at: https://bitcointalksearch.org/topic/metcalfes-law-bitcoin-price-and-adoption-analysis-for-the-future-655792

One of the takeaways is that when adoption hits the vertical part of the S-curve, adoption will grow hyper-exponentially as will price.

Chef Ramsay

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Bro, even the Edub folks say that this high of a wave is going to take many years to play out which will be a pleasant bull market to observe and live through. I'd love to let this ride but this is fantasy unless a certain ETF comes out and wall street jumps in across the board. Guess I can't discard your assessment but this is quite a shocking and bullish viewpoint. I'm not one to be stuck or caught up in the dulldrumbs of the bear market affecting what the mindset of a bull market can be but good grief my friend. Shocked

bitpump

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Fractal analysis shows Bitcoin to reach $100k+ in 2017

In recent days the price has moved above the 30 week (200d) EMA for the first time since the bear market began. That is, it's now above $270.
As long as price stays above $270 and breaks above $300 (local high) the red scenario is dominant. That means, in Elliot wave theory, wave 3 has started.

latest analysis:
https://www.tradingview.com/chart/BTCUSD/xFTcQdIU-The-3-Fractal-Scenarios-Update-Scenario-A/

previous analysis:
https://www.tradingview.com/chart/BTCUSD/lJH6JxRB-The-Three-Fractal-Scenarios/
https://bitcointalksearch.org/topic/analysis-fractal-1052507

Topic: Fractal analysis shows Bitcoin to reach $100k+ in 2017 (Read 1522 times)