Still entertaining
Yeah, but I had a revelation - and as a result I'm gonna have to make a change to one of my major predictions.
I said bitcoin would gets its ETF and by next year we would see a $1,000 bitcoin price.
Well, I was wrong. $1,000 is gonna get blown out really fast. Too fast. I'm now seeing at least a $5,000 piece for Bitcoin and quite possibly as high as $10,000 within 12-24 months after the ETF license is awarded.
Yeah, it's gonna get that crazy. So that means coins like ixCoin hitting $100 or Devcoin hitting $1 is gonna be a no brainer. Only problem is picking out the coins which will gain the most as not all coins will go that high on a % basis, although they should all be worth much more than today, even CrapCoins, if you can believe it.
Wow, so all the people at which you are laughing at in this ead will be worth dozen millions of $ very soon, that's your prediction?
Absolutely not, it never works that way, which is why I'm shouting from the rooftops and in the event I am right, more people will be worth more than they would have been otherwise.See, let's say I'm right. 99% of the people on here are not finance or economics types - so that means 99% do not expect such an enormous jump in Bitcoin's price or any other alt coin for that matter.
Most here mine and do not purchase actual alt coins (like I have been doing since day 1, with actual Dollars) and that's cause most lack the necessary convictions and experience in stocks and they don't see any real future, at least not so much so soon.
So what do you think will happen when Bitcoin goes to say $270 and breaks its all time high? What will happen if say this CrapCoin goes to say 2 cents per coin or Devcoin goes to just 1 penny from like 1/100th of a penny now or ixCoin goes to say 10 cents from half a penny now?
Most people here have never been around such volatile investments and since most don't expect a huge rise at least not a quick rise once they see say $10,000, $50,000 or especially say $100,000 worth of coins in their wallets what do you think they'll do?SELL SELL SELL
they'll dump as fast as they can cause they can't believe what luck they had and they FEAR they'll never see that kind of easy money ever again. This is where FEAR and GREED take over all rational thought and 99% of the people in this world are simply not trained to overcome that fear and greed so they'll react impulsively; thus, losing all objectivity. I've seen it in stocks many many times and it actually happened to me (numerous times) early on in my career until I taught myself to stay detached from any risky, volatile investment.
And at that point the new batch of speculators will come in as that price will seem cheap to them compared to Bitcoin or many other stocks and once they see a quick 10-fold rise they'll be shocked, overcome with
FEAR and
Greed and most of those guys will sell as well.
And the cycle repeates without a single person ever making millions. Statistically, at most, 1/10th of 1% have the nerves of steel and powerful convictions to risk losing $50,000 or $100,000 on the mere feeling or conviction that it will go much higher. Most people are simply not wired to take that kind of risk and even if you are - if yo don't see it, if you don't have your own convictions based on something solid then you will sell even if a guy like me is screaming: NO NO NO IT'S GOING TO $1 MILLION!!!
And this is why I'm working so hard to brainwash people into seeing now what's going to happen cause if I can't convince a few people to hold off even a few extra days - that could be another $100,000 in free cash.....or if I'm wrong I could cost that person that entire $100,000 in pure lifetime profits....hence, we're back to the same fear cycle which dictates 99.9% of people on here whom are not trained and experienced traders or investors will sell way way too early so no need to worry about too many millionaires.
Good luck to everyone - I hope I'm right and I hope many of you have the guts and nerves of steel to hold on while everyone is going crazy and dumping all their coins for the easiest profits they've ever seen.This prediction is looking eerily accurate. An like vlad said, most sold way too soon. I don't have much but I'm holding to see what next year brings cause if that ETF does come it will bring a whole new level of hype.
Thanks Vlad, bought ixCoin (and some DGC) cause of you and I didn't sell for a triple like most did cause of you. Now I'm sitting on 24 fold increase (and 50 fold on DGC) and hoping for your predicted 500 fold. I really owe you, bro!
Lol, I can't even imagine that kind of return but then I never thought I'd see CrapCoins like Quark or doge or nxt at million dollar levels. This is, like you predicted months ago, total madness and I think you're right in that it has just begun.
Just an idea but maybe you should revive nuggets. It's got a better rep than many other expensive ScamCoins. You gave the entire premine away, only an idiot would call nuggets a ScamCoin and besides, you pre-announced the premine well ahead of time so it wasn't a sneak launch or sneak premine like the clown from ixCoin.
Thanks and good luck, bro!