^^^^ Agreed, scaling will probably kick BTC back down to Afrikoins $900.
So far, Afrikoin was 100% accurate, the thing I don't understand is, hows possible to scale down to $900 and then head back to 3K within few months?
Afrikoin,
few minutes ago, the well respected Vinny Lingham, said on his Twitter account that he short off his BTC position due to Hard-Fock coming. He even noted that things will end so badly for BTC that the -ceiling of it's price will be 800$ the maximum. Do you think the same? Should we short now before we hit below $800? He also re-think of his previous tweets and said that we might have to give a bye-bye kiss to the 3K prediction by end of 2017.
lol!
i said this a long time ago. been saying this for a while. Hard fork is a HUGE risk, just like with Ethereum. The risk of it will depress price too. So any increase in BU hard fork drama is bearish.
And i remember i said it to you
and posted it here
Vinnie and his ilk have been underestimating the possibility of a hard fork. He put down as a remote possibility. Very remote, unlikely.
If what you say is true (i will check his tweets), this is his way of backing out of his initial call of a minimum $800.
If the hard fork happens, or this drama escalates and we have to compromise on a hard fork + segwit or something else,
$512 is an easy target to hit from $700- $800
even down to $300. where there is a sweet ascending trendline
This is why i added the poll above using $300, because there is a rising trendline crossing this point
This below was a great, prescient article from November 2016
How will Segwit affect the price of bitcoin
https://medium.com/@michaelkimani/how-will-segwit-affect-the-price-of-bitcoin-b58d7c29cd9a
Guys, just read my posts please
I never type out anything here that i have not thought about
