Topic: Predicted $16k by EOY in April (Read 307 times)

$400k by next 2 years is this a joke or what? Because merely looking at it, this year already ended and we haven't even smell or perceive $100k to $200k before that huge hope of getting to $400k, well let me not to be too sceptical otherwise have to be diplomatic about this because I know anything is possible and from historical chart we may achieve that amount but could possibly be 2026 to 2028.

16k or similar level makes sense from peaks of 2019 I think more then a trend now especially.     We are just drifting sideways mostly, not pushed upwards or down and at present we lost the 2 day average while also the weekly average converges with this measure.
   More important is the long term volume from years such as 2019 hence why your April prediction was fair at the time for a bottom price rather then 20k which I dont think was ever properly traded by the majority of the market outside of exchange orders hence making it weak.

The price of bitcoin is difficult to guess so it becomes interesting if there is a guess and proven to be true, but if we want to focus on profit, I think Hold and be patient is the best key to get a big profit, don't panic with any situation, this is common so that we Have a chance for big profits in 2 or 3 years.


And as an investor who focuses on the long term, any price is not a problem for us to buy.

Macroeconomic situations will have more influence on market conditions, compared to just seeing the LUNA crash and most recently the FTX drama.
it is possible that all the drama and crash refer to macroeconomic conditions.
OP, you really have to put up with those who say it's just a prediction based on luck.
Making predictions is not easy and predictions will not be 100% correct and no one will guarantee them.
Maybe you can continue this prediction and what will happen later.

Well not the exact same dates, but close enough. The halving was in 2016 and in 2020, whereas the biggest ATH we reached during those periods was in 2017 and 2021. Which goes to show you that it takes a year of going higher to make us reach that ATH price.

I obviously do care about the fact that we could buy before the halving and wait a bit more than a year and you could make a huge profit, but that doesn't mean that we shouldn't end up with a big purchase anywhere during that year as well, it should be still giving us a big profit even if not the biggest. I am buying right now when it is the bear time, and in 2024 there will be a halving and by 2025 I would be in a lot of profit, that's my guess.

Isn't it the same? 4 year halving and 4 year cycle? But no they won't go on forever but there will be a time where all the supply of btc have been mined out. A case that is happening in btc right now, won't possibly happen on any other coins because each of them are not the same. some Other coins can halved too but it wasn't exactly 4 years. It can be farther or shorter than that.

Those coins which supply is high, their halving period can also go a long way but it can't be forever because I believe all crytos can soon end. Nothing stays forever in this world. There may be times where btc move randomly and won't follow a pattern so it's always better to be versatile and have a plan-B.

4 years cycle if you look on the graph. Not just accurate on an specific date but Bitcoin does reset price trend every 4 years so I believe on that. Not exactly on the halving part but it’s what fuel the bull market for a stronger rally.

Altcoins is just following Bitcoin trend for a long time. Whatever happened to Bitcoin then same to altcoins. There’s some just exception when Bitcoin dominance is increasing.

I traded a short from $36k to $20k.
After that some more small trades with other Altcoins like UNI, LINK, BNB, Luna Short. I shorted $LUNA at $105 and took profit at $80.

Just because there's a halving every 4 years doesn't mean the 4 year cycle would go on forever.  If that were the case then all other coins that would have a halving every 4 years would also have a 4 year cycle that would go on forever?  It's much more than that. 

And what if BTC doesn't follow the same pattern after the next halving?  What then?  I'm not saying BTC won't trend up again but you guys are saying it under the wrong premise...  I've been saying 'whatever you do, don't look at the rainbow chart' but look how it is rn.

https://www.blockchaincenter.net/en/bitcoin-rainbow-chart-v1/

Nice plan, I just watch your trading view. The support on weekly view I'm usually considering as the major support it very hard to broke this level and we should see the bounce back from here or if this support broke will see the price form new support at $11.8 K but I hope this wont happen

and i also curios are u trade on futures too?

In April? When the price was still around $40,000? Really? Was it one prediction among many?

But yes you predicted it right. And although I would have hoped that your prediction fail, here we are with Bitcoin's price trying hard to hit $17,000. But there is still a little more than a week left before the year 2022 will come to its end. The price could still climb back to $18,000 or even a little higher. But all hope is probably gone now that the end of the year will have Bitcoin above $20,000.

I didn't got lucky, I followed the macroeconomic situation in the world and knew Bitcoin will retest the long term support.
Nothing fancy here bud.

The OP got lucky with his prediction, but if such prediction didn't happen, I don't think he will be posting again his graph.
What I am trying to convey is, in this market, we can always speculate, however, we have no assurance that such prediction will happen in the future.
We have our analyses and indicators, but most of the time, those are not enough as some twists of events in the market are always possible.
If the OP knew that FTX failure is coming, he should have warned the community, but just like all of us, we got a surprise on this news.
The re-occurrence of such market trend is not always expected, we are lucky if it will happen again in our lifetime.

Some people use an old occurrence of bitcoin price to judge and stamped that it's a regular ways of Bitcoin circulation of price, so it's not dominate or a repeated factor from my observation in cryptocurrency, so i believe that whenever their is revolution or resolution of bitcoin price, it's not will happen to reoccurrence to particular point in time from my perspective.

This is why its really hard to make out some conclusions basing into that 4 year cycle or whatsoever, yes we could really make out some patterns basing up on what happened in the past but doesnt mean that it

would really be happening again in the  future too.There's no way to determine on what would be the demand on a certain period or particular time which it is really hard to point out because anytime it could really
kick in and of course with some engagement or in involved with whales too which makes things even more harder to make out predictions and this what makes really totally random or unpredictable.
If OP did predict about 16k in April then it wasnt still precise nor been able to hit up the market or could claim that he was right. Lots of news and events did really happen into this market on 1 year
time or span which its one of the contributors on why we are seeing these numbers now.

Theirs nothing like the four years rotation of Bitcoin before the price will encroach to bullish season, those things is misconception of understanding and also an assumption in cryptocurrency kingdom, so i believe that Bitcoin happened to rise when it have a lot of domination of people who buy and sell of cryptocurrency, so therefore bitcoin is a currency that we know that can kick of bullish any time because of the demand snd supplies in the market, the market determines the bull run of bitcoin.

Who knows it. I think that one of the key factor would be to see what will happen with Binance in the next weeks (it seems that it isn't clear like everyone thinks). So, one of the key factor will be this, another one will be

to see how global market will go, so, it is impossible to predict it. In my opinion, we'll have another winter year, then we'll see something of really cool.

Probably, but you have to still think though that we have the bitcoin block halving that occur every 4 years. And we have seen it as the catalyst for a eventual bull run. So for me the 4 year cycle will not work if we that bitcoin block halving will stop working as well as the start of the push to a new all time high.

And we all know that the block halving is designed by Satoshi to happen every 4 years, just saying.

I think it has been a good model but really..  Careful now.  The '4 year cycle' will keep on working until it doesn't.  Don't use it as a crutch and be ready to adapt at any possible moment.

It could be just like the rainbow chart.  In case you didn't know, have you guys seen what happened to the rainbow chart?  Yeah, apparently there's another version now because the first one stopped working.   

No offense but this was not something you could have predicted or can continue predicting based on charts (ie. broken clock and all that ). This is all affected by global economics and the more inflation grows while FED manipulated rates to decreasing hence causing recession, the more we are going to see an unrealistic sell pressure in bitcoin market.
Again the inflation-recession combo in US economy (that also affects most of the world's economy) is not something you could have speculated on by looking at bitcoin charts!

It is going to be the same in the future. The moment inflation stops growing and FED accepts the reality and stops manipulating interest rates, is the moment we can go back to realistic bitcoin prices and a realistic market again. Until then we are going to continue seeing a struggle to go back up.
I don't see any more drops though because the more rate increase by FED is not going to affect anything whatsoever.

Nobody should believe in the 4-year cycle from the start of 2022 considering nothing of this last cycle has been like the previous ones:
1. Not the same overall rise at all
2. No bubbles whatsoever
3. A big crash regardless of the lack of bubble
4. The bottom so far has been below previous cycle's ATH which is a first.

People who naively claim this is another cycle are only looking at 20% of the cycle ie. the crash and ignore literary every other aspects of the cycle! It's like saying apples and oranges are the same because they are both round