Did you know that shelby wrote 6 and 8 years ago about that Economist magazine article entitled, “Get Ready for the Phoenix,”.
Don't delude yourself into thinking you know anything that Shelby didn't already know.
Even if you believe 2017 will be a deflationary year for asset prices,
Then you have the other inconvenient truth that you believe there will be massive capital flight to the US dollar as the last bastion of hope. Since Bitcoin is the king of capital flight, it would actually benefit EVEN MORE in your deflationary, capital flight to the US scenario.
I have never written that Bitcoin will decline in 2017. I don't know why you think that. I have always said it would be between 2015.75 and Q1 2017 if it occurs.
It has been explained to you many, many times already that the deflationary contagion after ZIRP ends (when the private sector loses confidence in government and stops buying sovereign bonds) will drive all private assets up, including Bitcoin, gold, the dollar, and USA stocks. After 2017.9, the dollar and stocks will peak then crash as well, then the ongoing rise is likely to be in gold and CC as we will have a monetary reset at some point 2018+ (but maybe not completed until 2024). The interim adjustment phase from the public confidence in government we have now and the stampede change of direction, is what can cause a liquidity selloff in private assets, before their big move gets underway in 2017. MA named this phenomenon, "The Slingshot Move", because first there is a sharp false move to the downside with a V bottom and slingshot to the moon thereafter.
So any precipitous and sharp decline in gold and Bitcoin is between now and Q1 2017. After that, it is upwards.
it makes zero difference for Bitcoin because it's the equivalent of a small cap equity that can do +2-10x at any time and far outweigh any deflation.
Being a small cap is a double-edge sword. On the upside it means larger gains. On the downside, it means larger declines.
Being a small cap, Bitcoin is super vulnerable to macro contagion that impacts the whales.
Don't count your chickens before they hatch. Bitcoin may have U bottomed and may meander up to $1200 over next months, then it might crash 33 - 67%, before renewing its move up in 2017. Or Bitcoin may not have bottomed yet, and may crash again to $150 or below before moving up to $1200 and beyond.
Those are the only two scenarios I see as likely based on both the chart analysis and also on the reality of lack of impetus for a gold rush mania for BTC in 2016. The probability of Bitcoin rocketing up now past $1200 and through the $3000 moonshot is very, very unlikely. That will come later in 2017 or 2018, not now.
This Freshman777 guy is a shill account created in the year 2016 to try and hype IPO scamcoins. You can stop pretending your propaganda works. Nobody believes a damn word from your shill accounts (probably all operated by Come from Beyond).
A price move from $550 to $1200, is only a double for BTC holders. Ethereum and other ICO holders have earned 10 and 100 baggers interim.
I don't agree with freshman777 that TPTB will shut down BTC. Why would they do that when it is the greatest spying tool they ever created. They are getting the Chinese taipans to incriminate themselves by moving illicit funds through the traceable Bitcoin. Thus these taipans will be beholden to the TPTB to prevent their jail time. This is all about collecting more control over the wealth of the world by TPTB. Bitcoin is a Trojan Horse. And if you think I am going to standby and let them succeed, then you don't know me very well.
Now I will be gone. Have the last word, but please don't twist my words. Read carefully what I have written.