So Risto, What are your feelings at the moment? I assume now is a great time to buy. When do you think the next rally will take place and what is your estimation on when we will reach the next ATH? What do you think the next ATH will be?
I was thinking that I was surprised, yet again, that you were right about how the price was too high and that we would correct down to $400 or so. Yet here we are. When do we just shut up and stop questioning you?
- I think it is much more probable (70%) that 400 will hold vs. not. Even if it goes lower, it does not change anything except that price is better for buyers and worse for sellers. There is still exactly the same number of bitcoins in the market and the viability of the technology is exactly the same.
- Yes, it is a great time to buy. If you are thinking of buying bitcoins, you should do it now. Even if you were not thinking, the price is good.
- The tribulation is likely over in a week, at most the sub-500 prices persist until past April 15 (tax sales). In the end of the month we are definitely over 500, probably about at 600.
- We are now at -0.3 log-units in the long term trendline. This situation will persist until the next uptrend launches. Note that the trendline ascends 23% per month and it drags the price up with it.
- After about 2-3 months, we are near 1000 and there is a hurdle to get over it. It succeeds and the rally is ignited, catapulting us to a new ATH of 3000-7000 in July-August. From taking the old ATH of 1163 to making the new, it is only 20-40 days.
Always happy to help
And these are based on what?
-400 will not hold, it's going to be a long slide bear behavior til below 100$
-buying or selling are irrellevant...
-2-3 months will be around 100-200$
-we will never see four figers again...
I sold all. Game over.
Dude. Risto just bought a castle in Estonia. I think that in itself should lend some credit to him being "good" at this. Not to mention he has been right over and over and over again in his predictions.
Why are you so sure 400 will not hold? What is your reasoning based on? Please tell!
Do yourself a huge favor and at least buy some back! You don't have to listen to me, but so far the only real regrets I have is not following Risto's advice more often.
I own much thanks to him for not getting too emotional during the dips! I have not sold out of panic because he seems to remain calm in "all weather." In fact, if we can learn how to manage the ups and downs we can be thankful for them and use them to our advantage.
I love being called Dude, rather than mr Lebowski.
Predictions over price are impossible to make. Price status floats
in the middle of ask and bid.
What I'm seeing here it's a fixed fight. Ownership base is too narrow.
Few highrollers can dumb their coin like that and price will??
I've been thinking coin a lot for 2 years now. What we've seen so far was "it".
There's nothing to expect anymore. Risto got a manor, well done.
Bitcoin will not work as:
-currency, too volatile
-mean of transaction, too slow and heavy
-value holder, for sure not
Due those factors Bitcoin will remain its status as marginal phenomenom. An experiment.
Mass adobtion WILL not happen. This will melt its value. Ask average Joe? He will ultimately
Mare the price howering between ask and bid....
