Topic: This graphic was posted 3 years ago and predicted the $10,000 date - page 2. (Read 1262 times)

No one should base his investments in this chart or any chart, but if you look at the chart you see a red line and a green line it is obvious the green line is not going to follow exactly the red line, sometimes bitcoin was undervalued and sometimes was overvalued but the general trajectory of the prediction has been more or less right.

The prediction that was made could be defined "incredible" as the date mentioned was so accurate it did reach there the same day, which means that 2021 could be the year of a bigger, much better party. But all I am scared of are the big picture where names like Wall Street are waiting to enter this market through CME's futures that will allow users to short on bitcoins at a greater pace as well. Everyone is looking at this the positive way, but don't forget that each "bit"coin has two sides.

Bro it just takes one more years to achieve.But 10,000$ is very high value,so it take long period to achieve.Actually ,this is the short time to achieve before then I had thought.Actually many holders of bitcoin got very huge profit after the trade with 10k$ price.This is expected one for many investors.

Here was an updated version of the chart, but note that as the green price has risen since the chart below was computed (and if will continue to rise) then the red line will rise again (thus only in retrospect will we see that the red line was higher at the end of the bubble than we projected it to be):


I agreed with the following:


We have confluence of several factors, which are fundamentally driving the current bubble higher.

These create a PUBLIC CONFIDENCE in the bubble which spreads it to the general public. I have many people telling them what everyone they know is becoming aware of the Bitcoin bubble. Someone wrote that exchanges are adding 500K new accounts per day (is that correct?!!). IOW, we’re going to overshoot by a country mile any sane rate of price rise, before we crash down hard and long. The fundamentals are too strong and there’s far too small of a marketcap right now in crypto, compared to the global interest level. And altcoins will sometimes make their runs w.r.t. BTC (e.g. BCH from 0.05 to 0.3+ as I predicted), so diversifying some to alts and then taking profits when they go vertical is a wise strategy. Appears smart investors can extract another 5 – 10 bagger out of this crypto bull before the next winter. First all the old-timers need to sell too early, get jealous and repurchase. This bubble has to make fools of everyone and shock everyone before it will be over.

Perhaps we’re roughly at the analogous level where that volatility got more intense as BTC crossed $400 going vertical in 2013. It continued on to rise ~3X higher.

Wallstreet is coming into Bitcoin:


Obviously the green line price never exactly tracks the red line projection. The red line represents a level the bubbles must peak above.

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Indeed, we expected many people who had long-term capital gains to take profits at $10k.

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Yup, but they need a larger and larger marketcap to steal from. Volatility can increase as they try to front run insider news they create to profit off the gyrations, but overall they want the market cap to grow.

Well if this is true it means mcafee will be eating his own dick on tv because it will only be $100k by 2020 and he said 1 mil.

If you look at the graph of 2017, it does have figures of $ 10,000. But on this schedule at the end of 2016, the price had to be above $ 4,000. This is absolutely not true. The price was lower. Never look at the part graphics. Look at the entire schedule. I think he can't be trusted.

Notice the actual green price has always overshot that red projection on peaks.

Thus shouldn't we expect BTC to go significantly above $10,000 (perhaps as high as $25,000 - $40,000) within next weeks or months before crashing?

Note I'm not making a prediction. Yet this dip from $11k to $9k feels like not the start of bear market yet to me. The alts such as LTC still stuck below 0.01 BTC, either haven't made their final move yet w.r.t. to BTC (or already made it), being another clue that maybe BTC has not lost momentum yet.

This is beautiful and view this chart shown all the movement we have seeing so far and the projected future. If bitcoin will get to $100,000 by 2021 then I think we should hold what we have now. I saw the price crossing  $11,000 without even no single limitations.

I am just wondering how accurate it can be. Like predicting the date and the price almost matching similarly. But unfortunately had this being bough a month ago would have bough btc so that had made some money in this bull run. Now will have to see how much correct it can go in future.

This is impressive. Notice how it almost nailed it with the prediction, what the fuck man, that's pretty amazing. Now we just have to wait and see if this follows and we get to $100,000 by 2021, that would be sweet.

It seems this is the original source:

https://www.reddit.com/r/Bitcoin/comments/2p6vzc/this_is_probably_the_most_accurate_price/

Was it our resident poster "americanpegasus"? well congrats on this one.