Quote from: americanpegasus on May 12, 2015, 09:33:28 AM

@ Livermore:

Now, looking at your most recent charts, I *want* to believe that we are at the bottom of the channel, because I am heavily vested in bitcoin right now.

But I would be lying if I didn't acknowledge that your fractals show a new possible drop to unbelievably low levels. However, we both know that speculation trumps fundamentals trumps technical analysis.

So it would make sense that we *would* have hit that low of double digits, but we are actually going to stay above it (artificially) due to all the positive news and artificial buy walls in between $90 and $210.

I would tend to agree with you though, that if we break down through $210, we will meet resistance below $150.

This seems impossible with current developments, investments, and conditions but stranger things have happened.

Now, here's the exciting bit. If you are right, and the previous pattern started at $5 and carried us to $1,000 then we are looking at a penultimate peak of $40,000 for the next macro-movement.

Astute followers of Cryptovivik Livernalysis may be taking this pattern out to its logical conclusion.

They will find the next 'crash' may take us down about 85% from the new high of approximately $40,000 to around $6,000 per coin, which then begins the next macro-bubble of... (hold onto your butts) a ludicrous $1,200,000 per coin.

If the cycle repeated again, that $1.2 million dollar bitcoin would crash down to $180,000 before beginning a move to $36,000,000 per coin which would take bitcoin's market cap to *above* the total value of money on Earth.

This would logically lead to a nasty crash down to 15% of the value, or a final fluctuating value of about $5M per bitcoin.

Now this assumes the fractal will keep the same severity of movement through the echelons. Likely, it would flatten out and the movements would become less severe through each successive macro-movement, leading to final bitcoin stabilization.

Just be aware that a final value of $5,000,000 is by no means set in stone for bitcoin, especially if it becomes the default reserve currency of Earth.

Okay.. um... yea... so ... i think if bitcoin hits the 100K + per coin range, then people are not going to "sell" to get fiat. You'll just buy whatever the fuck you want with bitcoin. At which point then you can simply buy a house by the beach for like 6 coins. thats my opinion.