Quote from: pinky on July 23, 2015, 08:21:47 PM

Quote from: TPTB_need_war on July 23, 2015, 08:13:50 PM

Quote from: pinky on July 23, 2015, 08:12:31 PM

Is your predicton invalid if we get above $315?

I placed my capitulation about $385 - $400. Above $400 I am definitely wrong.

I am just curious, do you think that after final capitulation BTC (& other cryptos) will start a new multi-year bull market?

Absolutely! But it will be very difficult to convince people of that by then, because they will become so pessimistic since they've lost so much money. That is why I am trying convince wise people to stand aside now into dollar cash (not Euros!).

The multi-year bull market is coming because of a stampede into private assets after Europe starts to really implode in 2016. USA will strengthen as a safe haven from Europe until mid or end of 2017, then USA will also implode and private assets will go very high after that.

Don't give up on crypto-currency, just realize this is a market dominated by speculation and thus this speculative downside is coming. Also crypto-currency is still maturing. Bitcoin is not the final answer. Trust me on that insight as I am doing the technology myself.