Quote from: sidhujag on September 30, 2015, 09:51:43 PM

Quote from: smooth on September 30, 2015, 09:46:18 PM

Quote from: sidhujag on September 30, 2015, 09:33:00 PM

Quote from: SmoothCurves on September 30, 2015, 09:29:07 PM

If Martin's model is to be believed. How low can we expect Bitcoin to go? and by When? Is Under $100 in Spring of '16 a safe bet?

I think bitcoin does not go low, he doesnt state anything about bitcoin

Dollar going high is pretty much the same as bitcoin going low, all else being equal.

I dont think we can make that assumption, dollar up in todays world all else being equal usually meant equities would be going down (lower profitability) however they are positively correlated again like prior to the dot com boom/bust. In the same way bitcoin/equities/dollar can be positively correlated even if prices/profits are denominated in the underlying instrument we are measuring.

It just means that as strong as USD may be, bitcoin may be stronger. It wouldnt take much money to make it go up its pretty illiquid (and its not zero sum), so even some profits being taken on USD longs going into bitcoin may help bitcoin be stronger than USD.

Sure Bitcoin can go up, but you need some reason for money to want to go into it. I don't see a reason with the dollar being strong, but that does't mean it can't happen.