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 and perhaps because its new, no cycles to go off of, but I personally believe its cycle low has been achieved and through either cycle, public or private bitcoin will benefit regardless of what usd is doing. Thats me personally though.
He predicts a bottom for private assets in general and Bitcoin is one of these private assets. Can someone please fill me in on his model in regards to being back tested 6,000 years? What data does he have that is 6,000 years old?
why does it have to be a private asset
maybe its a public asset as in its for the people.. i dont htink he can classify bitcoin because its something new.Classifying bitcoin is easy. The definition of private = not public. Bitcoin is not public. Therefore, it's private.