Post
Topic
Board Economics
Re: Economic Totalitarianism
by
THX 1138
on 04/11/2015, 13:41:26 UTC
...This past May I predicted the rise to $315 (exactly!) and then a fall down again. I have maintained that Bitcoin will make final lower lows (< $150) roughly on target with Armstrong's benchmark targets for gold, which is in the Spring of 2016.

You will even find where I have been predicting a bounce in Bitcoin since August or so, when gold started to bounce. I can't fathom how you forgot that?

Nothing has changed, except if Bitcoin moves higher into the $500s, then the technicals I was using to target a $380 - $440 bull trap bounce would be wrong. But that doesn't necessary change anything about the < $150 low coming.

Btw, I am selling as fast as I can now!

Let's see who gets the last laugh on this one.

I concur that you predicted $315 in May and that you believed there was the possibility of it going to $440. I sold at the July high at around £315, playing safe that I wouldn't lose out if it never met that figure again before the drop, instead of risking hanging on for the possible $380-$440. OK, I was wrong! Hope I won't be again in not buying during then last few days on the rise to $500 plus? (currently $495). Academic for me as out of the game.