Post
Topic
Board Speculation
Re: Bitcoin price cycles
by
Fakhoury
on 18/06/2016, 20:31:27 UTC
Thanks again Raize, thank you Smiley

I found what you said is really well said and perfectly matches with the way we've to think with. What I want to say is, being extremely conservative, from my humble point of view, is extremely great as you will always be ready for the worst expectations, and since we are talking in numbers here, so it's $10K in Dec. 17 and $60K in 2020/2021, and I KNOW, it's guesses and speculation.

Don't worry, for me at least, I'm an investor, not a seasoned or day trader.

I didn't look into the turtle strategy yet, but what I think it's about is, to go slow and steady better to go fast and be non-sustainable.

If you don't mind, I want to ask you two more questions :

1. I don't know if I've stated this before for you or not, as you may know, the money in circulation in China deposits (I think) is $22 trillion and our market cap is $12 billion, and I highly guess you are aware that China is in love with Bitcoin, so don't you think that we will say at least like $1 trillion moving into Bitcoin, or lets say $500K billion as also China is addicted to gamble on things that get them high returns and don't forget the network effect, what you think ? We didn't talk about China much in our talking.

2. Since you are aware about PwC and Blockstream, they somehow have influence on Core and I've read a medium article that somehow they could benefit us (in terms of price), so in the light of this, what do you think about this (http://bravenewcoin.com/news/bank-of-england-and-pricewaterhousecoopers-partner-to-explore-putting-fiat-currency-on-a-blockchain/) ?

Thank you buddy and waiting to hear from you as always, ASAP Smiley

On the other hand, my friend, hacknoid, congrats. on achieving $1,000 CAD, my timing was bad I know Cheesy Tongue, but I knew that we would get there Wink

Edit 1 : Dear Raize, what you think about this and about Vinny in general ?