Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made:

http://www.marketoracle.co.uk/Article23786.html

I have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are:

Don't forget my published prediction of the silver move from $22 to $48, then back down to $25 many months before it happened in 2011 (and did you know that I got fucked over in the Philippines not enabling me to profit on my prediction! If I had my investment in an ETF, my sell order at the peak and short would have been honored! Not to mention that most of my metal was stolen by the only vault provider in Manila you jack ass, and there is no way to sue because they refuse to give accurate accounting!):

http://www.marketoracle.co.uk/Article23786.html

Btw, I correctly predicted the low of Bitcoin at $150 first time, and way before it happened. I predicted the fall from the $600s to $300s, and the $150 low. I thought it would deadcat bounce and then go to lower lows, because...

In fact, I mentioned it day before yesterday:


The gold to $850 is still on the table. Nothing with that has changed. As predicted, the dollar and USA stocks went up and the pound crashed towards parity as predicted. This is why gold is back down in the $1200s, on its way probably to $1050 again and lower (we might get a few more deadcat bounces along the way).

Sorry dollar up, gold down. That has not changed.

My mistake was assuming BTC was correlated to gold as a tinfoil hat asset. Because Satoshi even pitched BTC as gold in his whitepaper. And I know many of early adopters in BTC came from being tinfoil hats (including myself and Bitcoin millionaire rpietila). Btw, I had more silver than rpietila and had it not been for my problem in 2012 with my health and family breakup then I would have been poised to invest $100,000 in BTC at $10 in January 2013. I told rpietila to go ahead, but I told him I had been destroyed by events in 2012 and couldn't follow him. That is fate. But my destiny is not yet complete.

Any way, back to the issue at hand, you should remember that in this thread, I told everyone numerous times that it was my theory that BTC might be correlated to gold, but that I wasn't sure and that I could be wrong. And so I was wrong, but I also admitted at the time that I wasn't sure.

Obviously savvy speculators will do other trades such as buying LTC in October as I advised to do. Btw, I also advised buying Monero earlier this year, before it had its massive rise.



The following was written Oct. 27 when BTC was in the low $600s and basically on the day before BTC started its rise after bottoming from the Bitfinex hack:

https://steemit.com/money/@anonymint/speculation-rule-buy-when-others-are-irrationally-pessimistic-cautious