Looks like neither Armstrong nor even iamnotback advised us of BTC's 15% drop last night...
Incorrect. I advised that BTC would be very volatile. I also concurred with a maximum decline to $700, but a more likely decline back to the prior breakout at $788 (which is exactly what happened).
Go read my posts and you will find it.
Please don't lie again about me.
Edit: you will also find where I concurred with $1100 - $1200 being the price to take profits. I have been predicting this perfectly. You just aren't reading all my posts intently.
Someone questioned my honesty in a PM and I replied as follows:
I advise extreme caution in backdating old predictions to make them "better".
I haven't edited any posts to change predictions. (I suggest readers add my posts to archive.org so there is a non-editable record)
If you can't find the predictions I've claimed, it is because you are not treating my posts as a puzzle that has to be solved.
Reading my posts chronologically can reveal what I was thinking more completely, than any one post in isolation.
I did indeed state I didn't think BTC wouldn't fall much below $800 (with the $700 cup scenario being less likely but also possible), I did indeed state the pullback would come near the former ATH and I did indeed state in a response to trollercoaster to expect high volatility but to ride the wild horse because we are in a bull market now.
Sometimes there are people who ask me specifically to confirm my specifics more explicitly and sometimes I do. I am in the midst of traveling since Monday Jan 9, so my posts are quick and sporadic when I get a moment to pop in and post. Nevertheless the above is not backdated.
P.S. thanks for the compliment. I am not trying to claim I am infallible.
Edit: I am too sleepy to go dig up the posts right now for proof. But the last time
coinits challenged my veracity, this is what happened:
You predicted BTC to crash to less than $100 by now. You predicted XMR was a nothing coin. Care to offer your thoughts now?
I have not really been following all iamnotbacks BTC predictions but I am aware of the following predictions.
On October 14th 2014 when the price was around $374 he predicted a sustained BTC decline to $150.
https://bitcointalk.org/index.php?topic=624223.msg9195517#msg9195517It did not get there but it did decline and spiked down close to that on January 14th 2015.
Plz read that post of mine again. I did not write "sustained". I merely called for a bottom in the $150 - $200 range, which ended up being true!
Also I alluded in that post to prior public predictions I had made when it was $600 predicting it would fall to the $300s, which is did!
I made that prediction earlier than that on Oct. 27. Even OROBTC will confirm that I was telling him in PMs to buy BTC in the mid-$600s.
I also wrote this:
Any one buying precious metals right now and not Bitcoin @$700 is an idiot.
He categorically predicted the complete collapse of BTC and XMR.
I have not seen him predict the complete collapse of BTC and I have read a good portion (but definitely not all) of his stuff. Do you have a link to back that up?
Here is proof coinits is lying:
https://bitcointalk.org/index.php?topic=1387214.msg17297476#msg17297476https://bitcointalk.org/index.php?topic=1727852.msg17295418#msg17295418I remember him arguing that BTC will eventually centralize and fall under government control way back in 2014 but even in that scenario BTC would not necessarily collapse. It would probably become some kind of official government quasi-fiat money and would probably be quite valuable.
I have also written numerous times that the centralization of Bitcoin wouldn't necessarily lead to a price collapse.
And I was correct about the centralization. I was also correct in 2013 predicting the blocksize as the future problem and a tragedy of the commons in transaction fees (which my whitepaper will make crystal clear is insoluble for Bitcoin).