Amazing prediction! What do you mean by "the price tag of 17k is effectively a drop of honey in a pot of shit"? I believe it is overvalued and as such drops more than 50% from that but still I believe the long term growth will surpass that. Do you mean now we have other cryptos that technically pass bitcoin to have a better value than bitcoin and bitcoin will lose all its value for those other coins? or you mean actually the opposite, bitcoin is the only valuable among the shitcoins?
Would appreciate your feedback as I would regard it as very insightful after your incredibly accurate prediction!
Would appreciate your feedback as I would regard it as very insightful after your incredibly accurate prediction!
Bitcoin Core was completely unusable as a currency at the time of that price. The price tag was the only good thing about it. Transaction fees and the Replace-By-Fee hack pretty much killed the once dear Bitcoin.
Luckily there is Bitcoin Cash, which has turned out to be the king in beggar's clothing, the real Bitcoin. And it has low transaction fees, massive merchant support and safe-to-accept 0-confirmation transactions.
However, when I wrote that prediction in 2015 I was not completely sure what the pot of shit meant. I just knew that there are other much worse things to worry about than the price. And it sure was. Bitcoin was being deliberately crippled and prepared for the transition into a centralized censorship-vulnerable bankster coin. Lightning Network is just smoke and mirrors. So yeah, I personally have changed all my segwitcoin holdings for bitcoins by now (Bitcoin Cash), but I did diversify into other asset classes at the top of the price that I had predicted
