Quote from: ccminer.net on June 24, 2018, 10:49:42 AM

Quote from: Majormax on June 24, 2018, 10:11:47 AM

Quote from: HairyMaclairy on June 24, 2018, 05:51:25 AM

Quote from: mindrust on June 24, 2018, 05:45:30 AM

This shit is headed towards 4k and possibly under $3k.

Next 2 years will be very painful.

We have all done it before and we can all do it again.

Yep. Thats right.

The 2-3 year bear market was set up by December's extraordinary peak (could have topped out at 6-8k by my own estimates, but the CME futures news shot it to the moon). The grind down is needed to wash out the extreme speculation... Before a new uptrend is truly in place, the last 6-9 months' wild speculative buyers need to be whittled down to true hodlers, unaffected by the price moves.

That could take take 2 years and $2.5k price in my stupid-assed opinion.

Hope I'm wrong.

2 years like this means BYE BYE BTC

What are you smoking?

Even if BTC performs in some kind of way that is predicted by Majormax, such as $2.5k in 2 years, that kind of price performance would be no where near to the end of bitcoin. It would be a scenario that is kind of similar to what happened in bitcoin between December 2013 and November 2015 - yet maybe drug out a bit longer, if $2.5k takes 2 additional years to play out from here.

Personally, I don't think such a scenario is going to play out, but I understand that it could, and part of the frothiness in the crypto space overall, that is likely more reflected with alt cryptos rather than with bitcoin would partly contribute to such a $2.5k over 2 more years scenario playing out.

By the way, I am a bit more convinced, now of such a Majormax scenario, playing out that I was a few months ago, and probably I would still put such a scenario at less than 15%.. but my thinking on the matter is evolving a bit to grant more and more likelihood to such a scenario when we see BTC price failing and refusing to bounce and return to UP.