Quote from: thecodebear on April 06, 2019, 05:38:16 PM

OP did a good job calling near the top and how are it would fall back in 2017. But obviously way off the mark on the newer bottom call. By Feb 2021 the price will probably be 10x that $2483 prediction.

Glad to see we are out of the bottom now and a few days into the new bull run!

Oh I don't doubt this could go all the way to 10k, but this not a new run-up, and I don't think that was really the bottom.

Look back to Nov 2018 when I posted this chart...

It's a little over simplified but is a broad representation of whats to come.

We'll track back up to around 9.5 but it won't stick and we'll need to come all the way back down to consolidate in the low 3s and then probably even lower as the last hopefuls are shaken out. Thats when you get your $2500 bottom.

From their it's anyone's guess what will happen, but you can guess I've got my very own sponsored by BSV-Bias outlook

So the BTC chain is still crippled. LN is a dead end, SW was built purely for LN. So the only thing left is side chains.

Everyone wanted side chains when they signed up for bitcoin right? Nobody wanted p2p digital cash. I remember It as clear as... oh wait.

Of course they didn't. We all used to think Bitcoin it was great (~2013 the golden era, survived the $32 crash, new ATH, adoption on the up companies taking it seriously!). You would show your mates in the pub, check it out download this wallet i'll send you some BTC, you'd ping it over and it would be ther in a jiffy and you'd say "no banks" and they'd be like. woah!

Then everyone started doing it, and like any good company that has exploding tech that is going to take over the world The Bitcoin Core team got together and planned for a capacity upgrade in plenty of time for... oh no, whats that, we can't scale? really because you sai... and then there were more reasons and fear, and Blockstream came, and there were Hong Kong meetings and they baited with 2-4-8 and then switched to SWSF&LN. Be done in 18 months they said, pinky swear.

Ah happy times when I was a rube. I remember when Josh at BFL got me like that, 2 weeks they said. By the time it got here (over a year late) hash rate has exploded so much that my 15BTC miner managed to get 2 BTC in the 6 months I ran it, before it became a door stop. Did I learn!? Hell no, there is bitcoins to be mined, these miners are waaaaay better. Rinse and repeat, only this time with a refund. Broke even on that. Try a different company... KNC miner told me yeah, no worries we got your miner right here... they didn't, lucky for me BTC was tanking, I got a refund... in BTC.

For others it was Trendon shavers BTCST. (By now I wasn't having any of it). So yeah the block stream stitch up had alarm bells all over it.

Anyway people leverage other people's greed as a means to control them. By the time 2021 rolls around and you've been through your second year of crypto winter, you'll believe anything that you are told by the Bitcoin wizards, if it sounds like it might make your BTC go back up. I mean look how little it took to convince people LN was the answer, despite all the warnings... the white paper explicitly told you it was a custodial network, that it needed massive blocks (which core were never willing to do). That it introduced a bunch of counterparts risk. People. Wanted. To. Beleive.

But WTF do I know.

GLHF!