So Risto, What are your feelings at the moment? I assume now is a great time to buy. When do you think the next rally will take place and what is your estimation on when we will reach the next ATH? What do you think the next ATH will be?
I was thinking that I was surprised, yet again, that you were right about how the price was too high and that we would correct down to $400 or so. Yet here we are. When do we just shut up and stop questioning you?
I was thinking that I was surprised, yet again, that you were right about how the price was too high and that we would correct down to $400 or so. Yet here we are. When do we just shut up and stop questioning you?
- I think it is much more probable (70%) that 400 will hold vs. not. Even if it goes lower, it does not change anything except that price is better for buyers and worse for sellers. There is still exactly the same number of bitcoins in the market and the viability of the technology is exactly the same.
- Yes, it is a great time to buy. If you are thinking of buying bitcoins, you should do it now. Even if you were not thinking, the price is good.
- The tribulation is likely over in a week, at most the sub-500 prices persist until past April 15 (tax sales). In the end of the month we are definitely over 500, probably about at 600.
- We are now at -0.3 log-units in the long term trendline. This situation will persist until the next uptrend launches. Note that the trendline ascends 23% per month and it drags the price up with it.
- After about 2-3 months, we are near 1000 and there is a hurdle to get over it. It succeeds and the rally is ignited, catapulting us to a new ATH of 3000-7000 in July-August. From taking the old ATH of 1163 to making the new, it is only 20-40 days.
Always happy to help
