Post
Topic
Board Bitcoin Discussion
Re: 1BTC or 1oz of Gold. Which one would you take?
by
SlipperySlope
on 06/04/2014, 23:23:31 UTC
Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall.

Any logic behind the $6K figure? Also why can't it happen in October or November?

Here is my first projection of the next bubble . . .

https://bitcointalk.org/index.php?topic=366214.msg6027236#msg6027236



The crucial, falsifiable, assumption is that the next bubble will be similar in shape to the previous two bubbles. My initial hand-projection of the previous two bubbles aligns the pre-peak bottoms. I assume that we are currently at the bottom of the November 2013 bubble collapse.

If indeed the next bubble peaks in November, then I project the peak price to be $12000 or so.