Quote from: Rassah on November 09, 2014, 07:00:32 AM

Quote from: UnunoctiumTesticles on November 07, 2014, 11:17:26 PM

Then we have Bitcoin which I (Anonymint) predicted (in this forum numerous times reiterated) would decline from $1000 to $150, based on the fact that adoption was declining due to take over by Coinbase, Bitpay, etc (losing network effects) and because all Private assets will align and move down for a bottom in 2015.

But, despite the decline in price, adoption has actually been increasing drastically, compared to previous years, and possibly thanks to things like BitPay and Coinbase, which are reinforcing network effects. Many believe that the decline in price is actually precisely due to increased adoption and increased use of bitcoin that used to be hoarded, but is now spent more easily and frequently, with the end result of more of it being dumped on the market. It doesn't seem like it will be hitting $150, either, though we still have two more months to go.

So, it looks as if your adoption prediction was wrong, and price prediction is in the right trend, but may still be missed exactly, but with the reason behind the price decline being wrong too.

Bitcoin still has another 11 months to hit a low of $150 if we look at Armstrongs ECM model (publc vs private waves)