A Tale of Two Bitcoin Forks (beware the Ides of March)
Here’s what this chart looked like for me when I created it:
Refer also the a chart posted on Twitter by @w_s_bitcoin entitled Bitcoin Hyperbolic Model #Stock2FOMO, which shows that the monthly close (or average?) Bitcoin price should not drop below ~$26k (or $30k) for March 2022, ~$200k for mid-2024, ~$5m by 2027, $10m by 2028, $100m by 2029 and $100 billion by 2030. My chart is consistent with that ‘hyperbitcoinization’. I annotated on my chart the price coming down to $5m by 2026, but it would probably meander and not reach that bottom until 2027 because the end of the major 5th Elliot Wave for the entire Bitcoin history since inception.
Although I have the legacy Bitcoin spiking to ~$500m by 2025, the monthly close (or average) would likely be something more tame $10 – 100m only, which although would be a higher peak in terms of distance from the curve of the Bitcoin Hyperbolic Model compared to its history, we must realize that the curve will have shifted from decelerating to accelerating (an S curve) and thus the price must make larger spikes above the curve to keep up with the acceleration.
This acceleration doesn’t necessarily signal worthless fiats because it will be a two-tiered monetary system wherein most people are not allowed to buy legacy Bitcoin because the transaction fees will be larger than the value of the BTC they can buy (remember Satoshi’s legacy protocol only has 1MB blocks and no SegWit nor Lightning Networks) and because presumably the posited ANYONECANSPEND donations to the miners ‘attack’ that restores Satoshi’s immutable protocol by forcing the non-legacy protocol to fork off, will be perceived by the public and the nation-states as a fleecing of BTC out of the wallets of everyone hodling their BTC in non-legacy addresses on the blockchain. Thus I can imagine the FATF ruling that these BTC are verboten thus making any BTC with lineage containing those donated (i.e. stolen) tokens verboten for interaction with the nation-states’ financial system. IOW, we plebs will not be able to buy and sell those Bitcoin and only those uber wealthy or central banks who sit outside such regulations will be able to transaction with those BTC.
So although the holders of legacy BTC will have say for example 99% of the world’s wealth, they will never spend it on goods and services. Instead they will use it to enslave the nation-states. So we peons will still be able to transact in our 666 central bank digital currencies (aka CBDCs) which although worthless compared to BTC, not worthless compared to the things we need to buy for our daily needs.
Of course this means anyone hodling legacy BTC who is not part of the cabal that foisted this entire paradigm on us, will need to be removed as a threat since with even a dozen Bitcoin they would have the means to destabilize entire nation-states.
Back to my chart, notice the two large arrows. I am relating those two patterns, because the Elliot Wave patterns also correspond. Note that since the low in late 2018, there’s been two divergent Elliot Wave patterns that have formed. One is a terminal impulse, which means it should be bounded by a slightly broadening wedge as I have indicated.
I will hopefully be publishing a detailed blog to explain this hypothesis in more detail, including the theory and game theory of the posited ANYONECANSPEND attack.
Refer also the a chart posted on Twitter by @w_s_bitcoin entitled Bitcoin Hyperbolic Model #Stock2FOMO, which shows that the monthly close (or average?) Bitcoin price should not drop below ~$26k (or $30k) for March 2022, ~$200k for mid-2024, ~$5m by 2027, $10m by 2028, $100m by 2029 and $100 billion by 2030. My chart is consistent with that ‘hyperbitcoinization’. I annotated on my chart the price coming down to $5m by 2026, but it would probably meander and not reach that bottom until 2027 because the end of the major 5th Elliot Wave for the entire Bitcoin history since inception.
Although I have the legacy Bitcoin spiking to ~$500m by 2025, the monthly close (or average) would likely be something more tame $10 – 100m only, which although would be a higher peak in terms of distance from the curve of the Bitcoin Hyperbolic Model compared to its history, we must realize that the curve will have shifted from decelerating to accelerating (an S curve) and thus the price must make larger spikes above the curve to keep up with the acceleration.
This acceleration doesn’t necessarily signal worthless fiats because it will be a two-tiered monetary system wherein most people are not allowed to buy legacy Bitcoin because the transaction fees will be larger than the value of the BTC they can buy (remember Satoshi’s legacy protocol only has 1MB blocks and no SegWit nor Lightning Networks) and because presumably the posited ANYONECANSPEND donations to the miners ‘attack’ that restores Satoshi’s immutable protocol by forcing the non-legacy protocol to fork off, will be perceived by the public and the nation-states as a fleecing of BTC out of the wallets of everyone hodling their BTC in non-legacy addresses on the blockchain. Thus I can imagine the FATF ruling that these BTC are verboten thus making any BTC with lineage containing those donated (i.e. stolen) tokens verboten for interaction with the nation-states’ financial system. IOW, we plebs will not be able to buy and sell those Bitcoin and only those uber wealthy or central banks who sit outside such regulations will be able to transaction with those BTC.
So although the holders of legacy BTC will have say for example 99% of the world’s wealth, they will never spend it on goods and services. Instead they will use it to enslave the nation-states. So we peons will still be able to transact in our 666 central bank digital currencies (aka CBDCs) which although worthless compared to BTC, not worthless compared to the things we need to buy for our daily needs.
Of course this means anyone hodling legacy BTC who is not part of the cabal that foisted this entire paradigm on us, will need to be removed as a threat since with even a dozen Bitcoin they would have the means to destabilize entire nation-states.
Back to my chart, notice the two large arrows. I am relating those two patterns, because the Elliot Wave patterns also correspond. Note that since the low in late 2018, there’s been two divergent Elliot Wave patterns that have formed. One is a terminal impulse, which means it should be bounded by a slightly broadening wedge as I have indicated.
I will hopefully be publishing a detailed blog to explain this hypothesis in more detail, including the theory and game theory of the posited ANYONECANSPEND attack.
Comment:
Can someone please forward a link to this to Alessio Rastani at Youtube. I do not know how to contact him. He has been working on the Elliot Wave of Bitcoin and I am adapting from his work but making the correction about the TERMINAL impulse quagmire.
Revelation in the Bible is coming to fruition.
I hope you understand that there is no way to label Elliot Waves that doesn’t either force a TERMINAL impulse — thus wave 4 (i.e. ‘iv’) has to come down below the top of wave 1 (i.e. ‘i’) — or which puts wave 1 and 2 (i.e. ‘ii’) so high that the ultimate wave 5 (i.e. ‘iv’) will need be in the multi-millions.
But how can we have TERMINAL condition without Bitcoin forking into this diabolical legacy and non-legacy situation? The TERMINAL pattern by itself would appear as though Bitcoin is failing. It would crash from $285k to ~$4k.