BTC Fundamentals and Long Term predictions

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm horrible at technical analysis but the fundamentals of bitcoin are something I'm very familiar with.

Like rats on a Caribbean Island Bitcoin will experience a hyperbolic s-curve that levels off once it:
1 reaches global forex market saturation (1-10%)
2 approaches 21M limit

Along the way global economic events will create massive bubbles as collapsing economies convert fiat into cryto (presumably BTC ).

As the average price of BTC gets higher, and the collapsing economy's size get biggers, FOMO will make theses bubbles bigger and bigger as well (Red triangles). This is good news though, more opportunity for profit ;D

When the S-curve starts to level off we might see something like this

or this

Its gonna be a wild ride to the top and I hope everyone makes some good money; don't forget to take profit!


Further Reading:

PS - I'm mostly ignoring the first major bubble because of MTGOX shenanigans
Comment: Still in the "channel"
Comment: Wow, nice call here, bounced right off the ceiling.
Comment: Getting close to the top here...


I like your outlook on it. With BTC i feel as though there is a lot of profit taking in its journey to stay above $1k. It's volatility makes it very attractive.
+1 Reply
Hi @The_Goonch , great prediction you did back in Jan! Any further comments at this stage, or have you made your millions and sipping cocktails on a beautiful island :-)
The_Goonch Moondogau
@Moondogau, lol I have made way more money on btc than I ever dreamed. I should update the parabola for better price predictions!
+1 Reply
Getting a little close to the top... correction time?
Well donne man!
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