R.I.P. BITCOIN, End is Nigh, 2 Year Downtrend Completion..

BTCE:BTCUSD   Bitcoin / U.S. Dollar
The end is nigh. Bitcoin             shall reach a value of Zero between March 1st 2016 and March 19th 2016. R.I.P. Bitcoin             .

Get out now or watch it all the way to the end.

Long term thought is possibly Resurrection after the death of Bitcoin             , so maybe it would be wise to cash out now, hold your cash on the exchanges and when bitcoin             reaches $1, buy everything you can. Let it burn or ride the roller coaster again.

Either way it was fun.
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Using elementary arithmetic and elementary algebra I can arrive by using the USD 2.25 Bitstamp low from the year 2011 and the real peak of USD 995 of January 2015, combined with the recent USD 315 peak from 2015 at a bottom price of USD 0.712, which is more than zero.

Summary: We can't go down to zero, only to 0.712 :)
+1 Reply
ChartArt ChartArt
The highest bottom price I can calculate as possibility using other peaks and bottoms is somewhere around USD 48-50.
bbrox ChartArt
$44, then negative value. In practice nobody knows so it is silly to proclaim. Let's see where there will buyers. Give us more negative news about 4-way split of blockchain on CoinDesk and I will be happy to go long around $2-$7.
You should switch to "log scale". Nothing can reach zero value.
+2 Reply
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