BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Wave 5 in the commodity markets are very powerful. Since bitcoin             is half commodity and half currency I believe it will follow the way of commodity markets and behave similarly during wave 5 just as it did at the 260 top. that was a wave 5 move. the 1160 top was a wave 3 so it wasn't as powerful.
Crazy but optimistic prediction :D Got a few bitcoins sitting in my wallet
what goes up it and prognoy $ 700 as he goes in a bear is $ 309 no work
what ... are you sure ?? . i can't believe it ...
Great harmonics, 1 question though, If bitcoin was to go that high who would be buying all of it? that would be 7x the market cap in bitcoins from 1100. I dont think Bitcoin will ever cost that much, i think an idle around 160-1200 is good untill more than 3.5% of the planet adapts bitcoin, that would be a very unwize decision alteast i think to pump your money if your worth a lot into a coin only adolted by 3.5%. Great graph though!
gal99s 759820
Bitcoin going to be 10k$ look
-5 Reply
I vote for 100k. Stop FUDing.
+1 Reply
at 100k it will be more stable, less volatile. that is ideal level
Kilgore user100000
At 100k the market cap would be 2E12, i.e. $2000 billion. The largest market caps for commodities are around $400 billion: is that really realistic, provided that BTC has still a negligible influence in today's good's trade?
user100000 Kilgore
i don't know. is it enough to use bitcoin as a store of value/wealth? could be that is the primary use and only a small percentage is traded. most commodities are consumed, but bitcoin/gold are hoarded mostly
+1 Reply
Kilgore user100000
well, there you're right, as the gold's market cap is about $6.5k billion: in that case that might be (though remotely, IMHO) possible...
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