BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Well, Elliot wave theory on monthly chart with log chart says bitcoin             is going into 5th wave of Elliott .
We all know(maybe not all) that Elliott 5th wave is the highest.
The 5th Elliott wave on bitcoin             can go between 10k and 10M, so who knows?

Due to scarcity, economic collapse probability, uncertainty and manipulation in current economic system, there's a small chance that this could be possible.
Bitcoin             over 10k can happen this year, maybe next year, or, maybe, in the next 10 years.

There could be another crypto created or something else based on blockchain technology that can be very valuable in the future.
Could be dash, who knows?
But for economic transparency, I'd rather trust something that can't be tampered with by central banks, private banks and the likes with fiat currency. We live in fiat world for now, but how long is it going to last?
The wealth transfer going on with fiat currencies and the grid of control built on it puts in question if current system has the best interests for us.

The future of society must be based on transparency and trust and at the moment, bitcoin             is the best current solution.

0ABCDE wave is symbolic, just to be different from I II III             IV V Elliott Bearish wave.
Almost there :)
total trash lmao
+1 Reply
You're ignoring bitcoin's first bubble to $32, which is where A should be placed. That would make $1200 E, and by this logic, the highest bitcoin will ever go.
good for a joke
a slow growth will lead to bitcoin at 400 USD at the end of 2016
what the use of "may be"?
may be in 1 year or 10 year. Who has time for ten years?
Here we go again... Looks like you got a new box of crayons. Stop sullying the waters with the illusion of technical analysis
I think this scenario lies absolutely within the realm of possibility. It happened before and will happen again because adoption continues at an exponential rate. And also: block halving in 2016, this will be an event similar to beginning of 2013.
+1 Reply
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