I am happy to announce that bitcoin is super cheap for the 4-6 years long term investment.
I dont think i am a crazy. I am a computer engineer that develops trading bot called mikabot and interested in math and artifical intelligence.
I believe in math science. The universe has static math formula for the real life.
When I analyzed the mathematics relationship between the past price, I realized that the past prices were interestingly going through logarithmically strong and the price fluctuated in the bell curve pattern.
If you look at the chart, the long-term bitcoin price is in a long triangle. I've got two supports down there. In practice, these two support lines did not work yet.
The reason I draw support lines that don't work yet is the possibility of breaking the long-term price pattern.
I gave these 2 support lines 2 names. It is the support line with the lowest nuclear winter(min3). The support line in the middle is a very strong support line(min2). Strong winter is a new support that can occur with breaking . Nuclear winter is the worst possible scenario in the future.
As an engineer dealing with predictive artificial intelligence systems, I believe the most accurate estimate is the widest range of predictions. I am doing in parallel with this thought.
Starting from the chart above, the possible ranges of bitcoin prices are below.
2019 => Min=3300 Max=70000 (Min2=1462 Min3=471)
2020 => Min=16000 Max=135000 (Min2=2778 Min3=730)
2021=> Min=32000 Max= 207000 (Min2=7000 Min3=1462)
2022=> Min=73000 Max=505000 (Min2=15180 Min3=2770)
2023=> Min=237000 Max=910000 (Min2=34000 Min3=5720)
2024=> Min=605000 Max=1485000 (Min2=86000 Min3=11290)
Now again, let's take a look at how true Mcafee's claims are not based on any sound mathematical and exaggerated claims. In 2019, there will be no more than 70000 dollars and in 2020 it will be maximum 135000 dollars.
According to technical graph; in the earliest scenario, bitcoin 2024 will be able to reach around 1 million dollars.
Yes, the technical chart says it, but there is a reality on the other side: the need for increased energy in the future and the increasing need of electricity exponentially over the years of bitcoin . This reality may cause the price of bitcoin to break the triangular pattern above. The other reality is that bitcoin will always be king?
If the bitcoin is always king, the pattern above is not broken. The place of a system or a concept that we have always seen in history has never been permanent.
Keep this writing somewhere. Maybe I should have written a technique that might be famous in the future.
You are absolutely right, bro