/biz/ - Business & Finance

my actual price predictions for btc will make most btc holds laugh because it would sound so ridiculous to them. not sure i should even bother trying to explain how prices rise and fall due to underlying fundamentals and the technicals are a reaction/psychology, not a driving force.

i guess i'll give it a shot.

eventually eth will flip btc. it will happen some day. maybe in 10 years, but it'll happen. this will be so cataclysmic for bitcoin that there's really no recovery. million dollar bitcoins will never happen. even without smart contracts and the need for them by ibm/microsoft to solve "the internet of things" problems regarding game theory, eth just scales better than btc as a currency. so there is no long term future for bitcoin: you're going to have to sell in the short term if you want to ever sell at all.

now, people think btc will rise after the fork because it did with bch as people sell the alt coins (btc1) to buy more btc. that is a fundamental axiom that hodlers will NEVER let go of in their minds no matter how wrong it is. you can talk to them all day about replay protection and they won't care so there's no point. everyone else who's just flipping this bubble will shit all over them.

my price for btc in december is $250 to $350. the price again is so ridiculous that hodlers will just laugh. so again there's no point.

just have to wait a few months and see, i guess.

>>3705331
everyone learned from the last fork

bitcoin is for holding not for selling

>>2068033
ok I was just trying to help
good luck