đ #BitCoin Journey OverView
âď¸ Ask any oldtimer, and youâll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.
On December 6, with the price at $1100, he said:
Third day in a row I wake up, see charts and ask myself âIs this the end?â and third day in a row answer is âYes.â End of first historical bullish trend 2010-2013.
âď¸ Accurate Foresight of Market Downtrend
âď¸ If thatâs not impressive enough, masterluc predicted a multi-year bear market two days prior, despite the price at the timeâ$1240âbeing an all-time high.
đHe wrote
Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.
Just in case there was any doubt about his prediction, he reiterated on January 31, 2014:
I see price failing leave daily bb borders for too long time. This makes me think that price may enter stagnation like it was jan-may 2012. But for a larger period of time. Probably till next reward halving like it was in 2012.
âď¸ More Than Just Sheer Luck
âď¸ in case there are any who think he might just have gotten lucky, consider that he called the end-of-2013 bubble back in March of that year. Nine months before the bubble peaked, masterluc posted the following chart on the bitcointalk forums:
He stated that Bitcoinâs long-term upper trendline would be âsomewhere above 1000.â
âď¸May 2017âs Rise Predicted in 2015
On May 30, 2015, masterluc wrote:
Also you may estimate in this model how much time till next bubble (~ 2 years in my estimations)
He only missed by about two months, as a quick look at the charts will confirm that Bitcoinâs major surge in price began on March 23, 2017 at $884. At press time Bitcoin is at $4080.
âď¸ Which Range Comes Next
âď¸ Masterluc now predicts that Bitcoin will reach $15,000 before the end of this year. Whatâs more, he believes that Bitcoin will reach a price of $40,000 â $110,000 by the end of this bull run. He gives a timeframe of 2019 for that price target.
âď¸ While these numbers seem absolutely extraordinary, many traders have noted that the recent âbubbleâ doesnât seem so bubbly after all. Bitcoin has not yet gone parabolic as it did at the end of previous bubble cycles.
âď¸ Of course, as any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. Ifâand itâs a big ifâhe is correct, there are going to be a lot more Bitcoin millionaires by 2019.
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