JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 11, 2016, 07:37:23 PM



You know what my dear friend, sorry for getting off-topic a bit, but when I read your replies, you remind me of one of my best friends ever IRL, I miss him so much, may Allah (God) bless both of you Smiley

Back to topic, there is a guy named something Vinny I guess, wrote a blog post named, Bitcoin 2016 The Awekaning, and it was featured on Zero Hedge.

The guy who copied it to ZH stated that he is type of a guy who knows his shit so well, where if he talks, we shall listen as he predicited a lot of price scanerios in the past and he was correct.

He stated that we MAY visit $1K this year and $3K in the coming year.

I somehow gave him some credibality for what he said, so I asked you to re-adjust your predications depending on this new specualtion.

Did I convince you Grin ?


On May 7, I posted about that article in another location, and my post was like this:


>>>>>>>>>I don't know what to make of the below linked article, exactly, but the author is fairly bullish about bitcoin, and claims that he had predicted Bitcoin's 2013 rise to above $1,000 and it's subsequent fall in price. 

I do take any self-proclaimed soothsayers with a grain of salt; however, currently, the author is predicting $1,000+ in 2016 and $3,000+ in 2017.

I will proclaim that the author's predicted numbers are somewhat similar to mine; however, mine differ a bit in that I'm thinking that once BTC prices go passed $800-ish, then they will likely shoot well passed $1,000 into the $3k to $5k territory and then settle back into the $1,000s..  and then possibly have another run at a later date to go passed $5k into the $10k-ish territory.

I'm quite a bit less certain in my head regarding my own predictions, especially regarding when my prediction  will happen because Possibly I have become jaded by ideas of conspiracy and I do believe that status quo financial and government forces do have some abilities to bring forces to bear to continue to engage in downward manipulation attempts

But, yeah, when my actual prediction occurs (if it does) is difficult to predict with any precision or to know because first of all we gotta get out of the $400s first, if we can?.. which getting out of the $400s will likely take us into the $600s.. and then maybe a correction back to the $500s or even $400s, and thereafter, it could take a while to get out of the $500 to $800 price range.

Anyhow, the below linked article is a decent read:


http://www.coindesk.com/2016%E2%80%8A-brought-bitcoin-awakening/   <<<<<<<



In the past 12 hours, I've been rethinking my own consideration of this topic, and I am kind of thinking that among the better case scenarios for bitcoin would be:

Stage 1:  2016 could bring us highs between $600 and $800 (maybe up to a 50% chance)

and

Stage 2 2017 could bring us between $3000 and $5000 (so long as stage 1 occurs, maybe up to a 25% chance)

I am a bit too afraid to be more optimistic than that, even though I understand very decent forces that could propel bitcoin prices into the stratosphere... nonetheless, if upward BTC price explosions occur any more rapidly than what I am suggesting above and with any more intensity than that, then I have no problem being wrong.