I believe you are correct, that we will see wicked low prices.
I thought we would have been through this in oct-nov. But no, it seems to have been pushed off.
The problem with the rhyming is that this next run up is not going to be the same.
I do not expect the dollar to survive the next bitcoin runup.
There is going to be so much financial chaos, that bitcoin will go no bid.
As in, no one will take dollars for it.
Which makes playing the market really hard, because each time you sell bitcoin for dollars might be the last time.
I would just recommend buying as much as you can, as often as you can, but with only money you can afford to lose.
Yea I don't see that happening that quickly. It could, I just don't see it. I see bitcoin making new highs end of 2019 or beginning of 2020.
The problem we are facing is that this is up against the first read ice-age winters.
This winter is going to be bad.
The next winter is going to be like hell frozen over bad.
It is a pretty hard edge.
But still, i think that it should take longer.
However, there are too many forces all coming together at the same time.
Further, i do not feel bitcoin will go no bid because the dollar completely collapses, its just the beginning of the end.
That's a very bold prediction. America is very good at outsourcing debt and hyper-inflation to other countries. I always imagined America as the last economy to crumble, not the first.
That being said I've stated in the past that we are going to see a quadrillion dollar market cap. Not because crypto is so valuable but because USD is so devalued.
Quadrillion dollar market cap, not a question of if, but a question of when.
Trillion dollar market cap?
Well, that depends on how much of the derivative market can squeeze into cryptos.
I hope the financial weapons of mass destruction get left out, and they could be, because of the regulations of moving those funds are heinous and there currently isn't a market mechanism that is approved to move those funds through.