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RE: Why it’s Still Too Soon for Bitcoin to Moon and What’s Likely to Happen Instead (backed by Math)
The most pessimistic target I've seen is $1000 / BTC. Most bears are predicting that it will come down into the 3K range. I'm personally about 90% certain that we will see below 5K before this bear market is over. Tone says that he will know when we've hit bottom when someone like Tim Draper "rage quits" on bitcoin.
Ah you know I was looking for some evidence from the 2013 pump and dump to contradict you, but we are at the baseline right now... and the despair dump of 2014 went to about half the baseline, so 3000 could be spot on.
Then again, perhaps Bitcoin has lost a little volatility. We also don't have a Mt. Gox issue to deal with.
I want Craig Wright to rage quit already