A Message from Dustin "neverwin" Woolf
Quote:
Originally Posted by neverwin
My Final Warning: Last Chance: Say Goodnight to Cheap Bitcoins:
Hello internet voyeurs, gossip addicts, information seekers, and curious minded killers of time, if you happen to stumble across this message it might mean your life has been "perfectly" or "purposely" positioned with some sort of possibility that could drastically change the trajectory of your current path. Of course most will continue on exactly the same as before reading this message. But for those that feel a spark when they hear the word BITCOIN I have a little story to share with you....
Back in March I made a prediction about the price of Bitcoin and for those that listened your patience is finally being rewarded. Everything I have said before still stands. I was likely a few months too soon when calling a bitcoin surge back in March. The ones who doubted then, likely are still doubting today, but that is all about to change. The majority of skeptics simply do not understand the entirety of this technology or have fooled themselves because of some other biased conflicting interest. Bitcoin's potential and its significance lie far beyond the FinTech industry, and this disruptive technology is about to burst another bubble. This one will be number 4 that I have witnessed. Let's quickly take a look at that history...
The first time I heard of bitcoin was back in 2011 when bitcoin was less than 5 dollars, and boom it shot up to 30 bucks and then for another year or so it went back to 5 dollars. Of course back then I laughed about bitcoin becoming worth anything more than a few bucks back then and simply ignored it.
It wasn't until the beginning of 2013 that it captured my interest again. I started taking it a little more seriously when I watched the price had broken through 30 bucks about a week earlier and was now heading up to 100, and boom within a week hit 260 and a week later back down under 100 and again stayed there for a good 6 months. But this time I started learning about bitcoin. And 6 months later bitcoin starting climbing faster and faster towards the 260 mark and bam within a few weeks after it broke 260, we were looking at 1000 to 1200 dollar bitcoins. This was almost 2 years ago when it went from 100 to 1200 in short order. Since then it has been a slow bleed back all the way down to under 200 a coin again.
So bubble number 1 saw btc take off from $5 to $30. Number 2 from $30 to $266, and then $266 to $1200. I understand it would need to get past $1200 for the same comparisons to be made. The price is just something we can look at to measure and keep score. Whether you have or haven't looked at what this Bitcoin thing is all about, maybe it is time to look a little more closely....stay tuned.....
