otokesan

The path to $1 million bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Based on simple fib channel extensions and extrapolating past performance, cyclican price action. Fundamentals never been so strong. Only 2 solutions to resolve current macro picture are hyper deflation (great depresion scenario) or hyper inflation (weimar 1920). Both are based on a fundamental flaw in the fiat money system. Most likely scenario is a mix or pendulum between deflation and inflation . Expanding and smoothing the process of a great deleveraging. This will create bumps but in simple terms this is where fiat is headed.
Comment: *cyclical

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