Bitcoin Prediction Update

On December 30th of 2020 I put my third call, one year in advance, stating where I believed the crypto would be by the end of 2021 (e.g., December 31st).

I have made my case all year long against all the so-called “crypto gurus” and more with their predictions of untold riches that were sure to rain down on the crypto faithful (aka HODL’s – hold on for dear life) as the price skyrocketed right out of the gate.

I never changed my position, nor my arguments as to why I believed it was far more important to be informed as to understand the difference between true fundamental market forces – and narrative chasing and illogical belief based on “You just don’t get it!”

That reason why?: Because once the latter loses its efficacy, it’s over. As in really over.

The only addendum I have made concerning my prediction was:

Yes, I may turn out to be wrong on a binary measure. i.e., Was it below $29K on December 31st or not? However, I have made it quite clear that it does not nullify both my arguments, nor where I believed its trajectory to be heading.

I also have stated on the show many times…

Just like on my last prediction in the face of all the other “gurus” arguments for riches. I was the only one proven correct in both trajectory and ending value – I was only off my second prediction by about 6 weeks in a year end, 12 month call prior. My first was spot on in both.

All the assertions above were chronicled in detail on the website and show. Or, as they say today: I have all the receipts, subscribers and readers have all seen them and they’re all in the archives. I don’t need to prove my claims, they’re all there.

I have also said, that if one wants to argue with me asserting something on the idea, that I don’t really know what I’m talking about, because they use the binary of only yes-or-no as a cudgel against me in regards to my on the record calls to bolster their flawed thesis. My response has been and remains: Then please don’t talk to me, read my writings, listen to my show or anything else associated with me because – it’s obvious you are the one hasn’t a clue or, you’re a moron. Period.

Harsh? Yes, but that’s the way this entire crypto, along with far too many other topics concerning markets and more have devolved. It’s been absolutely maddening for anyone with two brain-cells.

So, rather than try to write 1000 more words to explain my continued position and the validity for it. I offer up the following “picture” with notations that tells one all they need to know as to make their own conclusions, as it should be. To wit:

(Chart Source)

The only thing I will add to the above is this…

Based on the current gyrations displayed via the above. It’s quite possible that remaining $5K could be gone even quicker.

But then again, what do I know.

© 2022 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.