Bitcoinist Analyst Puts His Money Where His Mouth Is… on Bitcoin’s Bottom

The bitcoin price has inspired numerous bets over the years, mainly along the lines of ‘X amount by this date.’ Now, Bitcoinist‘s very own technical analyst, fil₿fil₿, has joined the fun — with a bet on Bitcoin’s bottom. 

It Started With A Diss

The whole thing started when upcoming crypto-analyst @Sawcruhteez tweeted a pessimistic prediction. Unless bitcoin breaks a year-long declining trend-line by May, he suggested, we could see a drop similar to last November. He included a chart of how this may look, with bitcoin price down to under $1000.

Lucid Investments’ Leah Wald then jumped onboard, while plugging Lucid’s Hyperwave theory, which @Sawcruhteez supposedly uses in his trading strategy. She signed off with a provocative challenge:

How y’all feeling bulls?

I Never Thought It Would Come To This

Turns out fil₿fil₿ was feeling just fine, thank you very much — certainly confident enough to oppose any bet that Bitcoin would trade under $1000. His proposed winning condition for the one-BTC bet was…