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…