Legendary Bitcoin trader who was called 2013 bubble and subsequent bear market believes that a wild ride is coming. Ask any oldtimer, and you can find that masterluc is something of a legend in the Bitcoin community.
Bear market in multi year
Masterluc predicted a multi-year bear market two days prior, despite the price at the time--$1240--being an all-time high. He wrote: "Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.” I see the price failing leave daily bb borders for too long time. This makes me think that the price may enter stagnation like it was jan-may 2012. But for a larger period of time. Probably till the next reward halving like it was in 2012.
Masterluc will now predicted that Bitcoin will reach $15,000 before the end of this year. What’s more, he believes that Bitcoin will reach a price of $40,000 - $110,000 at the end of this bull run and he gives a timeframe of 2019 for that price target. As any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is very correct in his predictions. There are going to be a lot more Bitcoin millionaires by 2019.
Bubble to start in May 2017
Masterluc wrote: Also you may estimate in this model how much time till next bubble". He only missed by about two months, as a quick look at the charts will confirm that Bitcoin’s major surge in price began on March 23, 2017 at $884. At press time Bitcoin is at $4080.