The bitcoin 2014 crash shortly after August was predictable, since I did predict it. Bitcoin fell in August, but was a little slower then my original prediction, even though the $300 mark was only for a few minutes. I then predicted on Twitter that it was going to crash again and keep going lower. Again, I was right. It hit the high $200 mark. Now I am predicting that there will be a small spike in bitcoin during December. Of course, when the stock market pops, bitcoin will have a rocky time as well.
How did you predict the bitcoin crash of 2014?
It is pretty simple. One major factor in the price of bitcoin is the amount of buying and selling transactions occuring on bitcoin exchanges. Bitcoin is also tied to the economy, so since people usually buy more in December, bitcoin should go up. If the stock market pops, bitcoin should go down, because it affects the economy as a whole.