Coin Bureau: ETH will fall

Said on Dec 12, 2022, at 11:51 in the video.

What was said
Coin Bureau

@coinbureau

“if you're wondering what all this means for eth the short answer seems to be that it will be bearish in the short term but extremely bullish in the long term”
Watch at 11:51Crypto News: Tether, Alameda, ETH Upgrade, Cash Ban & More!!
PredictionETHwill fallChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$1,275

Dec 12, 2022

Price at close

$2,203

Dec 12, 2023

Return

+72.8%

S&P 500 +18.2%

ETH closed at $1,275 on Dec 12, 2022. On Dec 12, 2023 it closed at $2,203, a return of +72.8%. SPY returned +18.2% over the same window. The call was that it would fall.

30 days

Incorrect

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

The window it was checked over

ETHWindow checked
$500$1,000$1,500$2,000$2,500$3,000Jun 2022Oct 2022Feb 2023Jun 2023Oct 2023Feb 2024Said on Dec 12, 2022
$500$1,000$1,500$2,000$2,500$3,000Jun 2022Jan 2023Jul 2023Feb 2024Said on Dec 12, 2022

ETH closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Incorrect$1,275Dec 12, 2022$1,389Jan 11, 2023+8.9%S&P 500 −0.4%
90 daysR-DIR v4Incorrect$1,275Dec 12, 2022$1,580Mar 12, 2023+23.9%S&P 500 −2.8%
180 daysR-DIR v4Incorrect$1,275Dec 12, 2022$1,752Jun 10, 2023+37.3%S&P 500 +8.7%
1 yearR-DIR v4Incorrect$1,275Dec 12, 2022$2,203Dec 12, 2023+72.8%S&P 500 +18.2%
3 yearsR-DIR v4Incorrect$1,275Dec 12, 2022$3,237Dec 11, 2025+153.8%S&P 500 +80.0%
5 yearsR-DIR v4Pending——Dec 11, 2027——
Why: 30 days

ETH closed at $1,275 on Dec 12, 2022. On Jan 11, 2023 it closed at $1,389, a return of +8.9%. SPY returned −0.4% over the same window. The call was that it would fall.

Why: 90 days

ETH closed at $1,275 on Dec 12, 2022. On Mar 12, 2023 it closed at $1,580, a return of +23.9%. SPY returned −2.8% over the same window. The call was that it would fall.

Why: 180 days

ETH closed at $1,275 on Dec 12, 2022. On Jun 10, 2023 it closed at $1,752, a return of +37.3%. SPY returned +8.7% over the same window. The call was that it would fall.

Why: 1 year

ETH closed at $1,275 on Dec 12, 2022. On Dec 12, 2023 it closed at $2,203, a return of +72.8%. SPY returned +18.2% over the same window. The call was that it would fall.

Why: 3 years

ETH closed at $1,275 on Dec 12, 2022. On Dec 11, 2025 it closed at $3,237, a return of +153.8%. SPY returned +80.0% over the same window. The call was that it would fall.

Why: 5 years

Not yet resolved. The window closes Dec 11, 2027.

What was said around it

Solutions on par with smart contract cryptocurrencies such as Solana and Aptos more importantly it would put them on a par with payments networks such as visa and MasterCard note that vitalik was talking about crypto payments just recently eip-4844 also known as proto-danksharding was initially going to be a part of the Shanghai hard Fork but has been pushed back to May or June of next year so that ethereum developers could focus on unstaking I reckon that's a reasonable thing to do given the significance of the upgrade now if you're wondering what all this means for eth the short answer seems to be that it will be bearish in the short term but extremely bullish in the long term that's again because Shanghai could result in lots of eth selling whereas eip-4844 will significantly increase scalability if you're wondering what all this means for the so-called ethereum Killers the short answer is that it depends on which one you're talking about if you're subscribed to My Weekly Newsletter you'll know that evm compatible ethereum competitors are looking ever less competitive as ethereum improves that's because the only thing that really separates them from ethereum is their scalability and ethereum

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