OBVIOUSLY, IT SHOULD BE CLEAR AS DAY THAT BTC HAS LEGS .. ANYONE THINK IT CAN REALISTICALLY HIT THE 50K MARK WITHIN A YEAR? OR IS THIS A BUBBLE READY TO BURST? WHERE DO YOU SEE IT SITTING SUMMER OF 2018?
SPEAK ON IT
SPEAK ON IT
I remembered few months ago people are just asking if bitcoin would hit $8000 to $10,000 before the year ends, that was when the price was around $5,000 per coin and now that it hit the $10,000 people are now asking if bitcoin can hit $50,000 in less than 6 months. I appreciate the enthusiasm of people about the price of the coin but we need to be realistic. Once bitcoin doubled it's price from today other people will think that it is a bubble because of it's rapid increase on prices.
We must consider factors that some people are just waiting for a specific price and will eventually dump their coins usually intervals of $5K and $10K to $50K will pass through it a lot. During these intervals bitcoin's price will take some times before the price stabilize, like what happened when it hit the $10k level in fact until now price is still trying to stabilize. So i don't think $50k by summer of 2018 is feasible.
I don't think that 50k by next summer is very valid either. I have a feeling that we'll be able to hit 20k max if we go with the best scenario for btc (everything goes smoothly, more companies want to support it, etc.). However, it's much more likely that we won't be able to achieve that perfect set. We'll probably run into issues here and there so maybe 15k by summer would make more sense...
I AGREE .. 15K-20K SEEMS MORE REALISTIC. ONE CAN HOPE THO.
