i agree that bitcoin price will reach $4000 after halving but the question is after how long?
i don't think it can get there this year. so it can even take until late 2017 to reach $4000 if everything goes right.
What kind of "everything goes right" scenario you are thinking that can bring the price to $4000 until late 2017 or I will extend it until 2020.
Being a bitcoin believer is normal but don't desire too much.
you still don't get it do you?
let me make this as simple as possible for you
21 million bitcoin
7.4 billion people.
trillions of dollars.
some simple calculations would tell you that bitcoin is way undervalued right now, and $4000 is just the beginning.
and it's not going to take 200 years to get adoption, just like facebook didn't need 200 years for it to gain a couple of billion users.
it's more likely going to take 5 years, 10 years maybe, at most.
not 200, not 20, just 5.
you realize that you are talking about the whole humanity here, dont expect every human being
to use bitcoin in just 5-10 years even right now some people havent even had the privilege to use
a shower or a proper spoon, much less a digital currency that is quite hard to understand on how
it works. and please do the calculation for me to see and understand so i can get it too on what you
are talking about.
I bet mark zuckerburg didn't expect 1.6 billion people using facebook, and yet, about a decade after launching his website, that's exactly how it went down.
this is the way adoption works, adoption isn't linear, adoption is exponential.
i agree that bitcoin price will reach $4000 after halving but the question is after how long?
i don't think it can get there this year. so it can even take until late 2017 to reach $4000 if everything goes right.
What kind of "everything goes right" scenario you are thinking that can bring the price to $4000 until late 2017 or I will extend it until 2020.
Being a bitcoin believer is normal but don't desire too much.
you still don't get it do you?
let me make this as simple as possible for you
21 million bitcoin
7.4 billion people.
trillions of dollars.
some simple calculations would tell you that bitcoin is way undervalued right now, and $4000 is just the beginning.
and it's not going to take 200 years to get adoption, just like facebook didn't need 200 years for it to gain a couple of billion users.
it's more likely going to take 5 years, 10 years maybe, at most.
not 200, not 20, just 5.
I will make this simple to you too.
Give me some nice reinforcements to support your claims.
All in all it's just a speculation that you show.
every single adoption curve ever.
adoption isn't a linear process, so don't expect a linear price. A linear or stable price won't happen until adoption is complete.
Adoption has barely even started, so the price will need to grow exponentially too, to keep up with exponentially increasing demand (and DECREASING supply). In fact it's not even surprising to see the price be an exponential function of an exponential function.
now, if you could explain me why bitcoin would be any different?