I have prepared a table that I added here below, which contains the statistics of the bitcoin value growth in percentage during the last 3 years : 2015, 2016 and finally 2017. We can clearly see that the bitcoin's value has achieved an exceptional growth this year, knowing that the value is multplied in 4 in 6 months. So, in your opinion how much will be the growth in percentage during 2018 ?
that table seems to be missing important context. bitcoin experienced massive growth in 2011 and 2013. in the context of price action from 2009 to the present, this kind of growth was not unexpected by true bitcoin believers.
the question for me is this: is this another hype cycle followed by a long term bear cycle, as we've seen several times before in bitcoin's history? or is it possible that we are actually seeing the S-curve of technology adoption unfold before our eyes? if we really are following the S-curve like cell phones and the internet, the price is going to go much higher---and fast---due to the extremely limited supply of bitcoins.
a year ago, i never thought i would say this. but i believe million dollar bitcoins are only a few years away. what a time to be alive....
I think Bitcoin has achieved escape velocity now. Awareness of Bitcoin is many times bigger than it was at the end of 2013. Back then it was still an oddity. Now that it has achieved steady rapid upward momentum for many months (instead of short insane spikes that last like two months) Bitcoin is always in the news and for the first time governments are figured out laws around it and businesses are adopting blockchain technology which indirectly helps to legitimize Bitcoin (no matter what detractors try to say about separating Bitcoin from blockchain).
This seems to finally be the start of the rise of up the spine of the S-curve. Growth will only get faster and faster in raw dollar values for the next few years. I don't know where the top lies but I'm guessing it will be north of $500k.
So let's see 2017 isn't over but let's just say Bitcoin grew $15k this year. Next year we should expect a lot more than that, so perhaps $45k growth up to $60k.
$60k seems like a fair guess.
