I am pretty positive that we will see even sub 300's in a year. People believe that if something bad happens bitcoin would gain value but that is a huge mistake. Bitcoin will take the biggest blow if the economy goes to shit.
Look what happened today. Hillary had an attack and bitcoin got dumped instantly. (Those news were good news for me btw)
So many shit is waiting at our doors and bitcoin will be harmed by some of those.
Maybe it is going to be just the other way round?
Economic crisis will drive people to search for different investment options.
And what do they find.... Bitcoins!
Hard to tell which version will turn out to be realistic. Guess we have to wait and see.
I am saying exactly the opposite. In economic crisis people either search for food/shelter or gold. Nobody will give a damn about bitcoins. Bitcoin is a toy where you can have your fun while everything goes smoothly. Gold is the main currency of the world.
economic crisis does not have to mean post-apocalyptic society.
I didn't see people starving last time we had a major economic crisis in 2008.
Yeah a lot of people lost their job, and some lost their home or had to move to smaller homes, but people didn't massively change their behavior in general.
In fact, bitcoin was created as a direct result of this very crisis, to give an alternative to people who do not want to get their wealth stolen by these engineered crisis that are planned by the rich to make the rich even richer.
Look at the stocks right now.
now to be fair, bitcoin also had a flashcrash, which it's still recovering from. But the past few days bitcoin has been gaining, even though the stock market went to absolute shit.
And that's despite the fact that the Feds are pumping 100 Billion a day into the stockmarket, and none into bitcoin. And yet, the stock market is crashing, and bitcoin is doing fine.
Wait until the financial world catches on, and leaves the stock market for what it is, to turn to bitcoin. And watch all hell break loose.
