A lot of you i see are new to investing. It does't matter what bitcoin does the next 5 to 10 years its going to grow through businesses but doesn't mean it will go up. The best wy to invest in it is through a business not through bitcoin itself. The market will be manipulated by big wigs who will kill the price buy it low sell when it reaches 1000 and constantly let it go down over an over again. Look at gold it should be well over 100k an ounce and its 1200 an ounce over all these years people invested into it. Silver what 15 bucks it should be in the 1000s as well. Rich people will constantly kill the price of it so you wont get rich off of it. But they can't kill the businesses that monopolize the bitcoin market. So if you want to get rich go after a bitcoin business not bitcoin itself. Its gone up to 240 dollars thats pretty good a lot more then what peple expected last few years if it holds this value you should be happy with that.
But I think it can go up to 500 in next 5 years and hold a stable value as the market grows. But expecting 10k a coin wont ever happen big wigs will sell off so it kills the price and then you will see how investing works. They already done it several times over the last year or 2. And also businesses are putting in loop hole fees for buying things with bitcoin now so its not free transactions anymore. But it has a big future maybe in 50 years holding bitcoin will make you rich. I keep reading these articles people think its just gonna go up cause its growing doesn't work that way when the market is easily manipulated over and over again. And its the easiest market to manipulate the people have no identity.
1. a "regular" person cannot easily invest in bitcoin business because 99.9% of them are private.
2. people don't realise that with 'just' 3bil market cap, bitcoin is pretty much useless as a "real" currency.
Currencies trade ~5.3 tril/day, so bitcoin is just too small.
For example, some investment company wants to sell $5 bil $$ and buy the same value of bitcoins without disturbing the price-it simply can't, even if every single owner released all their bitcoins. A single modest size transaction like this would send bitcoin literally into ATH.
3. Serious people thought that bitcoin would become currency-ish at ~$40-50K/BTC
those are the big players, without their demand bitcoin will never skyrocket, if they will start playing with it, the price should increase by x100-x1000 in no time
we really need their influence, bitcoin can't certainly remain in this phase forever, it's a joke investments for kid right now
so going up to 500 in 5 years is meaning that bitcoin failed, that guy can't understand simply math
