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RE: Bitcoin: No need to panic. Price is where it should be on the “S” curve. $100’000 in 2018 still expected.

in #bitcoin8 years ago (edited)

You, my friend, are an optimist! lol In a perfect world, your prediction is indeed possible. You can make a very strong case for those valuations and we've already seen that when it wants to go up, there's not a hell of a lot that can stop it. That said, there are definitely going to be some serious speed bumps along the way before it gets there. The biggest being, at this point, that they need to get their shit together on fees and transaction times. If they want to be the "gold" standard then they need to get their tech figured out.

Your comment on the "geniuses" though is spot on. These guys have missed out on hundreds of percentage points of gains while waiting for the "correction" to hit. And I agree, chances are this drop didn't take them anywhere near to where they started predicting it to take place. But, heaven bless them, we need them. Without the naysayers, this thing would probably just blow up completely.

In the meantime, we'll just keep Steemin On. Both here and in the markets. Nicely done again! 🎅👍 <----I found the emojis today. :-)

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