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RE: Bitcoin to be worth $25,000 at the end of 2018 and $250,000 in 2022 ?!
The target is higher than 250K if the logarithmic trend and technology advances hold, IMO
Those on the news talking about bubbles do not know what a bubble is. Been saying this is world changing since 2013 and it only continues to prove itself.
When things don't die after 10 years...it is obviously time to start paying attention...
I hope we reach 1 million :-) But seriously nobody can really predict the future that far...
What are your thoughts on BTC hitting 25k this year? I read your article, it's a nice read but you don't seem to believe this is the real recovery yet?
Thanks for your comment.
Cheers
I don’t believe this is the real recovery. The first bottom is usually not the bottom. What i saw were sellers in control the whole way and a little pressure relieved (albeit big percentage pressure bounce). What you want to watch next is where the sellers make a stand and then when it comes back down i want to see some puking panic action for a the bottom.
I am not sure is 25k at the end of 2018 is right, because i am looking sideways all 2018. But it could go from 8k to 25k in 60 days starting 2019 lol
Hmmm if you are right, I will probably just buy more... :-)
But anyway I do think that we might have seen the bottom, it seems like smart-money has re-entered the market since they were no longer able to short Bitcoin lower, interesting to see this play out. Hopefully it's not a giant bulltrap.
To be honest I would have less hope for cryptocurrency without the giant leap upwards, so I'm not sure a lot of people will sell when it drops back. On the opposite this huge pump gave hope and people want in again. I think the weak hands have already been shaken out of the market... :-)