The chart says it all, and most of the details and notes are on the graph.
This analysis is purely based on technicals, although I believe these numbers to be realistic due to:
- bitcoin just getting started - Small amt of issued curency (21M) + increased demand (2017 is the year it started coming to public, many blockchain projects by corporations, ICO's, Cryptos as an asset class coming to the public, even through ETF's and similar, including hedge funds. - Bitcoin gaining GLOBAL traction. Look at google trends. It is not just US. it is around the world - It solves economic problems. Look at bitcoin mining in venezuela. It is huge, as well as other places like Korea. - Decentralized asset class, this is huge along with the fact that tech is growing and has provided things like multiple sources of information, even unbiased. For example, I always invest a certain % of my income but have grown skeptical of investing in US economy long term. - Rising global tensions will cause money to flow from other markets to cryptos - I think market cap will reach 1-2T, valuing it at around $50-100K.. My analysis is conservative. 27-> 81K could be possible with another 300% move upwards. - BTC needs 3400% gains for a 100K valuation. We have seen this level of gains, and much more, already :) - I think BTC will make up a part of large daily volumes of fiat and all other currency exchanges, further driving demand even if people do not want to hold btc long term. - I really believe BTC is the "digital gold", and it is foolish to say this label is unrealistic, from what we have seen technology provide since the 90s. - Lots of ICOs / businesses based on cryptos / ethereum, etc. Once again, does not directly correlate with BTC but BTC is the most popular to exchange for other altcoins, further driving transactions.
Note: - This is not investment advice. - Do NOT invest more than you are afford to lose. - Do NOT put your money in anything you do not understand. - Buy the DIP not the tip. - Do your due dilligence. - You are trading with the market, not against it. - Control your emotions and stay mindful. - ALWAYS Have a plan for your exit, before your entry.
world population frew from 2 billion to 7.5 in less than a century
only 350% it will easily go to 350% again. So 26.25 billion. No big deal right? It may happen in 58 days
@caponmarketcaps, and thats why you need to troll(fool) poor people who may be reading? it doesnt happen again at all. Natrually growth rate is approaching zero. Reward/Risk is decreasing with very USD price increase
fineregex
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@fineregex, so this is no news to you?
note the 0.786 level isnt even touched and only two dumps happend yet in September when there may be 3 again...
caponmarketcaps
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@fineregex, Troll / fool? What are you talking about?
Read the description of my analysis.
fineregex
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@caponmarketcaps, if you believe in 100.000 then you still not suggest to enter now as a sound traders . then you can suggest to enter at 2000 3000 or 5000. 10.000 could happen in a few years. 100.000 could happen in a 100 years but it could also be 0 then and other things grow faster and safer now already.