blacksun

Bitcoin 8 year forecast

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The white vertical line is Jan 09.
The white horizontal line is my personal estimation for a ceiling in price and adoption.
The blue lines are my personal extrapolation of the range using historical peaks and dips.

A stabilization between 100 000 and 200 000 $ would put Bitcoin between 2 - 4 trillion $ market cap.
This would be relatively small compared to global money supply but still a wonderful achievement.
... and a nice ride :----))

I expect the 2018 bubble to overshoot down to 2 500 $ around falls 2018.
An important aspect of this scenario is a significant decrease in volatility , making then Bitcoin a reasonable option for storage of value.

With all sorts of arguments, some people predict up to a million $ / Bitcoin , while some others predict it to eventually be worthless.
Things often turn out to be a compromise, which is the principle of a "market", and this scenario is my personal vision of this compromise.
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Comments

Very nice prediction, thank you. Personally I think it will be a faster process and will not go as low now.

Otherwise it's very simple. If you want the price to go up, just buy and hold. No fear, do not think too much, just buy and hold and if the price goes down, buy again. Sell or spend only in very small quantities when you really need and when the price is going up. And do not invest your money to 1000 different cryptos, only max. to 10. A huge number of them is a trap too.

If only 5 million people on this world will do that, the price will skyrocket to 100 000 in no time.

The human fear, greed and manipulation are the only reasons of price decrease.
+2 Reply
Barrabert FritzWagner
@FritzWagner, I agree.
+1 Reply
Excellent
Reply
Good work there!
Reply
very nice lines, where is 3000 but? :O
Reply
Good one! I think you're on to something...
Reply
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