BTC to hit $1000-$2000. Now we sound crazy from time to time but I want everyone to remember that 2016 is far more of an important year for BTC then 2015 has been.
1. Bitcoin Halving in July 2. 7 year anniversary 3. More and more users 4. More and more awareness
A lot of investors fear bitcoin because they lack understanding of how valuable the underlying tech is. This is the reason why the value is so low.
Market Cap Evaluations BTC (Currency) MC = 6BN Uber (Private Company) MC = 40BN Amazon (Company) MC = 310BN Apple (Company) MC = 605BN Gold (Commodity) MC = 7TRN
Even If BTC went to nearly the value of "UBER"! 1 BTC = $2556 Thats BTC at 36BN.
BTC has a great future ahead of it as a valuable source of exchange this gives it extreme value.
This is only an idea for all we know BTC could be $0 tommorow (Doubt it)
Don't forget to Follow us and Comment if you have anything to say!
Thank you and have a profitable 2016 (P.S just stay long BTC you'll be fine)
Comments
You23
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fantastic
eniewold
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Seems you were (almost?) right... Just a few more days, perhaps we will make the $1000...
And, did you hold on onto your long position?
oaksacorn
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Where would we be without the haters? As far as analysis goes, I think 406 was it so your red/green divide is spot on in my opinion.
ctombm
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Thanks! Much Appreciated
Corben
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sounds more like a wish than an analysis - eg. '7 year anniversary' will not impact the price anyways
before the blocksize problem has not worked out nothing will happen
ctombm
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I agree with that Blocksize problem, but it will be solved. We should of added the 7 year anniversary with the July Halving. The reason why we added it because investors all around the world care about the number 7 (Its just a point 0 facts are linked to it). Corben I guarantee that this is not a wish, This is valuation analysis. (Analyses the core value of an asset)
We will see when 2016 is over.
MarcelV
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much hopium and 0 analysis
ctombm
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We shall see...
LastBattle
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Uber is another unicorn, you can't compare against that :D
If the S&P were to collapse now, Uber can be as cheap as 5b.
ctombm
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Uber is not in the S&P500? It is a Private Company. also even if it did go to 5bn thats on par with Bitcoin which is a currency so that show undervaluation