Nov 2013 saw the price of BTC reach a peak of over $1000. Subsequently, BTC went into hibernation and this number went unchallenged for over 3 years. If the hibernation period, just like the price trend continues to grow, then were not crazy to conclude that the possibilities of staying in this deep freeze for another 6 months are def possible. In fact, historically speaking, if we saw the 3 year winter of 2013-2016 repeat itself today, we could safely say we won't be seeing a new ATH until after Dec 2020. But that's going by price history alone. I think we will see another 5-6 months worth of winter before a revival ensues. And I can see the ATH of 20k being challenged before the end of 2020.
astromaniak
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@cryptospawn, Open your eyes. Next year, by anonymous Lithing network, BTC will be classified as a private coin as a monero and not AML compliant. Exchanges will have a problem. Only Bitcoin SV will be legal.
cryptospawn
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@astromaniak, I see your point and it's a valid one. Off chain transactions occurring outside of the Bitcoin blockchain on these so called "Lightning Network" side chains have been said to be nearly impossible to trace. At least that's what they say today. But please remember that's what they said about the current Bitcoin network when it was first launched. There was all this talk about how Bitcoin was completely anonymous and then one day they found it was all fully traceable. So a year from now they may find that all the side chain transactions on lightning can be fully traced also. But in any case, the side chains are suited only for small transactions making it unappealing to money laundering and criminals of the sort who are looking to hide, steal or defraud a million dollars worth. This will help stave off the regulatory watch dogs a bit.
In the end the whole point is that Bitcoin doesn't need to increase throughput to increase in value. Which means that if Bitcoin encounters regulatory issues because of the lightning network then fixing the issue is as simple as removing the Lightning network or making it fully audit friendly, which isn't hard. In any case if Bitcoin went back to being super slow, people will just keep using it as a store of value and the price wouldn't be affected because that's pretty much all it has ever been. Obviously Bitcoin is not the perfect medium for monetary exchange. Bitcoin is more a store of value today than a means of exchange and I think it's going to stay that way, with the lightning network or without it. That said, I don't see Bitcoin SV or BCH or Bitcoin Gold or Bitcoin Diamond replacing the current king of coins for the #1 spot on the rankings. But hold on to your BSV though because there is room for Bitcoin SV and Bitcoin Cash in this world. I believe your BSV will likely reach $1,000, prob by end of 2020. And if you hodl for 5+ years from now you may even see a 20K BSV.
astromaniak
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Very possible. BTC is not Bitcoin. Now people come to the truth. Real Bitcoin is coming. BTC holders will cry next year. The longer they believe that their BTC is Bitcoin, the greater their losses will be. Wake up! there will be no new ATH at BTC. First target at BSV $ 1,000.