kevinandhu
Long

Long term BTC/Total crypto market cap forecast

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC             has long term bull run from the end of 2014, from price around 200 boost to 20000 in the end of 2017, 100x return.

How about let's investigate the long term trading view for BTC             , since most of us are personal investors, it's difficult to beat the market in short term, such as frequently daily trading, especially in bear market.

Market cap:
Is it possible to break the all time high market cap around $85B?

I think yes, because of :
$85B market cap is around a major tech company in Nasdaq, in the near future, more and more promising project will be grounding
Crowd adoption is low compare from mature market, more and more people will know and belief how the block chain tech will change the world

Conservative estimation in 2020, the total market cap for crypto market will be more than $3T, 10x times of current market cap.

But time is the magic for 10x, even more.

Let's investigate when?
My prediction shown as the red trend line , I think BTC             or overall market need time to find a bottom, and then the long term bull run will be start.

I think we may need half or one year to find the real bottom(around 3000-6000), in this region, a middle term shake is needed to collect the momentum for long term bull run. my estimation is around 3 month to half of year to shake in this region. so next bull run should be start in the beginning or middle of 2019, when the week RSI touch or below 30, 2 or more times.

Forecast in 2020
BTC             : $50000
Crypto Market cap : $3-5T
BTC             dominance : 20%

solutions :
Fix investment plan for BTC/ALT when BTC             price in region 3000-6000

My picks for your reference:
$ADA
$NEO
$OMG
$BTM
$NAS
$TRAC
$UTK
Comment: Sorry for the typo, all time high should be $830B on 8.Jan.2018
Comment: the pattern almost the same as my predict, but the time period shorter than I expected, we will see the last dip soon for Bitcoin and also the whole crypto market.
My plan is buy in from the middle of Sep. expected the last dip in the Jan of 2019
The market cap now is 353.8 billion with bitcoin at 148 billion
so not sure where you are getting the 85 billion?
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kevinandhu Newharley
@Newharley, sorry for the typo! it's around $850B on 8.Jan for the total market cap.
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