Post
Topic
Board Speculation
Re: Will Bitcoin ever go over 600 in next 5 years? (Till 2020)
by
Arv1e
on 20/01/2015, 04:13:33 UTC
first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'


Bitcoin is a reflection of society...a walking zombie.

And society hasn't even arrived ... these are still the more intelligent zombies these days ...

This is almost impossible.

1  most coins are held for the long term
2 As the price drops then it becomes more attractive an investment
3  Far to much money will flood in to buy BTC well before hitting $100

I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely)

So may I suggest you put forward reasons why it will go sub $100 without  a flood of coins being bought?