Post
Topic
Board Speculation
Re: Anyone else think we hitting $10,000 this year?
by
Denker
on 17/04/2016, 08:27:34 UTC
That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.