Quote from: vroomDotClub on December 01, 2016, 07:49:34 AM

You guys have no understanding what bitcoin is if you think, in this unstable financial environment that bitcoin would be less than $3000 is beyond me.

Everybody just spews their prediction with no REASON behind it..

Look Price is determined by Supply and Demand.
Demand is determined by CAPITAL FLOWS from competing markets.

Do you guys realize how small $11 Billion is in terms of financial markets? Honestly?

Apple (1 company) is worth $600 Billion dollars. Paypal ( a completely crap system) is worth $50 Billion and it's totally proprietary.

There is a total of $365 Trillion in world markets including real estate.

Bitcoin is THE ONLY SYSTEM ON PLANET EARTH that is decentralized and trust-less.

Just as a store of Wealth it competes with Gold a $7 Trillion dollar market cap.

The odds of a market cap <$35 Billion next year is LOW..

So take ( $35-$45 Billion / 16 Million ) and this is WORSE CASE SCENARIO price of bitcoin by end of 2017.

If seqwit and LN and a moderate 2mb on chain solution is reached by q1 ro q2 next year this figure will tripple.

I don't want to be rude but I'm a bit miffed at the lack of understanding of Capital Markets and the nature of Bitcoin as an efficient competitor to these markets.

Hope I didn't offend but in my honest opinion you guys should really understand the ramifications of what Bitcoin really is and can do.

During almost it's entire childhood of eight years Bitcoin has beaten down, humiliated and declared dead countless times. Against all odds it is still around and walking though, and finally seems to be picking up some pace (mainly not referring to it's current price).

Now your arguments are the same that are made by people from the very first hour. Bitcoin has an almost Unlimited potential on so many different levels, you almost get dizzy trying to grasp it.

Now for some is hard to look beyond this very rough childhood of Bitcoin, while others are therefore very bullish. If it only gets traction in 1% of just one of these markets..