Post
Topic
Board Speculation
Re: what will bitcoin be worth in 5 years {2020} ?
by
talkbitcoin
on 07/06/2017, 09:42:18 UTC
after a painful 30% decline that carried BTC’s price below $2000. The most valuable cryptocurrency is up more than three-fold since hitting $900 in March.

maybe my English sucks but i don't like calling these price drops as "decline". it was a massive sell off that was caused by panic and newbie non-believers and more importantly it was because these damn exchanges are too small. selling a couple of thousands causes a big drop!

and even more importantly, it didn't last long.

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Some analysts call it a bubble of epic proportions,
link?

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while the main rival of BTC, Ethereum traded near it’s all time high.
ahhhh, this again! Smiley
ethereum is not even a currency to be considered bitcoin's "rival"...
and don't get me started on the centralization of it!

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The blockchain technology behind Bitcoin is likely here to stay, but it’s hard to tell right now,
the technology is here to stay there is no doubt about it. it is already being adopted by many sectors.

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Bitcoin is currently holding slightly less than 50% of the total value of the coins,
market cap =/= value