Quote from: zarados on July 22, 2017, 10:56:04 AM

Quote from: Dudeperfect on July 22, 2017, 10:12:12 AM

I respect your opinion but 2020 is too much time for Bitcoin to reach $5K mark, I believe that bitcoin will reach $5K in next year itself and in the year 2020, the price is not going to be anywhere below $20K. Yes, this is my personal opinion and might be completely wrong. I agree with you that crypto market is sensitive at this moment and I think the reason is that, it is not yet established and there is a lack of awareness among the users. Recent price fall under pressure of 1 Aug event clearly highlighted that aspect but still, I am optimistic about the average maturity of crypto user will be much higher than that of today.

Agree, we have seen the jump of bitcoin from $1k to $2k and it just need a few month, even now it price already close to $3k, I think bitcoin will reach $5k next year in first semester , and it is true that the user who makes the market very sensitive right now, 1 August news and a different opinion among the users who do BUY or SELL everytime they see the market growing up or down (active trader).

It is out of my understanding that why people are scared of the 1 Aug? All of our bitcoins are going to remain same, the rate is going to remain same & everything out there is going to remain same except the high transaction fees and the delay in transaction confirmation. I can understand that suffering 10% or 30% loss might look scary to those who have a large amount of investments and thus they are under pressure but there is no need to worry for those who have significantly less amount of capital invested.