Quote from: zend7 on July 25, 2017, 01:40:46 PM

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.

You are being overly optimistic. I don't think that Bitcoin will reach 20K USD in the year 2020. Bitcoin is experiencing a slow and steady growth these days as we all wait to see if any new development will happen on August 1. Bitcoin will continue to rise over the years and the people who will benefit most from this price rise will be the one holding them for a longer time. We are all in time to be these persons, we just have to stop acting impulsively to any pump and dump it may happen to bitcoin price these days. Remember patience is the virtue of the winners

Any such predictions are basically wild guessing indeed

Nevertheless, we should remember that in 2020 there will be the next halving, while the previous one was in 2016. And the price had been hanging around 650-700 dollars per coin before the effect of the 2016 reward halving began to kick in late September-early October last year (i.e. less than a year ago). We saw the price rise to 3,000 dollars, i.e. more than 4 times, so if nothing bad is going to happen during the next years (which a big assumption, really), we could well get past 10,000 dollars per coin in 2020 and later due to halving alone