Quote from: skyline247 on July 25, 2017, 09:51:39 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.

Bitcoin will reach $5k before the end of this year. If not, in 2018 surely. The crypto market will continue being chaotic until the mass public adopts it, which will not be for some time yet.
Look at personal computers. They were first brought to the market in the 70's, but it wasn't until the mid-90''s that many households began getting them. If a similar trend happens with crypto, we can expect it to take until the mid 2020's to gain significant traction. Until then, get used to the chaos.

Agree, but since Bitcoin has the only requirement of good connectivity, there is already a huge ground available for the growth. Yes, technically it will remain chaotic for next few years. A large part of the population is already using digital wallets for their fiat funds and thus using Bitcoin won't be a big issue for them. Thus the evolution of computers was a foundation for the upcoming technologies like blockchain.