Quote from: ivrynx on August 15, 2017, 11:22:31 PM

I think we all know about how supply and demand works, since its only about 20 million, prices will surely go up, i'm pretty sure that by the end of 2017 it already broke the 5k target and by next next we can see a new high for bitoin, and by that time, i believe we'll all be looking forward fpe a new goal like 50k by the end of 2018, which i think is plausible.

Easy my friend. 50k next year is way too much imo!Maybe after halving 2020.
5k and maybe 10k as a short peak this year I would agree with you.
Anything else will probably end with a long correction as we've seen in the past. So instead of going parabolic to five figures in no time, I hope for continuing the staircase model. Moving up a bit (500-1000), correcting a bit (300-700), rinse and repeat.This what we have the last several months and it works pretty good and doesn't harm anyone.
But I know this is not how we will continue moving always. Probably there will be a point in time where we will just skyrocket insanely and see a massive drop and another bear market of 6-12 months or so.Sure in the long run this bear market(s) will just look like small correction(s) of the crazy rise within the next decade.