Post
Topic
Board Speculation
Re: Trace Mayer Predicts Bitcoin Will Hit $27,395 USD By February 2018
by
thecodebear
on 20/10/2017, 11:54:46 UTC
If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february.
Just like last year and this year, all is going smoothly.



Literally the only person I've seen who has speculated this is this Trace Mayer guy.

Bitcoin so far this year has been doubling at a rate of just under 4 months, which is very fast historically for bitcoin, and I expect it to slow down now - though I'm still expecting at least a tripling in value next year. Saying it is going to double more than twice in four months is absurd. That kind of thing hasn't happened since 2013, and since there is much more money in bitcoin now it is very unlikely to rise at such a fast pace again. I guess the only way I could see a short lived boost on that magnitude (percentage-wise) would be if a few big investment firms all start allowing their clients to buy bitcoin through them in a short period of time, which would bring in millions more bitcoin owners in a short period of time.