Quote from: harizen on November 03, 2017, 10:47:38 PM

Quote from: DustyRah on November 02, 2017, 04:02:42 PM

Looking at trends 2 or more years, Bitcoin appears to be headed for $70,000 over the next 3 years though it appears heavily bullish right now. Are there people with charts/trends etc taking us to the $70,000 level over the next 3 years?

If the trend will be continous as in no such thing as correction price, FUD, negative pullbacl then that is possible even in less than 3 years. But that it's impossible that the trend will always go straight without any correction. That's how market works since the beginning.

It's early to think too much high hopes for the bitcoin price. Just enjoy the current state and just desire the target that is closest to reality first. If $70,000 will happened then so be it.

Of course there's no such thing as a continuous parabolic growth although bitcoin has defy the some basic economic laws recently with it rapid increase this year alone. I guess that once we reach $10000 next year we gonna see if we can still press further. We need another breath of fresh positive news that will push it and keeps going. Yes, its not impossible as long as there are new faces coming in and don't want to miss the boat or the hype train. We all hope that we can see it in the future, what remains is that we believed that it can be done despite many roadblocks ahead.