This is the generally accepted one:
1. Bitcoin will reach USD10,000 and slightly beyond from now to early or mid of 2018.
This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
This makes no sense.
Price goes to USD10.000
Ok this is definitely on the cards I think. Indeed.
Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
The price surely cannot stay the same if MANY think USD100,000 is on the cards and convert their assets into Bitcoin.
Or are you suggesting that there are going to be handful of dumbasses, the rest of the market completely cashes out (including all Bitcoin miners) and there is no such thing as FOMO from next year onwards.
Dreamland....