First I am a beginner and I need an expert opinion.
Everyone knows from the january 2017 bitcoin price went up %900 . Only 2017 was really profitable when we look at the time chart.
And everyone thinks that it will be the same in 2018. But it wouldnt be so easy?
Also market cap went up 130 billion$ in one year.
I looked at companies with highest market cap in Stock markets like nasdaq.
Also it took one year to achieve 100 billion market cap value for that companies.
But for 500-700 billion $ market cap, it took 4-5 years to get that point.
And İs it possible for market cap to expanse 500 billion $ in one year ?
And it s correlated with price right?
2017 is truly astonishing year for bitcoin with more than 800% increased alone, one must think if this can carried over to the next year. But your question is whether we can achieved it again? My thought is that we will still continue to see a surge of bitcoin price, but I don't know if we can hit that kind of increase. My conservative estimate is maybe around 200%, but if we can hit it on the first or second quarter of 2018, then its pretty obvious that we are in the road for another good year. And it boils down how bitcoin demand's should be next year, how many new investors are willing to enter the market. Again, we can't really compare bitcoin to the marketcap of companies, like Apple and Microsoft capitalization. its like comparing apples and oranges.