This recent boost in Bitcoin is a pretty big deal, but I'm kind of worried because it happened so fast. A lot of people were saying 20k by the end of 2018, but it almost hit it this year just a couple days ago. It is weird thinking that just 3 weeks ago bitcoin was at $7000ish. This massive boom recently makes me worry that the market is being manipulated. Hopefully it is just demand and not manipulation. I just want bitcoin to remain healthy.
$20k by the end of 2018 is just silly and it has always been because it would have been a very small rise (a little more than 2x) but bitcoin has much bigger rises even if we finished 2017 with $9000-$10,000 price, it would have still been a small rise for a full year.
I agree that this rise, specially the jump to $19700 on coinbase was very scary. and as we can see it did not last at all. the price fell down back to $15000ish and I say it is still big but it seems like the market demand is still there. maybe there is some little room left to go down but that is pretty much it. there has been a lot of mainstream adoption lately after all.