Post
Topic
Board Economics
Re: TIME FRAME TO REACH $25,000
by
wantjokull
on 07/01/2018, 13:46:41 UTC
Coupled with the rate at which the price of bitcoin has been increasing lately. I'd like to know how long it would take bitcoin to reach $25k since it took it just a year to rise from $1k to $10k(which was pretty cool and fast) but I doubt if it can rise as fast as that again
Things could be as easy as reaching  the new heights just the same way bitcoin did it last time. But now its the time where we have to overcome few of the challenges for example, scaling up issues. This is over the head now and as we can experience, the fees, trasanction speed and confirmations are taking a lot of time. Even after paying the amount of 40-50 USD my transactions are taking longer than half hour which is insane thing. You tell me how people will believe the BTC now and how they will get into it easily? They don't just want to make profit here but they also need some useful stuff with bitcoin for example, faster transactions. This is the sole purpose of the BTC which we re not able to achieve. So lets see what happens in the long run and give bitcoin few months to rise again if it could then we can start speculating about the 25,000 K prices.