Post
Topic
Board Speculation
Re: Bitcoin $500,000 by 2020
by
Bloomie
on 15/01/2018, 04:37:50 UTC
Yeah why not, the big test will be during the next downturn.

If people treat bitcoin like gold then yeah it will go crazy very quickly!
We've been through this "big test" since the year end of 2017 but bitcoin has surpassed and there are still more to come. Bitcoin has been treated like the new modern gold and we are storing value with it. I know many are quite disappointed on what's happening to bitcoin. With it's current situation, I can sense that it was like last year that early of January 2017, movement isn't quick but after a couple of months it skyrocketed.

This is important to keep in mind, because not too long ago in 2017 the price of 1BTC was around 1-2k, and for it to have gone up to almost 20k so quickly was a big change and it happened so fast. We all just need to have some patience and in the next couple of months we should see some big growth.

I don't know what the price will be in 2-3 years, but it's possible it could go up that high. We'll see. One thing we know for sure is that it will grow, so we just need some patience.