Post
Topic
Board Speculation
Re: Let me tell you exactly what's gonna happen
by
Biodom
on 08/03/2018, 03:20:46 UTC
Yup I expect this to be 2014 all over again. People are still in denial right now. But they will finally realize 1 year from now when the price is back to $2k. The bubble took 1 year to inflate and now it will take about 1 year to deflate. Unless your a day trader, don't waste your money and invest right now.

Nothing on the market ever happens all over again and 2K in 1 year is as close to impossible as I can imagine.
It could be something close to zero, but not 2K (in one year).
All speculators on this board keep forgetting about the price to produce a single bitcoin (without even counting equipment amortization).

In US it is about $3-4K on average. In 1 year, it would be $9-12K minimum.
You can't have $2K bitcoin when the price to produce one is $9-12K.
It makes no sense economically.