Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth. The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...
Bitcoin will never reach 400$
Bitcoin will never reach 1100$
Bitcoin will never reach 2500$
Bitcoin will never reach 8000$
Bitcoin will never reach 12000$
Bitcoin will never reach 20000$ <-------- You are here.
Bitcoin will never reach 50000$
Yeah, bitcoin has died a few thousand times until now... Now that regulations are taking place, which is a good thing long term, we might see some short term pullback but eventually it should surpass 20k
''CEO of deVere Group Nigel Green said: Demand for cryptocurrencies is set to sky rocket in 2018 as more people get to know about them and use them, and as the interest of governments and businesses, and more regulation, demonstrate how the market is maturing and becoming ever-more mainstream.''
The total market cap is still minuscule compared to other investment options like stocks or fiat. There is potential to reach 10T+ marketcap, that's when the bubble might really burst or it could go higher, no one knows but the potential is there and it's real.