Post
Topic
Board Speculation
Re: What do you think about this chart?
by
rlim475
on 15/03/2018, 16:31:59 UTC
So we're in line for $2k bitcoin  Undecided before moving on to over $100k in a few years time. I would be willing to wager right now that at least one of those things is going to happen. There was a 1.5 year bear period in 2014 and 3 years between ATH's (I believe this was the longest gap in bitcoin's history). A bear period is needed to restore expectations and move funds from the weaker hands to the stronger hands but if we are going down the same path then it's going to be a complete decimation and I think that with the spotlight not very much on cryptocurrencies and bitcoin it would be unsurvivable. Anything more than a 6 month bear period right now (we're already nearly halfway through that) and I think that it really could be the end.

Disclaimer: I'm not saying this to spread FUD, I believe firmly in crypto and don't see that scenario happening, but if it does I do see it being final.