Post
Topic
Board Speculation
Log graph of bitcoins growth in price from 2010-18 - ? catch a falling knife?
by
Cryptodaddy05
on 01/04/2018, 06:26:39 UTC
Log graph today of bitcoins price from 2010 to March 2018 - https://imgur.com/gallery/nD4rH

That $6.9K price today at the bottom looks tempting if you believe bitcoin is going to follow the long term growth line on this chart, which to my eye would put it at a cool $1 million per bitcoin in ~ 6 years say 2024 - unless the whole thing crashes and burns of course.

But I honestly can’t see that happening, with increasing use and ownership of bitcoin worldwide and with a team of 200 top developers working on stellar improvements for it so that it’s ready for worldwide adult adoption rates of 5-10% up from the 0.5-1% of us who own it now!

What do others think bitcoins long term growth rate will be or not be, and what are your price predictions for 2024 looking at this long-term log chart? Interested to hear, and anyone buying at $6.9K? They say ‘don’t try to catch a falling knife so I’m waiting and watching!