Quote from: Yaunfitda on April 10, 2018, 09:16:54 PM

Quote from: KuyaBreezy on April 10, 2018, 08:12:20 PM

Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.

Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back.

But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see.

To reach a value of 35k there would have to be a gigantic pile of money pumped into bitcoin. The market cap would probably have to double at least. The trouble I see with that scenario is finding a source for all of that new money. Maybe once the NYSE starts their little operation? Or all of this ETF nonsense finally gets sorted out?

These things don't seem to hopeful to me. It's hard to see bitcoin falling much further from here, but it's just as hard to see it reaching heights as high as 35k