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you have a good rationale, the truth is that we need a lot of demand, as I said in the post I made in another thread if the regulations are good, if the visa and mastercard accept bitcoin and altcoins, if china modererasse its position in relation to bitcoin, if central banks and commercial banks agreed people buying bitcoin using their credit cards and debit cards, we would easily bitcoin reach $20,000 price. because it would have a lot of demand
Bitcoin in 2018 will not be above 12K...
in the present situation I must agree with you