Quote from: hasemase on July 02, 2018, 12:03:52 PM

I would be happy if we are above 10K.. 100k maybe end of next year

I'm fine with 10k. I'm also fine with 5k and the reason is the long term stability just needs a steady price not the rise so much. I realise we have speculators who want to see the higher price but its best if it just doesnt alter that much. Partly that helps form contract prices and accuracy long term for any business plans, this then encourage business involvement and confidence in planning out a scheme of use for BTC. More users, is bullish and helps long term price appreciation but its better if steady I think.

A price rising 10% every week represents volatility and in a way is a negative dynamic to long term users. Traders on an exchange want to gain in price are not really users, they are the middle men of a sort with a purpose to provide liquidity. But you cant build any solid project with a liquid backbone only so 100,000 would probably represent or describe some negative event.

100,000 is possible but only with a grand decline in US dollar index value I think. So the price while positive would be describing a negative situation and breakdown of one part of the ratio the price describes.

My main bearish concern would be if 5k long term is a feasible operating price for miners or not. Efficiency might become a key dynamic to describing blockchain protocols long term, this might be pivotal to prospects