Post
Topic
Board Speculation
Re: Bitcoin price will hit $250,000 in 2022?
by
pereira4
on 03/07/2018, 16:54:21 UTC
would you believe in this statement?

I think it is a very exaggerated forecast and have no chance of one day reaching this forecast

Can it really rise again on 2022?

the price may go up a lot in 2020, but it will not go up as much as the forecast of $250,000. that is a very high value even, have no chance of reaching that value



There's in no way a crazy valuation by 2020. We are falling again in the same trap as we did when we were in $3000 range in august 2017. "There's no way we will be at $10,000 by Christmas, too soon". Then we hit $20,000. This is how bitcoin worst, it makes you realize that you are thinking in linear terms, and underestimating the exponential growth cycles. The human mind will always fall victim of that. Im not saying it will happen, but it would be a big mistake to claim it's impossible. At the end of the day bitcoin is still tiny, not that much capital is needed to hit 6 figures rather soon.