Post
Topic
Board Speculation
Re: How far is 50k bitcoin?
by
MGBloomz
on 13/08/2018, 13:53:37 UTC
I think the 50K bull market has not begun yet.  We have not been in that silent period with very less volatility though currently volatility is decreasing.  For example, When you starts your trekking, what would you experience?  First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on.  Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet.  Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up.  So, I think 50K or may be 100k btc is still very far than we are expecting.
Your too much excited about on getting there and I think this will take many years before this will happen. Although crypto is full of surprises that investors should be more optimistic that this will skyrocket in the future. I just hope that better price of bitcoin will come for the good of the whole crypto.