I think the 50K bull market has not begun yet.
Bitcoin: $6 568
probably in 5 years it will be possible to see this $50,000 price... let us be patient.
So, I think 50K or may be 100k btc is still very far than we are expecting.
as I said, we can reach these prices in 5 years, it will depend on the demand and the regulation of the governments. As the years go by we will see governments adopt regulations that are beneficial to bitcoin and this will bring demand for bitcoin, see that now we are talking about ETF that can be approved still in those months or can be approved in the next years, That means that eventually things will improve for bitcoin.
If a day we see the Bitcoin value at $20,000 people will start to sell everything they own. Only the traders and the longtime Bitcoiners will continue to hold. And since the majority will be selling the price will drop in a short period of time. And the circle will continue, once at $20k again the same thing will happen.
I think you can forget the $50k
Of course.Its true.But donot forget that even if most people sell their bitcoins when it's price reaches 20,000 dollars,still if more new investors come in to the bitcoin market then it's price may remain at that same range.I think you can forget the $50k
I agree, I was explaining to someone exactly that.