Re: How high do you think or hope bitcoin price to go up next year?
This year, 2018, the price of bitcoin has been consistently playing around $6000-$7000, but it is expected to rise by the end of the year. It is almost the end of the year. If the price did not move up by the end of the year, how much do you think and/or hope the price of bitcoin to change next year? Can we expect a huge bump or do we have to prepare ourselves for an even lower dip? What do you think?
I do believe 40 thousand dollar is possible. The logic behind that number is just twofold 
.First of all I believe the highest bitcoin will ever go is 60 thousand dollars for now, maybe in the future if something happens with dollar than the devaluation of dollar could cause the bitcoin price to get higher but until than right now the highest it could achieve is 60 thousand dollars since that is the marketcap of stock exchanges of wall street. Now that is the first reason why it won't be anything above 60 thousand dollars, why it will be 40 thousand dollars ?
Because, so far we have always seen bitcoin break its own all time high insanely but usually stay under the stock marketcaps, which means if its going to break the all time high it should be above 20 thousand dollars but if its going to stay under stock marketcap it should be under 60 thousand dollars. Between 20 thousand and 60 thousand the even number was 40 thousand.
For what reason could it not break the stock marketcap? You also fail to account for the fact that the stock marketcap continues to grow each year, if it takes 4 years say for BTC to reach 40k then the marketcap for the stock market might be up a further 50%