Quote from: MarquiseMuseum on November 14, 2018, 04:29:15 PM

should hit local bottom around this level (5800 2018-11-14) before december to february rally. Please read my newer thread on why this global 422bn might not include BTC because of its scalability issues.

The first post in this discussion thread is tracking a BTC 300k in a few years, but this number could represent global market cap because of BTCs scalability problem, so in the end it might not be BTC 300k but a total market cap equivalent at that point in time which would then be in the vicinity of 5 trillion.

We really can't see what will happen on a daily basis and this is a topic that allows us to estimate how bitcoin will be in july 2022. Last week if you asked people if the bitcoin price would go down almost everyone would say the price wouldn't go under 6 thousand dollars but right now we see that is quite possible and the price is very low right now. Compared to that we have no idea what will happen next week neither so it is futile to try to estimate what will happen in july 2022.

I think the clearest choice would be saying "it will be higher than current price" because it feels like there is still 3 and a half years from now and during that time bitcoin will probably go even higher in popularity and adoption and there will be times when the price will go up between now and that time.