Quote from: Gabrielexas on December 03, 2018, 05:18:28 PM

Quote from: Marbelli on December 03, 2018, 05:12:18 PM

it will never cost less than 2k dollars, its foolish to hope that it will fall so much

Actually according to the data if you look at the image the next average All time high will be in 1.8 year (around 2 years) and it could go close to 50K, so that is good news.

However if you look at the data on the picture and analyse the average crash as compared to the previous all time high before it start the recovery process bitcoin can go as low as between $800 USD to $2,500 USD. So be prepared for this kind of drop and don't rely that the recovery to the next all time high will start in January or even on 2019, it could well start on 2020 only. Be strong and patient.

The problem with all of these comparisons to past growth is since a year ago all prices before were chump change. Do you really believe a move from $31 to $259, or $259 to $1140 is comparable to a move from $20k to $100k+?
If you get to a price point people stop believing in huge future growth, it will go to nothing. We are possibly at that point.