I wonder what is the estimated probability for a 100K party within 5 years from today (in regulars opinion).
IMHO, 10%. Granted, going into 2018 I thought that it is close to 80-90%.
IMO $100k per coin will be reached within 5 years.
The road from $100k to $1m will be the same rollercoaster as going from $10k to $100k.
We haven't seen anything yet, consider Bitcoins enormous potential with only
21m ~18m coins.....(mindblowing numbers)
I'll pick up this argument even though I would like nothing more than 100k (or more).
Points:
1. Bitcoin is showing a propensity for too much volatility. It is OK for a $1bil asset to decline more than 80%, but it is different (inappropriate) for a $300-350bil asset. It should have shown a bit more maturity. It did not.
It is still barely hanging within respectable params, but below $2.8K (85-86% decline) all bets would be off.
2. Apart from lightning that is making good progress, what exactly is happening, technology wise? Last time I checked blockchain.com wallet has about 80-90% similarity to the 2014 version.
3. "They" did a job on us with the futures and now gloat about it. No matter, "they" will be the ones to miss more powerful bitcoin when their SHTF.
4. Nobody have a slightest idea where bitcoin is going price-wise and why. A gigantic gap in future valuation estimates (between nothing and 100tril) shows that the matter is not settled even after millions of people first learned of bitcoin in the fall of 2013.