Quote from: Wilhelm on March 15, 2019, 02:39:34 PM

Quote from: hawkins on March 15, 2019, 02:21:10 PM

true or not, no one knows that. but we all still expect very high prices to occur. but, within 4 years, it is quite difficult to think about it, especially if there will be another FUD that will make people doubt. but we all expect high prices.

Jan 2013 Bitcoin was $10
Jan 2018 Bitcoin was $14000

That's 140000% increase.

If we bluntly interpolate that towards 2023, Bitcoin would be just under $20M.
So $160k is actually a very reasonable estimate for august 2023.

P.S. FUD has always been around Bitcoin

It is an excellent point of view and, seeing the analysis of the image that is shown, it is not so far from reality. Although the predictions will always be just that, we must add that bitcoin is becoming increasingly popular all over the world, people are getting to know this technology that frames the coin, many executed and nascent projects, show the way to bitcoin.

If we take into account positive news, it is likely that its impact will occur in the long term, the graph that is shown, I interpret it more from a fundamental analysis than from a technical analysis, because most of the fundamental analysts can conclude with those results , considering the possible bearish scenarios, we can not rule them out, we are only in 2019, in 4 more years, it is likely that you have completed the accumulation phase and be prepared for Bitcoin to have new highs.

But you have to remember something very important, Malkiel Burton, author of the book "A random walk by Wall Streeth," he said, that the fundamental analysis falls, when events of a fundamental nature occur, for example: A war, would be sentencing the end of this prediction or projection, since it is a purely digital market and, in a war, it is very likely that faults will occur in the Internet service, Electric Fluid, among others, and the panic that would occur in the operators, which it would generate a general fall in the market.