Quote from: dantee1 on August 19, 2019, 09:51:13 AM

This upward movement will be fueled by People's sentiment and other important indicators.

While I agree with you that bitcoin's price is determined by investor sentiment, there's no telling what that sentiment is going to be in 2022, or even next month for that matter. What happens if something comes along that blows bitcoin away? I seriously doubt that's going to happen, but anything's possible in 3 years.

And think about it. Any asset that grows 10X in three years is ripe for a crash--so I'm actually hoping bitcoin doesn't get near $100k that soon. Hell, I'd be fine if it was at $25k by 2022. Ever see what invariably happens to investments that get into an exponential growth phase? Eventually they tank, just like the NASDAQ did in April 2000.

Quote from: adaseb on August 19, 2019, 07:50:09 PM

Whichever social medium I browse like this forum, twitter, Reddit, news sites I am seeing these crazy $50K or $100K predictions and it leads me to be very cautious. Because too many people are bullish and it's never a good thing.

You got that right, bro. I don't think the bitcoin market is anywhere near a bubble, but if it gets to the point where we start seeing threads about people selling their houses and cars and kids' toys to buy bitcoin, it's time to run for the hills.