Post
Topic
Board Speculation
Re: Bitcoin Halving Price Prediction $55,000 - $130,000
by
Lucius
on 16/11/2019, 10:58:11 UTC
so with that logic this upcoming rally price should go up to about $300k since last time price went up from $150 (the bottom) to $19900 which is 13166%. with the current bottom being $3200 that means reaching $424,512 which if it becomes smaller we should reach $300k instead

Personally, I'm also thinking in that direction, some things have to change, but it will take time to reach price stability. We can see how easy it is to pump or bring down the price, the market is still very small, and the total MC is just some $150 billion, which is a very insignificant figure compared to the gold or the stock market.

I have nothing against your logic, $300k would be impressive, and even half of it would be an incredible amount. But I always ask myself who or what will drive the next big pump, where the money will come from, will ordinary small investors get caught up in the FOMO trap again?