Quote from: stingray777 on January 11, 2020, 05:09:58 AM

Quote from: TheQuin on January 10, 2020, 12:51:18 PM

Quote from: stingray777 on January 10, 2020, 12:13:45 PM

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Here's an interesting thread on the subject where someone who knows a thing or two makes a good point.

Quote from: theymos on January 03, 2020, 01:11:25 AM

Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era.

Damn this makes it even crazier.. Oh LORD OF CRYPTO!!! Why art though so unpredictable?!

Jokes aside, you got any pointers on what affects BTC price? or lemme rephrase it, does anyone have any idea on how BTC price works?

Next week I think the CME will finally launch Bitcoin Options so you guys can start taking bets there pretty much speculating if you really think it will hit $20K or $100K by the end of the year.

Since the futures platform is regulated you don't need to worry about issues with empty insurance funds to cover the losses if BTC indeed does have a crazy rally from here to about $20-$100K.

However you will see when the bitcoin options launch the premium for crazy calls like $20K+ are all going to be cheap because many are fairly confident that it won't reach that high.

So buying these options is more of like a bet, basically low probability, low risk but very high reward if it actually works out. Kind of like playing dice on 5/100 odds.