Quote from: Wysi on January 29, 2020, 02:36:58 PM

Great article and you have mentioned every details clearly which educates us about how bitcoin works and why the value did not reach 6 digit figure till now but I would still not believe that the value of bitcoin will reach 6 digit anytime sooner. Already we have witnessed similar speculations I am not trying to portray this in negative way but there are so many factors which decides Bitcoin's value and even if something goes wrong then market will go downward spiral like it happened in last two year.

This possible "downward spiral" after May, is protected by the increase of the stock to flow ratio, bull market long term steady FOMO & increment of the number of people doing HODL.

2 years ago, was exactly the middle of the 4 year cycle. It was a price that only grew in short term FOMO, without any downward protection.