Quote from: coupable on Today at 10:54:18 PM

Quote from: HabBear on Today at 04:53:44 PM

All of the technical analysis from the past indicates that if we do grow to $100,000 it'll happen in 3-4 years.

If someone looks to the price growth since January 2018, he would surely coclude that the price can multiply in a very short time compared to all other kinds of investment. It's logic to believe highly in the potential of Bitcoin and how it could really make a fortune especially if this one has nothing to do in life but waiting for such opportunities .

Conclusions are as valuable as the data that supports them. If you want to use January 2018 as your starting point for that data. The high price in January 2018 was $19,783. The high price nearly three years later, i.e., December 2020, is $19,850. Therefore we can conclude that the price growth for bitcoin is $67 every three years. By the start of 2024 (the next 3 year period) we can predict, based on the data you want to use, that the price of bitcoin will be $19,917...$67 more than it is today, three years prior.

You need to look at all the data. You need to realize that the balance between supply and demand is not perfectly linear. People have been talking about bitcoin going to the moon next year for nearly a decade...what makes this time different?