where do you think it will end this year. I am thinking 6k is a reasonable year end price target, that is just my hunch.
long term I have a very calculated target. global cash and stocks are worth 200 Trillion and I think at least 1% of it would end up in cryptocurrencies. so that gives us 2 Trillion. lets assume bitcoin maintains 50% market share so that gives it 1 trillion market cap. since i said this is long term forecast. I am gonna say that we would have 17.5 million coins in circulation by then. this gives the value to be $57142. now I am thinking this would materialize by 2022.
I think bitcoin reduce value because Chinese market and bitcoin want to cross the 5000$ mark
you are thinking today....the currency is very volatile and moving in 20-30% in any direction is just fluctuation for it. it will ride out this storm :) think long term.
Thank Aliakhtar !
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STOPLooks like bitcoin is pretty well passed the 6k mark now.
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