Bitcoin in reality has been doing AMAZING this year and has built up massive trust compared to last year.
We now have 3 powerful things going for Bitcoin
1 Stability
Bitcoins been trading between $6,000 - $8,000 for months now but more importantly always holding the bottom at $6,000 and never falling below it for more then a few hours. The price has remained very stable compared to what we have seen the in the markets as of late.
The markets have been hyper inflated and now the battles for trade wars are getting worse and worse really damaging the markets and some businesses heavily. We have seen declines of over 20% in some major stocks and volatility is at the highest it has been in years.
Perhaps bitcoin might act as a safe haven now where your money actually grows instead of gets smashed by stupid peoples actions ;) You see its much harder to manipulate something when EVERYONE owns it.
2 - ETF
Yup ETF is most likely getting approved and NYSE will be opening it doors up to bitcoin come December 18th 2018. Your talking upwards of $60 Trillion dollars in the market that even some of it being added to Bitcoin would be a massive boost!
3 - Mining and Growth
Even though the price of bitcoin as gone down it is in fact up over the last 12 months. That plus mining power of bitcoin has skyrocketed from 10,000,000 THs to 40,000,000 to 50,000,000 THs over the last 12 months a 4x 5x growth in mining power for a coin which news will tell you is dead, not secure and has issues lol
You posted this right on time :P
~~~ embed:Bitcoin/comments/9rcgp7/watchtowers_were_merged_into_lnd_today/?st=jnpcnens&sh=2d4e2456 reddit metadata:fEJpdGNvaW58aHR0cHM6Ly93d3cucmVkZGl0LmNvbS9yL0JpdGNvaW4vY29tbWVudHMvOXJjZ3A3L3dhdGNodG93ZXJzX3dlcmVfbWVyZ2VkX2ludG9fbG5kX3RvZGF5Lz9zdD1qbnBjbmVucyZzaD0yZDRlMjQ1Nnw= ~~~
I agree. All of these points and more will support future demand while supply will still remain limited to the 21 million that will ever be created so the imbalance will be on the supply side in the future!
You forgot second layer scaling solutions are maturing by the day
Yeah sure, the next run will be great.
I feel bad for not having more money to buy btc haha
All your points are valid @bitcoinflood. Definitely within 2 years bitcoin will be beyond the reach of average people. Off course it will be sky rocketing. I predict 1BTC= $70,000-$100,000
What do you predict guys?