RE: Bitcoin Price Forecast 1/23/2018

Sorry if my comment seemed to be opposing.
Rather than trying to say that what you wrote is wrong, I just wanted to express my point of view that I think needs to be expressed as well.

It seems there is very little talk about the fact that Bitcoin is not a stock - it is not an asset made to be exchanged and used in our monetary system - but rather, it is a concept for a design to replace our current, stagnated, monetary system.
And even if Bitcoins price would drop to zero - by what it has accomplished, it should be regarded as a massive success none the less.

And that doesn't mean that I think what you say is wrong, or that I don't appreciate the fact that your share your insight and/or opinion of what's happening. On the contrary. I'd just like to direct attention of people to the fact that there is more to it.

It is the faith of people in the idea of cryptocurrency and the need of it that brought Bitcoin to this point. And I don't see that faith going anywhere anytime soon.

It is a massive hype and manipulation that follows it. If more people realized that - more people would simply not care about current drop, and would see it as an opportunity to get Bitcoin for "cheap" again. This would create a chain of events.
The drop in price would not be as significant, and the price would rise more rapidly again. Which would reassure the faith in it to those who are in doubt.
And most importantly - it would prove that Bitcoin is not just a fad.
Now, that would be a treat, now that Bitcoin is in futures market.
It would most certainly shut a lot of people up, who should not really open their mouths in the first place.