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RE: $1 Million Dollar Bitcoin, Really? (Convince me for a chance to win SBD inside!)

in #contest7 years ago

The growth of Bitcoin over the last year has been a huge shock ! It is hard to compare Bitcoins growth with anything else in the last 10 years. The company that is currently valued the most on the stock market is Apple. I am certain that Bitcoins overall share value will become higher than Apple. There is no way a share price can keep rapidly increasing month after month for another four/five years when it has already had a huge amount of growth. I also think that the growth of other cryptocurrencies like Electrum and Ripple will take away the focus on Bitcoin. How can people remain so interested in Bitcoin when they have an opportunity to invest in newly formed cryptocurrencies? I expect the share price to be at least 10,000 per bitcoin by the end of next year, however I cannot see it being any higher. Going into 2019 I believe that Bitcoin will be static for a good six months. No other Cryptocurrency will even come close to Bitcoins value once it hits 10,000. Bitcoin success was a one off. I think it was because the currency was brand new and not like anything on the market before.

I would love to hear your views ! I do not know an awful lot in terms of the mining side of things, however I have spent a lot of time monitoring the share price.