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Based on the current trend, I guess it will go down below 10K, unless a feasible, usable scaling solution rolls out soon.
The problem is the high fee in the past few weeks scared away many new users.
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The drop is due to the problem of the high fee of bitcoin in December, and many people panic to either cash out or move to altcoins.
It is really urgent that bitcoin come up with a feasible, usable scaling approach in the next 3-6 months. Otherwise I can see things turn out ugly.
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Username: littlewizard
Current Rank: Sr. Member
Current Post count: 374
BTC Address: 115n6RYQjQfDg413TdCkuZ1RDmq4bwgBW3
p.s. I updated signature
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Bitcoin will be the leader for crypto all the time. It brings the technology and all other altcoins copy the idea of bitcoin to some degree. It also has the most public exposure.
10 million has a long way to go, but anything is possible for this world. If it does happen one day, we will have a different world.
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It is a very conservative guess according to the current situation.
We can even go to 50k in 2 years.
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When bitcoin takes a hit, usually altcoins will take a larger hit because people sell altcoin to bitcoin to cash out.
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1 million is 100 times of the current price. I think it is too much, if this is true, Bitcoin has really exploded.
Personally I don't think that will happen in 2020, but it will happen in the latter years, maybe 2025.
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Just mining the fees will be sufficient for miners to profit even now.
In the future with more adoption, the fees maybe even higher.
Maybe sometime in the future the fee in a block will exceed 50 coins.
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In the short term, it is difficult to say whether the futures are good or bad.
However, in the long term, the futures are surely good to expose bitcoin for mass adoption.
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It is difficult to say whether it will reach $15000 or not in 2017, but I am sure it will reach before the first half of 2018.
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The best time to invest is yesterday, the worst time to invest is tomorrow.
If you want to hold for a few years, invest now and hold steadyfast, don't be bothered by the up and downs.
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Facebook is not dead without China, Google is not dead without China, Twitter is not dead without China.
Bitcoin will not be dead without China.
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It is difficult to know the future, maybe a new coin will come out and become the next big cryptocurrency instead of the existing currencies.
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No one is forcing you anyway.  It's up to the user if he will take the risk or not. And it's your money, so no one can dictate on your decisions. It is very right, one's action is based on his own speculation, nobody knows what will happen in the future. It may go to 100k in 2 years, or be burnt down to the ground, the only thing matters is how much risk you want to take. |
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The most common use of Bitcoin is Hodl. Hodling bitcoin really feels good  |
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Such speculation will goes on and on until the real Satoshi is found, or it will remain to be found forever.
It is difficult to say Elon Musk is Satoshi just because he is creative.
There are so many creative people on the earth, especially in the case of software development when a genus just need a pc to make a whole system like bitcoin.
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It is normal, as it is even less in ratio compared with the 1300 to 1000 drop a few years ago.
As it grows, one day we may see 600 Billion drop in one day.
Just hold on..
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