I have voted for >700 at the poll. I expect the price at June 30 in the mid-to-high 700s. It may reach 800, but I'm not sure about that.
Short term I expect a very small correction now. Prices may go to $620 as a minimum, but I don't expect much less than that. I don't think we'll see sub-600 prices the next week.
Bitcoin has been undervalued for a while now. True market cap should be at least 100 billion.
Although I'm getting slightly bearish now, it's only for the short term. I expect the mid-term cryptocurrency market at that 100 billion you are predicting. That would be the consequence if cryptos can conquer a significant market share of the remittance market.
But I expect this not to happen before 2018-20. And I also expect Bitcoin not to be the only big player then. In my opinion Bitcoin can reach 30-50 billion market cap as a maximum, and the rest will be for about 5 other cryptocurrencies (which they are, I don't know; I guess Ripple, Ethereum and Bitshares will be among them).
Wow!!!!!!
You seem to have been really brainwashed by this various alternative crypto promotion schemes.
Yeah, many of those alternative cryptos have a lot of hype, but they are really lacking in meaningful substance that bitcoin has to offer, and that is immutable decentralization... hello? None of the others really have that, even though they try to act like they do. Don't be deceived.
There is some possibility that some cryptos will share some of the crypto market cap, maybe even up to 30%, but there is no real reason to believe, at this point that any of them or a combination will be exceeding that sharing of the space until they can demonstrate fundamentally that they are able to provide anywhere near the decentralized immutability that bitcoin currently offers built in.
Poll
