No don't say a dump is coming. Only post wonderful things about bitcoin in this thread, or it's "off topic".
So without further adieu, here's my latest estimate of bitcoin price forecast, based on my longterm trend line. Thoughts?
2014: $450
2015: $2600
2016: $12,000
2017: $57,900
2018: $236,984
2019: $1 million
I'd expect >$10k before the end of 2015 and >$100k before the end of 2017.
Some serious optimism in here.
I don't think people have quite the correct perspective.
Bitcoin shouldn't replace fiat, it should just build a parallel economy, that does things fiat never could.
This should build over time.
I don't think the internet had a black swan event, it just became more and more central in our lives.
And the companies involved with it became how you made your fortunes.
I think it's all about the start ups, and though some of us have made fortunes on the price appreciating, but the guys making all the money IMO are exchange owners, bitpay and other middle men, and miners who managed to stay ahead of the curve and HODL.
Bitcoin is the future but I don't think it's so important that its price keeps increasing so much. I just want to see it used more every day.
($1m a BTC would be beautiful though, my god beer is on me for life.)
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