This is the first wave of the masses guys. It's pulling people out of the woodwork for sure. 2018 might easily see 40-50k/BTC. I have a hard time even saying that b/c it seems nuts to me, having been in this so long, but it's really looking like it's going to be the case and it's really not showing any chance of slowing down. At this point, you're not going to be able to short this, there is way more fiat than there is crypto right now, and you'll be margin called so fast. It'd be a horrible idea.
As it huge pump now what's do you think in 2018?
I think this 2018 will be tough, lot of ICO will coming and other altcoins will make history, as to BTC I think at 60k$ is a possibility, the adoption is getting bigger and this december they released a sample of the lightning network which if this network exceeded the speed (people expectations on the speed of transaction) then many will buy BTC.
Lets say when 3% of the worlds population will adopt BTC, a possibility of 60k$ is possible.
Thats all I can say for now.
This is the first wave of the masses guys. It's pulling people out of the woodwork for sure. 2018 might easily see 40-50k/BTC. I have a hard time even saying that b/c it seems nuts to me, having been in this so long, but it's really looking like it's going to be the case and it's really not showing any chance of slowing down. At this point, you're not going to be able to short this, there is way more fiat than there is crypto right now, and you'll be margin called so fast. It'd be a horrible idea.
As it huge pump now what's do you think in 2018?
It is hard to determine at this moment that its market value is continuously falling due to high transactions. But if it will be able to recover at the end of this year, the probability is high that the increase will be continuous and will be able to reach a market value of more than 20 000 USD next year. So for now, let's just patiently wait and hold until its market value increases.
What are you saying about high transactions?..
High transactions price or the congested network?
I think the reason why BTC, no the cryto is down because this is the holiday season. Even ordinary people are withdrawing from banks because they are buying something or they are giving away money to people or buy real state and appliances. This is the most anticipated holiday of the year and its not because of the high transactions but because its a holiday season IMO.
