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Author Topic: [2017-12-29] From $900 to $20,000: Bitcoin's Historic 2017 Price Run Revisited  (Read 25 times)
PHPSELLER
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December 29, 2017, 07:57:41 PM
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The chart above says it all.

One year ago as of the time of writing, the price of bitcoin traded between $930 and $978 – movements that perhaps set the stage for the cryptocurrency's value to cross the $1,000 on New Year's Day. Indeed, that headline-making development would be the first of many to come for 2017.

In this article, we look at some of the major moments for bitcoin's price during the last 12 months, a period of time that saw the price of bitcoin climb from below $1,000 to nearly $20,000 on the CoinDesk Bitcoin Price Index (BPI).

It was a year that arguably exceeded last year's bullish predictions and one that saw unprecedented interest coming from places – particularly in the finance industry – that some may not have imagined possible just 12 months ago.

Read More: https://www.coindesk.com/900-20000-bitcoins-historic-2017-price-run-revisited/
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December 29, 2017, 10:59:08 PM
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2017 become the most surprising year for bitcoin or for bitcoin users as most of us didn't expect bitcoin could reach over $20,000 within a year, even though the price has corrected to $14K right now, but still pretty high price compared with $980 when we start this year. There are a lot of events happened in this year such as mentioned in the article, but the most significant news that affects bitcoin price maybe because some big financial institutions interested to invest in bitcoin, then bitcoin futures comes up.
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December 30, 2017, 12:28:21 AM
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If you would have told me that this year we would reach near $20k levels, I would probably think you're mentally challenged. It just shows how much impact a higher level of adoption has on this market, and that we're by far not there yet. I am however almost certain that we won't be able to re-experience like 1500-2000% growth rates within a year again. I think we should be happy with a 100% increase at minimum per year, which means that we will almost reach $100k somewhere in 2020 with a few corrections calculated in, which seems quite realistic to me. I'm definitely looking forward to further user and institutional adoption in the coming year. Wink
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December 30, 2017, 02:42:03 PM
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If you would have told me that this year we would reach near $20k levels, I would probably think you're mentally challenged. It just shows how much impact a higher level of adoption has on this market, and that we're by far not there yet. I am however almost certain that we won't be able to re-experience like 1500-2000% growth rates within a year again. I think we should be happy with a 100% increase at minimum per year, which means that we will almost reach $100k somewhere in 2020 with a few corrections calculated in, which seems quite realistic to me. I'm definitely looking forward to further user and institutional adoption in the coming year. Wink

Exactly,who could ever thought that it was possible to achieve such price increase in only one year-and even price is go down from 20k $ level it is still great achievement to be above 10k $ at the end of this year.I also think that we should not be expected to see such high price increase in next year,but some predict 40k $ with correction to 20k $.In my opinion only 50% growth rate would be quite enough to get us to 100k $ at the year 2023,and very close to 1 million $ in next 10 years.

What I still want to see more then price increase in next year is some solution to this insane scalability problem,I doubt we can go ahead while we have this kind of situation.Maybe this is not problem for big players,but for ordinary people who send/receive small transactions it certainly is.

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