do you think it is going to 6000?
bitcoin will never ever go up again
the reasons are:
1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?
2. still high costs.
3. slow.
3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance
and those holding the altcoins dont have reasons to talk good about bitcoin
Man o man.
The bitcoins is healthy as ever.
There are 16 million mined allready.
Most bitcoins have never been spend.
Say 75% of the bitcoins have been made.
The last 5 million will be made the next 130 years.
These 75% were made in the last 8 years.
The last 25% will be made in the next 98% of the time needed to make the 21 million bitcoins.
When demands stay the same, their will be never the amount to keep up with demand, casing pirice rises.
With a 10.000 dollar 1 btc, we need to use the milibtc, to make the milibtc just 10 again.
The 10 milibtc will grow to 10.000 milibtc btc in 8 years again
of the 10.000 mili we make 10 microbtc, the MuBTC.
After 8 years the 10 MuBTC will be 10.000 MuBTC again.
The really had to come down.
This correction was predicted and expected
Like 4 year before.
History of the bitcoin will repeat itself.
Every 4 year you will see a really, followed by a drop.
Then a year hardly anything and a hardly better next.
Then a better third and a good fourth year, with a really towards the end of the 4 year cycles.
After the reward is cut in half again, we have a 4 more years of the same again.
Just like after the really from 2013, we saw the same really in 2017.
Just before the rewards are cut in half, we see the exponential price-rises.
We will see a drop, likely to under 5000 dollar.
Because we came from almost 20.000 dollar
Every four years, just before the end of the 4 year period when the reward is halved.
When btc went from 50 cent reward to 25 cent reward we had a really up to 1200 dollar.
We went back to well under 300 dollar so a quarter.
We had 20.000 dollar so we now go to a quarter again the 5000 dollar or even 4000 dollar.
It will be the whole year a slow year.
People will step out, creating more supply and a equal demand.
a steady line will be followed.
Next year is slightly better, 2019 will be as 2015 4 years ago.
If you like to know what the markets will do, look at 4 years ago.
The really is written in the code of the software.
The next price-explosion will be again in 2021.
The more we will come to the end of 2021, the higher the prices will be again.
The same as 4 years before 2021, so 2017. 2017 will be the same as 2013 four years before.
If things stay the same, demand and supply stay steady, we will see every 4 years a repetitition.
But there are flows.
There could be made a lot of duplicates of Satoshi-dice.
When many gambling sites start to use bitcoins and every push on a button of a slotmachine means an transaction of 1 or just 0.5 dollarcent.
Someone evil could write an attack and make a slotmachine that makes 1.000.000 gambles for only 1 dollarcent.
Copying the slotmachine 10.000 times and have them gambling automaticly.
Or make each pull on the one arm bandit as cheap as possible.
When the bitcoincore is above the 3 terabyte, then all ordinary pc owners will get rid of the core.
Today it is just 150 gb.
When the ordinary public doesn't run the core anymore, and hundreds of slotmachines are using the blockchain and cloak it full with meaningless 0,000000000001 dollarcent pulls at a virtual slotmachine, your cup of coffee will have a hard time to be handled as a payment.
Making bitcoinpayments slower and slower.
But even when conformation takes 4 days.
When the system is save, and it seems to be, even a 4 day waiting is no problem.
The banks used to have need of 4 days for they had their money from place a to place b.
The bitcoin is likely to stay the same.
We enter now the same period of rest, we had seen in 2014.
2019 will be as 2015 not a whole lot better.
So will be as 2016 and 2021 will be as 2017 including a race at the end of the year, before rewards go from 12.5 to 6.25 btcent again
I am agree that there is no reason for panic. It is a good chance to buy more bitcoins and wait when it grow.
