It's not prediction it's only statistics for last years. Every bull market bitcoin grow approximently 16x
2011 year : (1$-30$) ,
2013 year: (100$ - 1149$)
2017 year : (1000$ - 20000$)
Last bull market was ended in january and on the statistic bull market continues approximently one year. Bearish maret on the statistic continues approximently 10 mounth and if look on past periods, next bull market begin in october - december 2018. Therefore based on past years can to make computation next price bitcoin:
2020 year: 6500$ x 16 = 104 000$ ?
Guys it's only statics as per past years, don't accept this how accurate prediction future.
Bitcoin is having a lot of problems just to touch the price of 10000 again and you want bitcoin to touch the price of 100000 by the year of 2020? I am not saying that it is impossible, in fact I think that by that time bitcoin will begin to recover but I'm not really sure that such a price is possible so soon.
I cannot see any problem here at all. The problem with people is that they are just so particular on seeing bitcoin just attain some pretty huge height in a short term and then not knowing that all these things are gradual.
You cannot always expect the market to moon every time or recover immediately and what we are seeing now is bitcoin consolidating and probably some level of accumulation going on in the market, however, it is, what is important now is to be taking advantage of the dips in the market and waiting for the long term to see how things would pan out which I believe they obviously will always pan out well for the holders.
I don't see any problems too, and it's totally true that most of the people wish bitcoin fast rise, just in order to make huge profit as fast as possible. I believe in rise of demand, after that price will rise too, but how long we will need to wait is a big question. I said couple times already, next halving is in two years, give it a year more and you will have date when price can rise a lot. This calculation from op is fine, but 2013 was a year after halving in 2012, 2027 was a year after halving in 2016, next halving is in 2020, add one note year and you will get 2021. Everything before that will be just ordinary volatility, we can go over 10k, we will drop back to 5k again, but in 3 years from now we will have much bigger rise than er had last year, mark my words.
