500k per BTC at this time seems unattainable by most sane persons. This is a long term view showing the exponential growth BTC has seen over its lifetime and based on this past performance how long it will take until we reach 500k.
2013 , and 2018 crash looking similar but could get ugly if same 75% happens and then 5k for BTC before jumping to crazy highs.
adamjordan
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Si
UnknownUnicorn1509152
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So beautiful chart. Thanks :-)
We are very close to correction from 30k to 6k (in the middle of January 2018 ?) .. and then rally to 100k ... we will see :p
nemean
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@totalisimmo, I agree. I was thinking somewhere in the 30-40k range.
leondimitris10
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I'm with you! Lets bubble the bubble!
Arvin_Darred
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@leondimitris10, Lol. in the meanwhile BCH is slowly eating away at BTCs underbelly...
nemean
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@Arvin_Darred, There has been far worse thrown at BTC (IMO) and it has still survived and BTC will continue to ebb and flow.
Also, please upvote. I need rep.
Arvin_Darred
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@nemean, The thing is. No one is throwing any thing at BTC right now. Its just dying on its own. Look at the unconfirmed transactions, the delays in transfers, the fees and costs associated with using it. It did all that to itself. It basically committed suicide.
nemean
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@Arvin_Darred, I don't disagree but that is mostly a short term problem. As in, that has only become a recent problem and we don't that that it will continue to be a problem 6 months from now. Also, we have plenty of room within this channel to dip down in price until a scaling solution or block-size increase becomes an absolute necessity. BCH looks better at the moment but if LN or any of the other 2nd layer developments work out the tides will turn back in favor of BTC. Never a dull moment.
Arvin_Darred
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@nemean, Haha for sure. The only issue at hand is that BTC developers are not willing to implement the changes/solutions required. And therefore it may be a short term problem now, but if there is no willingness to address it then its a long term problem. And even if those changes are implemented, the result would be something resembling BCH. Which is why BCH will win the long run. Dont get me wrong, BTC was a great idea, and it showed the world what blockchain is and can do. But the refusal of its developers to adapt to changing circumstances will be its inevitable downfall.