You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Evening Update: A Case for $147,112 BTC Price in 2018

in #bitcoin6 years ago

That's an interesting theory. It COULD happen. However, I'm going to say the outlook is less optimistic for the following reasons:

  1. TAXES & Regulation. The governments and big banks will, no doubt, be taking their overly large share of other people's success - as they have always done. Do you think they are going to let everyone in cryptos become millionaires without some serious resistance?

  2. This year, 2018, is not like 2017. We might get a good, big upward spike this year - but this time it could also take longer to develop the needed momentum. That's because many of the ALT-coins are probably going to turn up as scams and failures - such as BitConnect. Ok, probably not that obviously bad, but many smaller and similar scandals and choke-artists will take their toll on cryptos in the future.

  3. The overall situation with the U.S. Dollar is now worse than it was before. The "money reset" is closer. The "Petro-Yuan" is now in play. It will begin to take its' toll on the U.S. dollar, and it will increasingly disrupt world markets as time plays out. The U.S. Dollar is dead - but most people are just beginning to get used to that idea. There could easily be wars fought over this situation in the next few months or years. Geopolitics will include Black Swan events going forward. By definition, we do not know how or when they will happen, but it's safe to say that humans generally screw things up - especially when it comes to power struggles over the control of money.

Charts are pretty and all, but sometimes they just may not matter in the bigger scheme of things. Right now, we do live in interesting times. Anything could happen.