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RE: Bitcoin price, based on the famous "S" curve theory. The move to $100'000 is much faster than you think.

in #bitcoin7 years ago

I would rather like to believe in your analysis. But it appears way too optimistic. There will be serious pullbacks - whether from 8k to 2k or from 10k to 1k - I cannot predict. Even if the price eventually reaches 50 or 100k.

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You are right. There will be some seriously bad months for reasons that we never foresaw. I am an optimistic person. It does seem inconceivable that bitcoin could reach these lofty highs, yet the maths says it will. Go back in time and you will find other projections which were regarded as over optimistic or wrong but came true.

"There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO