I feel like that is a stretch. $5k is more what I would be thinking. A lot of it just depends on if BTC is able to hit that $100k mark.
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I feel like that is a stretch. $5k is more what I would be thinking. A lot of it just depends on if BTC is able to hit that $100k mark.
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Yeah @bozz. I wouldnt ever put out there $27K for Ethereum.
Besides, I think his logic flawed. The fact that the Ethereum to Bitcoin price ratio was 15% years ago and is now 3%, so what? Why does there have to be a correlation? It is just as possible that the ratio drops to 1%.
There is nothing that says they have to be tied together in a matched pair. Bitcoin is operating differently than the rest of the technology based cryptocurrencies.
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Yes, BTC has been acting very different from what many people anticipated. It is probably good to compare and contrast this to past bull runs, but in my opinion we are in all new territory here and I am not just talking about the price. The institutional investments are going to add factors that we potentially have never even considered.
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I think the institutions place a floor on the price pullbacks. They are obviously long term investors with, from what I heard, are moving a lot of the Bitcoin to cold storage. That is not an entity that is looking to sell any time soon.
Some compared it to the run in 2013, based upon the make up of the charts. It could be in for that type of move which would be a 10x of a 10x.
That is why we see the hundreds of thousands of dollar forecasts.
By the way feel free to post some links in this post. This is meant to try and stimulate engagement and conversation.
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Okay, thanks!
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