$4,850 lowest possible crash price for Bitcoin in 2020
What does the community think?
As already mentioned around the twittersphere, it may be more beneficial to observe the floor, absolute low prices by year to understand the sheer strength of Bitcoin's longterm price appreciation.
Annual LOW prices (floors);
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3200
2019: ytd $3300
2020: 4,900 prediction
10K and beyond thenafter
What does this mean? Well, if you buy today at $4,030, and then you sell at the WORST day in 2020, this worst possible return would be a gain of +20%. Unlucky you?
Going beyond low prices, there is BIG opportunity to be buying now, and it doesn't matter much whether you get in at $5,000, or $4,000, or $3,000, because once we are around $35,000usd per bitcoin, you will have a multi-bagger within three years.
What does the community feel?
P.S. Does anyone have tips for a newcomer to get reputation? (I'm finding little documentation on specific steps/examples)
As already mentioned around the twittersphere, it may be more beneficial to observe the floor, absolute low prices by year to understand the sheer strength of Bitcoin's longterm price appreciation.
Annual LOW prices (floors);
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3200
2019: ytd $3300
2020: 4,900 prediction
10K and beyond thenafter
What does this mean? Well, if you buy today at $4,030, and then you sell at the WORST day in 2020, this worst possible return would be a gain of +20%. Unlucky you?
Going beyond low prices, there is BIG opportunity to be buying now, and it doesn't matter much whether you get in at $5,000, or $4,000, or $3,000, because once we are around $35,000usd per bitcoin, you will have a multi-bagger within three years.
What does the community feel?
P.S. Does anyone have tips for a newcomer to get reputation? (I'm finding little documentation on specific steps/examples)
Comment:
For those who prefer trading...please follow ethies here as he put together what appears to be a nice indicator;
Meanwhile Bitcoin's hashing rate (security) continuously is hitting highs
Lightning network is expanding and increasing decentralization of Bitcoin
Bitcoin's liquidity gets stronger by the year
Bitcoin continuously defeated multi-pronged attacks on it from outside & within
Bitcoin's open source code is protected & improved upon by the brightest in the world.