Godlike Productions - Reply to Thread

Users Online Now: 2,213 (Who's On?)	Visitors Today: 1,197,831
Pageviews Today: 1,632,195	Threads Today: 423	Posts Today: 6,844
01:06 PM

REPLY TO THREAD

Subject 2017 felt a lot like 2013. Could Bitcoin hit $100k in 2018?

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message This guy makes an interesting comparison between the Bitcoin rise a few years ago versus today.

--- 50% rule ----

I was fortunate to be lurking and researching bitcoin during its first epic bull run in the 2012 to 2014 time frame. This move eventually ended with a 100x increase in less than 18 months. Unfortunately (or maybe fortunately) I was NOT participating in buying or trading at that time. But I did learn a lot of lessons that served me well in 2016/2017.

In my opinion there are a lot of similarities between the move in 2013 and the move that started in 2017. If my observations are correct we should see bitcoin hit between $50k/$100k by the end of 2018. Below are a few of the similarities. These should not go unnoticed to those considering entering the space.

Bitcoin Press
Bitcoin Adoption
Bitcoin Network/Ecosystem
Blockchain Advancement
Initial Coin Offerings (ICOs)

Bitcoin Press

Looking back at 2012/2013 there was a lot of new press about Bitcoin that brought it to the public's attention. Most notably there was press about Bitcoins use in dark net markets. There was also the famous (infamous?) adoption of Bitcoin by Wikileaks when they were shut out of the global banking system. This brought the BBTCitcoin brand and value proposition to tens of thousands of new individuals/HODLers around the globe... albeit not always in a positive light.

Fast forward to 2017 and we saw Bitcoin/blockchain press like never before. Eighteen months ago I would hardly find any articles on Bitcoin or blockchain. I'd have to search far and wide to find one. Today there are multiple articles per day on Bloomberg or Marketwatch alone. Searching with duckduckgo will show there are now thousands of new articles every day globally. This is a combination of mainstream media and various blogs/social media sites.
Bitcoin Adoption

The formula is this. Increased Bitcoin press leads to increased Bitcoin interest leads to increased Bitcoin purchase leads to increased Bitcoin adoption leads to increased Bitcoin HODLing. Consider that in the context of Bitcoin Press in 2017/2018. How are the millions of people yet to come going to find any meaningful supply of Bitcoin? It's not going to be easy considering its fixed, limited supply and its passionate and happy base of HODLers. Nuff said...

[link to blockchainbelievers.com (secure)]

:money:

Pictures (click to insert)





\| Next Page >>