Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: raisajahan on January 25, 2021, 02:55:47 PM
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Bitcoin goes in cycles of 4 years, with highs roughly 18X the previous high. For example, the 2014 high was $1080, where the 2017 high was $19300, roughly 18X. If historic norm holds, the third high will happen in early 2022, with price hitting the low $300,000’s before crashing down to somewhere in the mid 100,000’s.
Right now Bitcoin is in the manic stage of rapid ascension, with institutional money flooding in. The 20s boat has already sailed. I would say buy as much as you can afford asap, and then sell 50% after it doubles to recoup your profit, and sell off another 25% after it 5X, and hold onto the rest indefinitely.
I calculated that one Bitcoin should hit $1,500,000+ at the fourth high sometime after 2026. This is when the federal reserves around the world use Bitcoin to lend value to their fiat currencies, like they do now with gold and dollar. An average American should need only 1 Bitcoin to retire. But if you want to retire comfortably, I’d say have one Bitcoin per members of your family (So a family of 4 would need 4 Bitcoin). Bitcoin should generate roughly 6–10% interests, so you’re looking at a six figure annual recurring income if you just bank your 1 Bitcoin on Blockfi or Binance
[Plagiarized from: https://www.quora.com/Will-Bitcoin-ever-drop-back-down-to-the-20s-again/answer/Han-Wu-102]
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Bitcoin will fall back into the 20s, it is impossible at this time. Bitcoin has now taken the form of currency and is becoming famous all over the world.
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Right now it's really hard for Bitcoin to get back to $20,000, logically it can go down from its current price, but not go back to ATH 2017. Now there is much more money invested, more international interest, it appears more in all the news than it appeared in 2017, there is also a lot of institutional money in Bitcoin, there are even some countries (2 that I know of) that are investing state money in setting up their own Bitcoin miners. So the general interest has grown a lot, I do not think it will return to the previous price you have indicated.
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As it is copy paste thread and this user's case has been solved, so this topic has been locked.
I will request him not to copy paste or it is really need to copy, can include source link in the topic.