Friday, 6 January 2017

$1700 per btc by Dec 2017

I predict $1700 by December 2017

it mainly depends on what happens in China.

Yesterday chinese goverment advised people not to think carefully before gambling on crypto currencies ... hence the drop ... seems like people listen to government advice there.   But my guess is they will think about it.. realise bitcoin is gold2.0 and come storming back ..

or another guess is that Stuart made me buy 2 bitcoins at 1000usd each, and that triggered the price drop (according to him) 

long term trend is pretty clear.. might drop down to about $830  before resuming upwards climb ......  https://bitcoinwisdom.com/markets/bitstamp/btcusd  

really though, what are people going to do as they lose faith in Government currencies around the world ?

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