Where did you read that I think it will hit that? (read the posts and context again). By the way: I don't need to dream anymore. My dream already came true! I predicted $7000 in 2013, and that's the price I sold this year.
Its not decentralized , hence a small group of people decides whether to fork it or not as they see fit aka QE ! They created Bitcoin cash after a fork , and they created bitcoin gold after a fork all out of thin air aka QE . Add to that if btc is decentralized then you can say the same about litecoin but litcoin is priced at $70 .
Got to figure out what problem bitcoin solves to value it properly. If you value Bitcoin as a currency, it's worth 0. If you value it as debt tokens used to place transaction on a decentralized ledger then you'll get a proper valuation. Bitcoins are closer to owning a router on the internet than it is to owning cash, yet it's referred to as cash because it's what people understand. Liquidity, security and capacity of the internet is what gives a router value.
Oh... and why is Gold valued 80 times more than Silver, while gold is only 8.5 times more scarce? Same arguments for Bitcoin <> Litecoin.
Lol stupid comparison . And who told you silver will not close the gap and rally in the future that's why I think silver is a buy .
I still own (next take profit point is $12000). And if for some reason Bitcoin dumps to < $3000, I will be a buyer (especially if that happens before 2020).