I’d suggest people stop taking in fake news. And visit China for a couple of weeks. Tickets are cheap now. $400 round trip to shanghai. Go see how advanced they are after decades of IP steal. And how much they depend on export. And then see if you still think China is winning the trade war. Or isolation is bad. Trump doesn’t want isolation. The goal is FAIR trade. Most people who take in a lot of fake news prolly don’t travel much. Let alone travel to China.
Norbert and Fx-Game had some great, but civil, responses on this. A few other things just to consider. Just remember the "so-called" analysts are "all-in" on bitcoin and idealists -- not a lot of objective analysis going on. The type of price movement and volatility that would take Bitcoin to $1M, in itself, makes Bitcoin unsuitable as a reliable means of exchange. Even if Bitcoin increases significantly in value, there will be other implications / unintended consequences that will result that we can't even fathom right now that will ultimately impact Bitcoin. I keep going back to the question -- are governments and banking institutions going to just stand back and watch Bitcoin go up, up, and up? No way. Ultimately, these guys aren't going to let themselves get "cut out." And Fx-Game already noted that Bitcoin isn't even the best crypto out there. All of those Bitcoin Cash advocates recognized this which is why they forked. Ultimately, my view is that Bitcoin will end up being the "CompuServe of Crypto." But even if I'm wrong about all of this, Bitcoin needs to hold above $20k before it gets to $1M. And it hasn't done that yet for nearly 2 years.
You're the one that needs to do some basic math. $21 trillion market cap at 1,000,000?! Get off the drugs dude. No way. You pikers are lucky it ever got to 20k.
No thanks, dont feel like staying in the Chinese Gulags on trumped up charges just because Xi had a bad day. What a garbage country. I have respect for Russia even though they are our adversary. At least they are innovators and can develop theyre own shit without stealing it.
Sounds like brain washed by the fake media. The odds of Chinese gulag is far lower than having an accident on your way to the airport. Garbage country. Look at their infrastructure and look at EWR JFK etc. Lol.
I'm not brain washed by anything. If I wanted to be brain washed I go to North Korea or China to get my fill of censored news put out by the state. How much of the internet isn't accessible in China? 50%? Sounds like a dream. Can't wait to visit a country I'd never want to live. By the way you are typing it doesnt sound like you even live there.....not sure why if it's so great.
No, you get off the drugs. It's a 21 Million marketcap. With 1 million of that belonging to Statoshi Nakamoto. With such a low market cap, is part of the reason it is so volatile.
Thanks, your uneducated opinion matters so much to me. Have a great day! That's not a bad prediction, but remember we have strong support at 6K. The same support line that we kept bouncing off of during 2018. If we break 6k, then things will start to look really hopeless for Bitcoin because there is not much support underneath the 6k level except at 3200 which would be about a 50% drop. However I don't think Bitcoin will ever fully crash because we have our supporters, the Darknet buyers that will always support Bitcoin.