Asrael999
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February 01, 2018, 01:49:21 PM

...before going back into bear mode and closing the year around $2.5k...

This prediction is extremely unlikely in my opinion. Many long-term holders, who took
profits during November/December are going to buy back way before that number. Besides,
institutional money will hop in way before that. 2.5k / BTC would be below the break-even
point for most miners...

Too many people are directly incentivized to prevent BTC from falling to 2.5k.

I go out on a limb here and will say that we will never see 2.5k again.
I will be buying BTC with all my remaining fiat money way before 2.5k myself.


Hope you are right, but an awful lot of people told me in 2/14 that we would never see $200 bitcoins again.