JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 02, 2019, 09:48:06 PM

If we extrapolate the run from 200$ to 20 000$ in just 2 years... Comparing with 2016 the rise from the bottom was 5x, so we get a price of 15K$.

How did 100x turn into merely 5x?

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The interesting part is whether the people will be afraid of another crash like in Dec 2017, when we reach 16-18K area (of course 10-12K will be the first major resistance).

Major resistance? I think it more likely that $10K-12K will be the strong signal for noobmoney to FOMO in.

Looks like 5x was the intermediate play of half way through the bull market price movement (the gradual rise), and 100x is looking at the full range of the exponential price growth period from bottom to top.

Although I will note that BTC prices did not reach any kind of comfortable 5x in 2016 (which would have been $1k as outlined by ivomm), and it was well into 2017 before there was any 5x comfort.

Agree with you, jbreher, that the FOMO at $10k to $12k might outweigh the resistance that will also likely be present at those price levels, if we ever get back there.