1 BTC=2,00,000 USD by end of 2018

Bitcoin will only grow in the future.

leo23 posted:
I project BTC price to be 2,00,000 USD per BTC by end of 2018.

What does that mean? 2.000.000 USD or 200.000 USD? BTC was never around such prices, but yeah, until 2027 it could go up to 200k; that's still possible.

It’s 2020 and bitcoin is worth much more than expected.

Yes, it is. And it will keep growing in the future.

Talking about bitcoin, it will only grow in the future.

I was wrong in predicting the BTC price timelines may be by 2 to 3 years, because if price of BTC continue to grow in same rate, then we can expect an easy 100K to 200K per BTC shortly.

But short or long pull backs might be expected around 29K, 45K, 58K, 80K and 95K.

95K to 97K might be a strong resistance before breaking through the 100K mark per BTC.

Note that the prices of BTC usually follows a exponential growth pattern and not a linear pattern when it is free from too much government influence, attacks, regulations etc.

It means the BTC price pattern can follow like this 20K, 40K, 80K, 160K, 320K, 640K and finally reaching the 1 M USD per BTC price mark.

So basically 7 steps away from 1 M USD per BTC. This 7 step can be 7 days, 7 Weeks, 7 months or under worst case 2 to 3 years.

NOTE::: This is not any financial advice and never invest anything in BTC which you can't afford to loose. You must be ready to handle any price pull back when you buy BTC. I said it multiple times in this thread since last 4 years in my other cryptocurrency thread and same is true now also. You invest only what you want to keep in BTC for lifetime and don't care whatever the price of BTC will be since in future most probably you will not want to sell your BTC whatever price it may be, because BTC might be the only universal reserve currency for the world.

Yes and its value and prices will keep increasing with the coming years. Who knows where it will end up in the next five years.

leo23 posted:
I was wrong in predicting the BTC price timelines may be by 2 to 3 years, because if price of BTC continue to grow in same rate, then we can expect an easy 100K to 200K per BTC shortly.

But short or long pull backs might be expected around 29K, 45K, 58K, 80K and 95K.

95K to 97K might be a strong resistance before breaking through the 100K mark per BTC.

Note that the prices of BTC usually follows a exponential growth pattern and not a linear pattern when it is free from too much government influence, attacks, regulations etc.

It means the BTC price pattern can follow like this 20K, 40K, 80K, 160K, 320K, 640K and finally reaching the 1 M USD per BTC price mark.

So basically 7 steps away from 1 M USD per BTC. This 7 step can be 7 days, 7 Weeks, 7 months or under worst case 2 to 3 years.

NOTE::: This is not any financial advice and never invest anything in BTC which you can't afford to loose. You must be ready to handle any price pull back when you buy BTC. I said it multiple times in this thread since last 4 years in my other cryptocurrency thread and same is true now also. You invest only what you want to keep in BTC for lifetime and don't care whatever the price of BTC will be since in future most probably you will not want to sell your BTC whatever price it may be, because BTC might be the only universal reserve currency for the world.

You explained your position very clearly. I agree with you in most of the statements. It probably makes sense to buy bitcoin, but not for the purpose of speculative income, but as an investment in the future currency of the world. What if, in fact, after some period of time, the price of bitcoin will be equal to one bitcoin. It makes you think.

So my first target of 40K per BTC has been hit as per exponential price growth expectations.

Next, price targets for BTC are as follows 80K, 160K, 320K, 640K and finally reaching the 1 M USD per BTC price mark.

We can expect pull backs of course in the mean while during 80K to 95K before crossing 100K mark.