5 ms·
Based on transaction volume the low is going to be much higher than the low last time around. I'd guess under 2k but over 1k.
by pmorici 9y ago
Based on transaction volume the low is going to be much higher than the low last time around. I'd guess under 2k but over 1k.
- imron 9y agoI think that's a fair guess. I'd also guess there are plenty of people who bought in at around 1k and are thinking to lock in at least some of the gains that were made over the last year. Maybe they don't get 1,900% gains, but 1,000% gains or even 'only' 100% gains in a single year is still an impressive return on investment and so selling anywhere above 2k is going to be a viable choice for many speculators.
- mythrwy 9y agoSince we are leaving predictions set in stone (well after delete comment time has passed anyway) here's mine. Low is around 5K for BTC. Appreciation is much less volatile in the future.
- inciampati 9y agoThat's a reasonable lower bound. I'm guessing based on the previous major corrections in its value. I too look forward to finding these comments in the future.