You are viewing a single comment's thread from:
RE: How Well Have Altcoins Recovered From Their Recent Bear Market Lows?
The best you will get from bitcoin at this stage is 2x maybe 3x . Eth is a better but imo but I'm going down down down and filling up with ardor . It never really had a chance initially but I think childchains may be the answer to scalability .
Posted using Partiko Android
I think Bitcoin may go up by a factor of 10 to 20 from by the end of the current bull market, which could be in 2021 or 2022. The BTC mining reward halving is in May 2020. The stock-to-flow ratio will be instantly doubled. The market has already begun to price that in. Bitcoin is emerging as a digital counterpart of gold as a hedge against uncertainty.
Alts will rise, too, but I wonder where the sweet spot will be. High market cap or lower? Low market cap means less money is needed for massive gains. High market cap means retail investors may not be able to moon prices without help from institutionals. Too many moving parts.
I'm hoping STEEM will go up 100x like it did from the March 2017 all-time low. That would mean $20 STEEM in 2022 or thereabouts. That would mean Dolphins would be sitting on some serious gains on paper.