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The actual market price of BCH is $2300 right now, according to the Grayscale Bitcoin Cash Trust
See https://www.google.com/search?q=bchg+price which has been popping off lately. Each share of BCHG represents 0.00937386 BCH, which means the current $21.5 price of BCHG means people are effectively buying BCH for $2293. Cool!
I'm by no means an expert on bitcoin, but I feel as though many people on this sub are way to confident in the future price of bitcoin. Now I'm not saying that this is the case for everyone, but for a decent amount of people who post here this seems to be the case. (To me at least). If you're posting in a sub with over 1m users that you're 100% certain bitcoin will hit an ATH in the next year, or that in 5 few years 12k for a bitcoin will seem like nothing, you may be enticing people to make bad investments. Secondly, some of these bullish posts/comments seem to have no solid basis. Of course there are comments, which do get liked quite a lot, that say: "Don't invest what you can't lose!" But the comments/posts that are extremely bullish far outweigh these comments in my experience. If I'm a noob and see many highly liked comments that say bitcoin will hit 100k in next five years or bitcoin will hit 1 million, and only one or two that say only invest what you can loose, I might be inclined to ignore the latter comment(s). Especially if I have not invested before. Now to the second point. I have noticed that a lot of people here are using price action of the past as 'evidence' for future price action. I am by no means an expert investor, but I believe and have read that while this can be an indication, it is not at all solid proof for future price action. For all we know bitcoin could stay at around 12k for the next 2 years. I want to be clear: I'm not critical of the confidence people have in bitcoin I am critical of those who post/comment that bitcoin will hit certain high prices with no solid evidence. Finally, I want to say that I'm a big fan of bitcoin! I do think that the price of bitcoin will increase a fair amount in the next few years. However, I'm not sure of this and so I'm not investing my life savings! (Or maybe I should, what if bitcoin hits 1 million in the next five years? 🤔)
In 2020, one of the most popular investments in the financial world has been cryptocurrencies such as Bitcoin. In 2017, most cryptos increased their prices several times over, and now it’s high time to consider what virtual currencies deserve attention in 2020.
[ CryptoCurrency ] The price of Bitcoin has now stayed above $10,000 for the second longest time in its history
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The supply of bitcoin is strictly limited!! Just never mind that BTC miners are now holding "inventory", because there isn't enough actual-dollar market demand to sell the freshly mined coins at the price they need to
Bitcoin’s Market Cap is Now Bigger than Bank of America After BTC Price Hit $12K
Bitcoin has just surged to $12,000, breaking resistance, with another $6 billion entering the cryptocurrency market just recently. Bitcoin is currently up 60 percent on the year, while other cryptocurrencies outperformed the world’s largest cryptocurrency with over 80 percent gains across the board.
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