Post
Topic
Board Speculation
Re: End of 2017 price predictions - $13k-$15k
by
1Referee
on 02/12/2017, 21:30:04 UTC
Tbh I'm mot realy sure but most of the forecasts made by pro financers are also not accurate so who cares? Smiley

The "pro financers" you are referring to base everything they say on traditional markets, and from there just assume that the same applies to Bitcoin's market, which we have seen isn't the case at all. Recently the far majority of the predictions have been far off, even from those who actually understand how this market works. It's more or less blind panic rage that's going through the market, and this is something that's impossible to read out. We might see this market shoot up all the way till $40/$50K before the block halving in 2020 takes place, or we might at some point fall back massively again. I use wide figures and time frames because of the fact that there is no way to find out what's going to happen in times where literally anything can happen. Take in mind that this is still the pre institution phase, where from the moment they enter things will get a whole lot more interesting.