Quote from: gracer88 on April 04, 2018, 09:51:18 PM

it seems to me that if by the end of 2018, bitcoin will cost $ 30,000, it will be very good. To increase the price of bitcoin to $ 100,000, a lot of money should come to the market.
In the future, bitcoin will cost $ 100,000, but I do not think it will happen in 2018.

I think that one of the biggest problems that Bitcoin would have to overcome is people making predictions based on nothing.

People reading forums such as this will see lots of predictions, but these predictions aren't based on anything. There isn't any analysis. There aren't any reasons given for the price to rise. Hence, it makes it look as if those who are pro-Bitcoin don't know what they are talking about. That scares off serious investors, and a market needs serious investors.

It's worse when the predictions are shown to be wrong because the time of the prediction comes and goes, and the prediction is way off. That again suggests that those invested in Bitcoin don't know what they are talking about.

People interested in investing want to see a market where people understand not only the underlying asset, but also the workings of the market. Loads of baseless and wrong predictions will convince people of the opposite: and this will scare people off. Which prevents the price recovering.