Quote from: exstasie on May 14, 2018, 10:36:37 PM

Quote from: Robert543 on May 14, 2018, 03:32:58 PM

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.

Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here.

I agree, but I have to admit that it made me laugh reading his prediction. We should understand though where he is coming from, I'm pretty sure he has vested interest on crypto that's why he is very bullish but most of time this kind of prediction really gives me a good chuckle.

Quote from: exstasie on May 14, 2018, 10:36:37 PM

These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....

If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.

We have heard this kind of prediction in the past, specially after riding all-time-highs last December. Everyone was shouting that bitcoin will never go below 4 digit mark. But what happened? The bears took over the market and since then we have been struggling to get to $10000.