Post
Topic
Board Economics
Re: Speculation on BTC
by
King money
on 16/06/2018, 03:10:23 UTC
I still doubt this. Although looking at the last price of 2017 ago with a very fantastic but if we look again the history of BTC lowest prices since 2009 is not always an increase. https://www.bitguru.co.uk/bitcoin-price-high-low-since-2009/





I think After all, I'm sure none of these people will ever foresee when Bitcoin is trading above $ 19,000 who will never again see a price below $ 7,000, and as we all know it reaches less than 6 months later! And that's why their predictions are worthless.
No one has control over the price so no one has reasonable expectations about what the future price will do. Prognostication by anyone, even people from the BTC Foundation, is somewhat worthless. It seems more likely they are trying to boost demand because weak demand has slowly deflated prices for a while now. As a member of the BTC Foundation, I hope they may have significant Bitcoin holdings and may be concerned about how their holdings have depreciated in value over the last 6 months or so. Because of this, I will see such "forecasts" not only unfounded (like other price predictions), but also self-motivated and conflict-oriented.