I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
I didn`t hear about this prediction until now. It`s very reasonable prediction, Bitcoin is making higher all times high every couple years, and almost every year
Bitcoin have higher bottom. It`s fine someone to have more faith than others, I have a lot of faith in Bitcoin and many alt-coins!
I have read threads from 5 years ago. Many people didn`t believe that Bitcoin will get this far. Threads from two years ago when price were under $1000, just
few people predicted $10000 in 2017, others didn`t believe.
We have same situation today, believing in Bitcoin or not is the question? I believe, I made my decision already!
And if you read the threads over the last six months, people never thought that Bitcoin would get this low again. Basing investment decisions based on mass crowd delusions is generally not a good idea. When Bitcoin was at $19,000, nobody would have said it would be below $7,000 within 6 months. Everyone was all aboard the hype train to the moon, and anyone saying it was a bubble was dismissed as a FUDster, even though they were far more reasonable than anyone thinking it was going to continue to exponentially rise. I think it continues to fall from here. I don't see a reason it's even this high. The euphoria and delusion is wearing off, and when that's gone all that's left is utility, which is still too low to be at this price. Eventually future potential has to be realized, and that's what Bitcoin's current problem is.