Post
Topic
Board Economics
Re: Speculation on BTC
by
jovs
on 27/06/2018, 12:18:11 UTC
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.
It is so hard to believe speculative statements without seeing any proof that could validate the speculation. I know that every one of us here are looking for a strong place for bitcoin in the global market to secure our trust on the technology that brought us bitcoin in our lives. We must understand that price drop is normal in any investment, since bitcoin is a highly volatile investment, it really fluctuates in an unbelievable rate. We have to be calm and compose whatever happen, panicking will not help anyway. There will always be good news and bad news for bitcoin anywhere and anytime.