Post
Topic
Board Speculation
Re: Bitcoin, the highest fall in the year 2018
by
jaysabi
on 30/06/2018, 14:50:23 UTC
Bitcoin prices have never been so low this year. Prices were down to 5,826.41$ (Jun 24 2018 16:04:00 UTC). Many advisers say that at the end of the year it will hit 30,000$. The market is seeing more than the fall from the price rise. Imagine when the speculation will end?

Anyone who's still saying $30,000 is a hopeless dreamer. We're seeing the rationalization that was abandoned in the great hype of last year. My own personal opinion, as someone who still owns Bitcoins, is that the price is probably still far too high and will continue to drop as the hype and vagueness about the "potential" continues to fall away in the face of what Bitcoin is actually used for (not much besides speculation) and the realization that it's not solving the world's great economic problems like people unrealistically expected it to. All those people who piled in last year to push the price to $19,000 weren't doing so because they thought it was going to change the world, it was because they got sucked into the hype cycle and were trying to get rich.