Post
Topic
Board Economics
Re: Speculation on BTC
by
Yatsan
on 04/07/2018, 12:08:06 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.
Well this year has been rough on bitcoin in terms of getting back up on its price peak last year. But as predicted this will surely happen and fluctuations will definitely occur but in years time we can see improvement in price. Many long time investors also think it this way because bitcoin will definitely not fall just like that it will definitely come back but it's going to take a year long.