I see many people keep on trolling the bitcoin whenever it goes peak.
well, you must understand the side of people. People bought when the price was $18000 and if they did it was probably because there were many analysts who made very high price forecasts, we are saying that had analysts who predicted that by January 2018 the price of bitcoin would be $40,000. then comes January 2018 and the price drops to $6000, see that this was a big loss for many people, it was the high expectations of the people that were taken, so it is normal for people to be hurt.
Personally I assume the bitcoin for long time in all the aspects so I have strong faith on bitcoin and it will be reach the peak value again in the market. I expect the bitcoin to touch the 20k USD on this coming christmas.
I think it's very difficult for the bitcoin price to reach $20,000 later this year, with the pressure from governments and regulations, it's very difficult to have large price increases
Yeah exactly, it all depends on what that person's experience with bitcoin is. Far too many jumped on the train when the buying madness was at its peak, and then they got disappointed when the forecasts for the moon ended up crashing back down to the earth. Unfortunately, a lot of these people blame the coin before taking into account that it was they themselves who decided to click that button and put the money into it. Who believes forecasts anymore anyways? It's impossible to take everything into account at any given moment, and markets are so dynamic that a forecast I make now can easily be changed tomorrow. Just look at any historical data from governments or investment banks about forecasting and compare it with the real prices. I bet almost all of them were way off the mark.
I'd agree with your opinion about having trouble reaching 20k as well though. After such a huge rally it's hard to regain steam so quickly.