Quote from: kevoh on August 01, 2018, 09:52:21 PM

Quote from: AngelSky on July 26, 2018, 08:01:20 PM

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.

If I received a dollar for every time I read the cliched phrase above on every bitcointalk megathread, I probably will have collected a large sum of bitcoin right now. Trick question: Am I trolling you or just stating the obvious?

...and no one notices the obvious. It's kind of ironic how there is so much absolute conviction that the price will be 20k, 60k, 180k by the end of whenever the hell it is, but there's absolutely no evidence for that move. Just pure speculation, or perhaps not even that, just pure hope. Well, I'm not so sure about bitcoin, but I know for sure that most markets don't react to hope, especially not the hope of investors who are already holding a position. It needs something new, unique, novel, exciting, and fresh to make a move to that degree.