Quote from: Mhd-Bobbi on August 04, 2018, 06:15:45 PM

Quote from: Abrefatotherescue on July 30, 2018, 07:17:34 AM

So I have been reading tweets and other media outlets which are predicting that the BTC will have a huge surge by December. Have anyone come across this and I don't know if I should be excited or that's another bubble waiting to be needle pricked.

Yes Many people predict that there will be a surge in December. But in my opinion, they remember that last year the price soared. So they might think that in 2018 there will be an equation that will increase by the end of the year. But only their predictions. I think the best thing is to continue to collect and keep waiting until December.

The problem I have with these kinds of predictions is that when everyone is anxiously expecting it to happen, it doesn't. I certainly hope it does, but there isn't really good evidence for it to do so. It could follow the historical trend, but I've seen this with other assets and stocks, where everyone is shouting "buy in ___ sell in ___ because it happened this way last year!" and then the exact opposite happens.

I'm a bit concerned about the impact futures will have on keeping the price down. Big banks have the ability to open massive short positions against Bitcoin now.