Re: Do you still believe in predictions of "experts" about the bitcoin price?
I believe that we should never trust 100% in any prediction about it, even if that person is presented as the greatest expert or master on the subject, because we must always keep in mind that at the beginning of 2017, when the price of bitcoin was just in $1,000, none of those alleged "gurus" was able to predict that the price of bitcoin would reach $20k some months later. And besides, neither was able to predict the tremendous collapse that the market would suffer next.
If those relevant historical events went completely unnoticed by the "experts", I think none of them has real bases to present themselves these days announcing that bitcoin will reach this or that price by the end of the year.
If those relevant historical events went completely unnoticed by the "experts", I think none of them has real bases to present themselves these days announcing that bitcoin will reach this or that price by the end of the year.
I've learned over time not to pay attention to all the predictions. How the price will really develop no one can really predict anyway. Some people will be right about their prediction and some won't. It's a 50% to 50% chance of making a correct prediction. In the end, I think Bitcoin will continue to develop positively and the price will rise again sometime. I don't need anyone else to confirm these thoughts with his prediction. I prefer to rely on my previous experiences I have made in the crypto world and not to believe any prediction.
