Post
Topic
Board Bitcoin Discussion
Re: Do you still believe in predictions of "experts" about the bitcoin price?
by
Gibreil
on 12/09/2018, 13:05:36 UTC
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.
No, because I learned from trading that there is a role reversal. Meaning to say, eventhough there is already a correction to the market, there is no certain point that it may go to the flow. Even analyst can not predict what probable events that will happen in bitcoin price. However, I believe on news but 90% of my reaction comes from my own.