Quote from: The Pharmacist on October 09, 2018, 12:11:52 AM

Quote from: omorfi on February 09, 2018, 12:51:55 AM

in my opinion price makers wont let the Chinese investors to buy bitcoin such a cheap price like 7k-8k USD.

I must have missed or ignored this thread when it was made, but it's interesting to look back and wonder if people like OP here have learned the answer to such a sort of silly question.

People think whales control markets much more than they do. The market cap of something would have to be relatively small in order for that to be true, and there are way too many people involved with bitcoin right now for that to happen--unless someone like Warren Buffett decided he wanted in and started buying in really big amounts. Even then, he'd probably just buy it off-exchange where the purchase wouldn't affect the price. There's an active thread in Economics right now talking about people doing just that.

Obviously nobody did or could keep the Chinese from getting cheap prices on bitcoin, and I'm pretty sure that was nobody's goal anyway.

Quote from: robertsu on October 06, 2018, 07:02:59 PM

Classic. Somebody want will be a guru very fast. How it works: the expert makes a bold prediction, if he does, everyone starts to listen to him - he earns. Not true, no one noticed.

Yep. It's happened in every crazy-ass bull market throughout time. Analysts (or whoever) make outrageous predictions about price in order to make a name or draw attention to themselves.

I do not believe in predictions and even do not consider predictions either common or from experts because almost all the predictions are noticed as uncertain to their actual values. In the beginning of this year experts were predicting that the price will cross 30k dollar at the end of this year but the market remained stable between 6k and 7k dollar so the predictions are wrong and now analysis are limited up to 10k dollar only.