Post
Topic
Board Trading Discussion
Re: Bitcoin Prediction : Dream or real ?
by
Rembedful
on 16/10/2018, 07:23:00 UTC
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.

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.
For me all predictions are just dreams and nothing more. All the previous predictions about the future price became wrong and the actual price was too different form the predicted one. Therefore I never believe in prediction and always believe in the current trend of the market. It is more authentic than predictions. Don’t make your decisions according to false predictions.