Post
Topic
Board Economics
Re: Speculation on BTC
by
Bobby park
on 09/11/2018, 10:26:31 UTC
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Those prediction are came from their own thought based upon the technical and fundamental analysis. It may become true or not specially when the market leads to the predicted direction. A lot of people are easily giving opinion because they just want to hype the market. However, others attracted fastly because they fear of the situation plus they don't have enough knowledge in trading