Post
Topic
Board Economics
Re: Bitcoin price predictions from Twitter 5 years from now
by
primejia
on 17/12/2018, 02:46:41 UTC
But is there any reason to think that the pattern will repeat itself again? It's just a belief, there's no fundamental reason behind this pattern, just because it happened twice it doesn't mean that it will happen again. On other markets, no one goes through the history of past cycles saying that the same price movements will happen again at a larger scale.
the cycle that occurs in the world of commerce is usually just a prediction, which cannot be a benchmark in trading, all price increases can only be seen from how much bitcoin demand might be needed in the future, bitcoin demand can only occur if many countries start facilitating  bitcoin, things like this can boost market demand for bitcoin, so the number of bitcoin requests will result in rising prices. we can predict by seeing how many countries want to facilitate bitcoin users.