Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mindrust
on 06/02/2019, 16:34:54 UTC
Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

$3k is not impossible, but that was not my prediction. I think that:
 - The most recent crash was artificial, driven by very few whales.
 - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price.

So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely.

Theymos did nothing wrong.  Grin He warned us all.

*I just took a quick look at the old pages of the topic and found some gems.