Post
Topic
Board Economics
Re: Supply and demand curve analysis, why Bitcoin does or does not change price.
by
Onetogo
on 01/06/2019, 12:09:54 UTC
even your predictions do not match reality, we can see if in the past few days bitcoin has fallen and now we are seeing it rise again, right what many people say in this forum that it is difficult to predict the price of bitcoin.

whoever say he is right about future, is wrong. Please note guys: I am not trying to give you prediction in a way, Bitcoin will be 10k today and 9k tomorrow. I am just looking at a picture and evaluating what is the mood among buyers and sellers.

Currently, it's a fact, that we have a short run supply at 10k. And if all the sudden BTC reaches 10k, we will have price explosion. Is it likely to happen that BTC will reach 10k? I don't know. Is it possible that price will not explode? Yes, it is possible sellers will consolidate the line, but it is very likely the price will jump once it reaches 10k, looking at last published graph.

If anything changes, I will let you know.