Post
Topic
Board Speculation
Re: Bitcoin Will Surge to 62k!
by
avikz
on 18/06/2019, 03:16:09 UTC
"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

Lol!! Anything can happen! A lot of analysts say a lot of things to gain some visibility and I must say this one is no different! Pure speculation which will turn a lot of eyeballs to this fellow! Nothing to bank on really!

Quote
This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span. Banks will go nuts and start campaigning against bitcoin and other crypto assets when they will see people are withdrawing money to invest in bitcoins. Tax officials will loose their sleep to calculate the numbers of new class of rich people in their country. And a new class of people will rush to invest in bitcoin during ATH.

Parabolic rise is not great! Slow and steady always wins the race. People will at least have some time to digest the facts!