Post
Topic
Board Economics
Re: Supply and demand curve analysis, why Bitcoin does or does not change price.
by
Rembedful
on 27/06/2019, 11:48:39 UTC
My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.





Well, you're just predicting but you don't really know if what you're predicting is accurate or not. Nobody can predict what will happen, even when you least expected it, it might be just the time that a whale will decide to invest a huge amount of money in the cryptocurrency market, and before you know just what's happening the price has started moving up within a short time. So forget about the prediction thing you're talking about and if in case you don't know, the price has already crossed from $9k to $12k plus within a short days.