Quote from: Slow death on August 23, 2019, 05:49:01 AM

Quote from: dantee1 on August 19, 2019, 09:51:13 AM

Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

I definitely do not agree that by 2022 the bitcoin price will reach $ 100,000. Look at the current stage:

August 22, 2019 the price is $ 10,000... still no have huge demand, BAKKT will enter in scene on September 23, we will see how much demand it will bring in the coming months, but even if it brought a lot Demand, I believe we would see at most $ 60,000 by 2020.

What is the gap between the $100k and the $60k, if you do not believe that by 2022, bitcoin could reach $100k, then why will you believe that by next year which is around the corner, bitcoin price will reach that $60k? This was the same expectation that led people into FOMO in the last bull run, and rather tan them taking profit, they were busy investing at peak.

You need to understand that there are two faces to the coin, the head and the tail, and when you toss the coin, it could go any direction. In the cryptocurrency market, we are simply divided into two groups, the bull group and the bear group, if you are the type that is investing, you fall for bull but if you are the type that is taking money, you fall for bear group, no matter how hard the bulls try to pump the market, the bears will always force the price of the market down, forcing it not to meet up to expectation, so you see why it will be a little bit difficult to reach that.