Post
Topic
Board Speculation
Re: 20% price drop 7 months before the May 2020 halving?
by
AjithBtc
on 03/10/2019, 05:33:33 UTC
you are trying to use the past to interpret the future and you expect the markets to move in the same exact way and things do not work like that
If you want to have a statistical calculation you need to have a model to have a reference on how the market will move and we have a small data available as this is a new market, we cannot expect the market to move the same all the time but it is the only reference we can have on how the market used to perform in the past during those situations  Wink.

Past behavior does not predict future behavior. Btc could go well hit 20 k tomorrow or dump to 1k.
It is highly unlikely to happen just like that. The past behavior will give you an idea on how the market will perform, it cannot be an accurate prediction but you can use that as a reference.
We don't have much of data as mentioned. This is a new market which is very yound. Just ten years have passed from its existence, by this time where it has reached is big. Upon the same we cannot make the predictions, we can take some references from the earlier market movements and predict the future. In this act even the experts predictions won't be cent percent perfect.