Post
Topic
Board Speculation
Re: Bitcoin going beyond $14,000 before May, history repeating itself
by
drachman
on 16/01/2020, 03:14:34 UTC
Such threads gonna lead to more speculation which in turn will make people FOMO and this would lead to a price rise. I don't think that this rise will halving as the basis. It will be more of euphoric rise. People speculating and buying in. Halving is indeed a big thing for Bitcoin but it won't matter much if you only focus on supply and demand. But the price prediction surrounding it can change the sentiments to the great extent.
You can easily tell that what is happening right now is due to hype, when the price increases because there is a higher demand we see a slow growth similar to what we so at the beginning of the previous year but when the price increases just because of speculation then we see an explosive growth and it is precisely because of this reason that I'm not convinced the growth that we are experimenting is going to last long and most likely a correction is coming.