Post
Topic
Board Speculation
Re: Will Bitcoin exceed 20k this year like in 2017?
by
ene1980
on 18/05/2020, 14:44:01 UTC
Too much expectation can lead to disappointments despite that altcoins dont have the better chance to surge in price than bitcoin because most crypto investors trusted mainly in Bitcoin and those that missed the previous bitcoin halving growth in price wont dare to choose altcoin now.
The expectation is really high from members who have not experienced halving, all they heard is that the price usually rallies after halving but they fail to check the charts to understand when the momentum started, if everyone is expecting the price to touch new levels in a month or two after halving then they will be disappointed because that is not the way the market performed in the past. For anyone expecting a rally you need to understand the economic situation as well as we never had any financial trouble during the first two halving. So it is time to adjust everyone's expectations accordingly  Tongue.