Quote from: Twinkledoe on June 27, 2020, 10:46:32 PM

Quote from: Mahanton on June 27, 2020, 10:38:08 PM

Quote from: jostorres on June 27, 2020, 06:08:46 PM

Quote from: Bezobraznike on June 27, 2020, 10:33:13 AM

Quote from: Jaspion on June 26, 2020, 09:19:51 PM

How do people believe their thoughts so easily.
We should be happy that bitcoin could make it through almost decade, whether its predictable or not.
As long as it gives people value of usage - it will fall and rise

You are right Jaspion, as long as people value it it will fall and rise, but over the past years it rising more than it's falling.
And it's Ok to believe that in next years Bitcoin will make new significant rise and set up new bottom, higher than now.
Short-term movements are unpredictable, but in long-term we will see entire crypto-market rising. Bitcoin will lead that
rise as always!

That is the point why it was created, it wasn't created by Satoshi so that people would buy low and sell high and make a fiat profit, that wasn't really the intention.

It was created in the sense that you should find a way to use it and earn it and make it into like a currency which is used like dollars or euros or whatever. However, after a point people realized that it is not really the thing that makes them most money, you can't earn something if you do not work for it and they realized they do not have too much skill over the internet to make it so they rather invest into it and make profit that way when it goes up.

One thing that changed it most was the fact that bitcoin was very very low (few cents) when it first started and it is $10k now, so it is actually going up but people forgot that going from few cents to $10k was hard but going from $10k to 1 million is literally impossible for lack of money in the markets.

Ive been continuing to say such thing on why the heck people do believe that 10k price to 100k or even 1M. Yes, it didnt able to fly from cents to 10k usd but doesnt mean that it will happen next or also into the current price levels, that would really need an extreme kind of support to Bitcoin for us to get into that point. Bitcoin isnt really created solely for money making but rather into its tech or usage itself but we cant really deny that
when it comes to investment into a certain project then we do know that value would become even more higher depending on the demand. Bitcoins price movement is always been unpredictable thats why
we do see lots of speculations flying around.

It is up to the user if he will believe or not from these self-proclaimed experts/analysts. Even if they are the experts of the experts, no one can really tell the exact value of bitcoin, they can only give their prediction. But if they will say, that's gonna be the price. Nope! Don't fall from this kind of speculation and never decide how to invest because of this. If you lose, you are the only one to blame not them. So your money, your choice.

Thats a prediction , not an offer to buy and sell , experts predict basis on the past trends , yes they can be wrong or they can be right , but one thing remains neutral , that people who are buying/selling /investing in bitcoins , doesnt really care for future , because no one knows whats gonna happen , and based on these predictions , they can only be satisfied that atleast some positive signs are showing and this or next year going to be a year of bitcoin.