Quote from: Latviand on Today at 05:32:32 AM

Quote from: Memminger on July 30, 2020, 11:41:11 AM

I don't think that we would be seeing the same pattern that happened in 2018 I don't think that we would be really go high again for this year.
I think our highest price could be around $14-15K or less I don't really expect it to go higher than that because of this pandemic most of the people are still struggling to survive.

Bitcoin's price is not always in a positive movement or in an increasing state. In 2017-2018, we didn't expect that spike to occur, we're all surprised about what happened to bitcoin and most of us celebrated that time. But I don't think that it will happen again this year. Maybe in the next years, 2021 or 2022, there's a chance that it will reach that $20k again or much higher.

Quote from: CarnagexD on July 30, 2020, 02:58:43 PM

It doesn't mean when the bitcoin's price pumped in late 2017 in almost $20k, it will also happen again this time.

I'm not being pessimistic about the bitcoin's price but I'm just thinking about the possibilities that might happen and stuck us.

We just need to face and deal with the reality that bitcoin's price is extremely volatile in the market. It is really hard to predict the future of bitcoin if you don't know how to observe the market movement. I'm still hoping that it will not only stay in $11k because I have a lot of expenses and bills that I need to pay during this quarantine.

I don't really expect much this year, what I do is I try to earn as much I can using this sudden price movement. I don't know much in analyzing the candles but I am really good in researching. I watch youtube videos of those who are good in it. I learned a lot too, I watch different youtube channels and from that I'll decide on what move will I take. No you're not pessimistic, you are just stating the truth about btc which I think everyone already know.