Quote from: Phoenix_PROG on Today at 07:39:21 AM

Quote from: DECABEATZ on December 27, 2020, 12:16:41 AM

Too many institutions and big money behind it now!!! Whats everyones opinion explain?BTC

Who knew that bitcoin could ever taste the 3500$ price target this year again? I thought the lowest price of Bitcoin this year would be around 7k or 6k, But still 3500$ happened in March 2020 doesn't? Trying to predict what could happen in future is a waste of time, tomorrow isn't even certain

You are forgetting that we started the year at around 7k as well, so "lowest of 6-7k" is unrealistic to think about when you start the year at 7k already, how could the start of the year would be he lowest of the year? When we reached to about 9k dollars, there was a pandemic crash in everything, andn ot just fiat neither, from gold to silver to oil and of course to crypto everything crashed.

This is what we were not expecting and price obviously dropped to 3.6k or so levels, not because it was anything bad about crypto but because the world was on fire. Obviously we recovered very well and now doing a lot awesome but that doesn't mean that with any crash we can still go under 4k, it just means that we were way too close back when the year started, so it wasn't really a shock to get to 3.5k, if we have another crash, I doubt it will get there again because we are further away this time around.