Post
Topic
Board Serious discussion
Re: How do you predict the market?
by
Poker Player
on 20/02/2021, 12:18:50 UTC
I think we are going to cross $100k for sure. How far up above that I'm not sure but everything points to a very bullish year.

Please, without any bases of Tesla and Elon did this and that so it will be a bull run.

So, how would you like us to make the prediction? Just by a hunch? By crystall-balling?

Also, I know it's demand and supply is there any more reason heavy reason why you see that the bitcoin value could go up or down?

The only factor explaining the rise in price is the demand/supply ratio. But there are many factors influencing these two: for the demand, mainly institutional investors, not only Tesla and Elon but if other big companies like Apple join in, this is going to be very big. I'd say if Apple announces they are buying Bitcoin like Tesla we are going to pass the $200k mark. For supply, the massive printing by Central Banks which has accelerated due to Coronavirus crisis.

There is the Supercycle theory predicting a top of between $800k and $1M this cycle precisely because of the institutional investors (and other factors). I see it like too exaggerated but I'd be delighted to be wrong.