Quote from: Betwrong on April 14, 2021, 09:31:24 AM

Quote from: aubert on April 14, 2021, 08:33:15 AM

Quote from: jaysabi on April 11, 2021, 04:39:58 AM

Financial "experts" have been predicting over $100k every year since for years now, they've never been right before so there's no real reason to give any weight to these predictions. Bitcoin is as likely to go back to $50k than it is to go to $70k, let alone go to $130k.

Well atleast their prediction isn't really far off considering many these so called financial experts have predicted bitcoin to go as far as $100K from when the price of bitcoin was below $10K and we're already more than halfway to go here. It's not like their prediction should be very accurate right? there's always some miss
~

I agree. Bitcoin price, after crashing from $19k, was staying below $10k for more than a year, then it went up above $10k in the end of June 2019, reached $13k for a second in July, and started crashing from there(only with one outlier in the mid February 2020, when it reached $10k+, again, just for a moment), and it descended to as low as $5,173 in March 2020. Knowing all that, it wasn't that easy to predict that BTC would go from $10k not towards $5k again, but towards $100k. I personally couldn't predict that, and I respect those who could.

The point is there's no accountability for the predictions. You never keep track of all the times someone is wrong predicting $50k, you only remember the 1 out 100 times they were right. Nobody issuing price predictions has a track record worthy of paying attention to their track records is my point.

Btw, totally called going back to $50k after it hit $60k. Maybe I am the expert. Wink