Post
Topic
Board Beginners & Help
Re: How does a cryptocurrency gain value?
by
un_rank
on 29/02/2024, 18:11:43 UTC
That's true and that's why its almost being impossible to actually get the actual price and movement of Bitcoin in the market although people can still relate to Bitcoin base on its past movement and that's why crypto enthusiast always speculate the seasons accordingly that comes with Bitcoin like the bull and bear season.
You are right. Predicting the short term movements is almost impossible. It can take any turn during the course of 24 hours irrespective of the demand or supply. When you expand your target period, to let's say, trying to predict the price range in the next two years. I can deduce based on the current feel of the market that we would go over $100k during that period.

- Jay -