Yo mate, I said it’s EASIER (Not Easy) to predict witching the long run, compared to attempting to predict it within the short term. Historically, Bitcoin has been known for its long term growth, and even if it’s true that past performances doesn’t always guarantee future results, but to an extent we can believe beyond reasonable doubt that it’ll most likely continue in that trend within the long term, unlike attempting to predict the price of Bitcoin within the short term, because short term movement has never been in any particular trend, and that’s why I said that it is easier to predict Bitcoin within the long haul, compared to the short term.
It is not possible to predict Bitcoin in the short term, you will not even be able to predict whether the price of Bitcoin will increase or decrease in the short term. But in the long term, this prediction is a bit easier, although we cannot say for sure, but our expectation and long-term prediction is that the price of Bitcoin will increase in the long term.
But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.
The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds. Weather for the long term or short term, the price remains unpredictable. There are several factors which affects the price of bitcoin and most of this factors are unknown to us, so we can’t predict what the price will be at any given time. We can only have the conviction as bitcoin investors that the price of bitcoin will continue to go up even though it goes down at a particular time. As long term bitcoin investors, We should focus more on figuring out a discretionary income to consistently accumulate bitcoin and hold for the long term goal and gradually build up our portfolio instead of wasting time trying to speculate on the price of bitcoin.