You are viewing a single comment's thread from:

RE: Bitcoin Market May Be Red Today But An Analyis Predicts Bitcoin Will Be $30,000 By Year's End

in #bitcoin7 years ago

This is a good example of a random prediction. BTC is a speculative asset which means such price increase will have to match demand. Nobody can predict demand like that. It looks like some good old confirmation bias is in play, since the author is even discounting the fact that there might be bear markets in BTC/USD trading. At any rate, we are currently seeing a very clear downward trend, and it looks like a bear market where bulls like the author will lose. It would be nice to see it rebound but telling people to hold their coins no matter what is getting a bit too predictable.