You do not have to thumb suck the predictions, you just have to look at the price history. Bitcoin goes up a little and then it goes down, but never
back to the level where it climbed from.. always a little higher.... and this process repeats itself over and over. So many people are getting used
to this trend and they base their investments on that.
It's easy to predict the price when it's constantly rising (long term). You can pick any period in bitcoin's history and if someone asked "should I buy or sell" answer buy and you'll always be right. Bitcoin has its small falls, but whenever you decided to buy, all you had to do was hold for about a year and you ended up with a profit. That's crazy if you think about it. The currency has over 8 years and it's always gaining value. back to the level where it climbed from.. always a little higher.... and this process repeats itself over and over. So many people are getting used
to this trend and they base their investments on that.
