Topic: [2018-1-4] Ten cryptocurrency predictions for 2018 (Read 91 times)
It is funny how bitcoin managed to fool everyone including the experts . It was a hard time when bitcoin was suffering due to China ban . But then suddenly it just caught the never ending speed of attaining the highest values . No one predicted that bitcoin which started by $900 in 2017 would go so far and increase its value by 15 times and could also reach upto $18000 at some point . Bitcoin just astonished everyone and if things went smoothly it would be able to break more predictions and expectations ( maybe in a totally wrong way this time) .
In relation to this, funny how I have read about forecasting just earlier today. It basically says that forecasting tells a lot about the vision of the forecaster but nothing much on the subject being predicted. As for me, I will only rely on forecasts that are based on data that run for a good 10 years. Otherwise, it will be a waste of time for me to even consider such forecasts. Meanwhile, while I believe the forecasts heretofore have good foundations, I still cannot subscribe to it totally for the reason that Bitcoin's price fluctuations can very well fall within an umbrella of formidable predictions. Simply put, it is too general to be given weight in the first place.
It was hard to believe the analysts' forecasts, I remember that some analysts predicted that the price of bitcoin would reach 5000 dollars by the end of 2017 and in social networks and even here in the forum ridiculed these analysts and when these analysts made predictions that the price of bitcoin would reach $15.000 by the end of the year, all in social networks call these analysts crazy. when China banned the exchange and the price of bitcoin fell from $4700 to $3200 many people said it was end of bitcoin. the panic was so much that on that day the price simply fell very fast, I even panicked and sold a bit of bitcoins that I had bought when the price was $ 4200. See the price that bitcoin reached today (more than $15000) that was something incredible. 2017 was a very good year for bitcoin.
Ten cryptocurrency predictions for 2018 from the co-founder of the Blockchain Research Institute
A year ago, Alex Tapscott (my co-author of Blockchain Revolution) and I made some predictions for 2017. At the end of the year we compared those predictions to what had actually occurred. Overall they stood up well.
Notably we said: “Bitcoin will hit $2,000 (that’s right: one bitcoin will be worth $2,000). Ethereum will not collapse, post-DAO, but will become a dominant platform for new apps and new business models.”
We were ridiculed by some for forecasting that bitcoin would nearly triple in value. “You guys are nuts,” was a popular tweet. Of course, only in the wild world of cryptocurrencies can you set a one-year price target implying a near 200% return, and miss the mark by a factor of nearly 10! As for ethereum, the fork happened and ethereum kept on chugging away, became the de-facto platform for the ICO (initial coin offering) boom that launched a thousand dapps (distributed applications), from distributed file storage and prediction markets to collectible kittens.
2017 was a year when cryptocurrency markets dominated the public imagination. While some of us grew excited by the explosion of new applications, platforms and technologies being launched, many others were simply happy to ride the wave of higher prices. Indeed, the value of these assets grew from $15 billion to $500 billion, one of the great bull markets of our time.
Read the full article here https://qz.com/1171977/ten-2018-predictions-from-the-founder-of-the-blockchain-research-institute/
A year ago, Alex Tapscott (my co-author of Blockchain Revolution) and I made some predictions for 2017. At the end of the year we compared those predictions to what had actually occurred. Overall they stood up well.
Notably we said: “Bitcoin will hit $2,000 (that’s right: one bitcoin will be worth $2,000). Ethereum will not collapse, post-DAO, but will become a dominant platform for new apps and new business models.”
We were ridiculed by some for forecasting that bitcoin would nearly triple in value. “You guys are nuts,” was a popular tweet. Of course, only in the wild world of cryptocurrencies can you set a one-year price target implying a near 200% return, and miss the mark by a factor of nearly 10! As for ethereum, the fork happened and ethereum kept on chugging away, became the de-facto platform for the ICO (initial coin offering) boom that launched a thousand dapps (distributed applications), from distributed file storage and prediction markets to collectible kittens.
2017 was a year when cryptocurrency markets dominated the public imagination. While some of us grew excited by the explosion of new applications, platforms and technologies being launched, many others were simply happy to ride the wave of higher prices. Indeed, the value of these assets grew from $15 billion to $500 billion, one of the great bull markets of our time.
Read the full article here https://qz.com/1171977/ten-2018-predictions-from-the-founder-of-the-blockchain-research-institute/
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