Topic: Bitcoin prediction - page 2. (Read 287 times)

I think that btc is the best coin ever and we need to use it now as the main currency, i like it much and hope that it will be used for long time. as for me,there is no better alternative to btc

dont do market trend analysis people. you wont get anywhere apart from acting lik a sheep because bots are programmed to act like sheep

instead look at real analytics of cost of acquisition (hashrate and UTXO coin-age)
since 10 months ago more than 65%(10million btc) has moved and set above a barrier of $5800 priceline
thats over 10million coins that people value at more than $5800 as thats the lowest price of that period when people got them
mining costs have been around that pricepoint too again even miners getting fresh coins would refuse to sell below their costs

a good high percentage of the community are treating the area of $6k+ as the value bottomline. and as for the rest. 18% of coins have not moved for years. and if they wanted to sell for under $6k they would have done so.
even when the prices speculated over $6k for the last 10 months. those coin holders have not took advantage of the highd of upto $20k
so its definetly more than 65% of coins that wont sell for less than $6k (or more relaxed $5800)

trend analitics of just looking at the market price to make predictions is flawed
but when you take a look at the UTXO's of coins (the unspend coins) and look at their coinage(confirmations) to see where coin holders stand against time and price. you start to see what value the community put on their coins based on the price it was when they got their coins
and same going for the costs of the freshly minted coins cost..

The price of bitcoin is affected by a lot of factors. Therefore, it is almost impossible to predict its price. As far as I can remember, before the growth of bitcoin in December of last year there was no prediction that it would reach $ 20,000, as there was no prediction of a drop in its price to $ 6,000. And now there are absolutely conflicting views about how bitcoin will behave at the end of this year. No one can know this.

Everyone is entitled to their opinions and speculations on what they think the price of bitcoin would be. This doesn't make it a fact, it's just a prediction.
The price is currently rising and if it's sustained we could be launched into a bull run.

Bitcoin moves based on market sentiments and not prediction. They are a lot of influential crypto personal who claimed to know about bitcoin and has predicted so many market moves which later did not materialized. They are all mere speculators whose proclamations holds no water. It is only the  market sentiments that determines the market trend.

A high percentage of so call predictors predicted this year that bitcoin will drop to some ridiculous price like 1500$, 2000$  and so on I hope the can see that bitcoin is an established coin and stop causing panic amongst traders