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Topic: Bitcoin price will not go above $4,000 - page 6. (Read 811 times)

legendary
Activity: 3472
Merit: 10611
February 20, 2019, 01:40:03 AM
#6
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?


not exactly.
an opinion is just an opinion. it doesn't have to be true or based on any facts. it is more like how you feel. it can be true or false but whatever it will be, it will be that based on luck. think of it as taking a shot in the dark and having the chance to hit the target.
opinions without logic don't matter and are not worth sharing.

an speculation on the other hand has to be based on facts and analysis. it has to be close to reality. so for example when you say "gold will rise to $2000" you have to have analyzed the market and checked the facts then come up with that speculation. this can be technical analysis, fundamental analysis, ... and then choose a number based on that analysis. not just because you feel like gold should rise so you chose a random number (a round number at $2000) and say it will be that.
speculations matter and are worth sharing.

what you did here is that you made a vague statement ("because there isn't any fundamental behind it") and then based on that you said bitcoin should fall!
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
February 20, 2019, 01:38:38 AM
#5
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?


There are no real difference, but the similarity are the fact that most of this is based on assumptions that are pulled from people's uninformed asses and presented as facts.  Grin  When someone "bash" Bitcoin for not being physical and hence not being worthy enough to be a commodity or a asset or a currency of value, then you should ignore their input.

A virtual asset is a representation of currency in some environment or situation. In this context, currency can be defined as either a medium of exchange or a property that has value in a specific environment, such as a video game or a financial trading simulation exercise. Source : https://searchfinancialsecurity.techtarget.com/definition/virtual-asset   (Example : Call of Duty skins selling for 1000s of dollars)  Roll Eyes

A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and stocks. Financial assets are usually more liquid than other tangible assets, such as commodities or real estate, and may be traded on financial markets. Source : https://en.wikipedia.org/wiki/Financial_asset

Bitcoin's value is based on Supply and Demand!
sr. member
Activity: 1842
Merit: 389
February 20, 2019, 01:15:50 AM
#4
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?
hero member
Activity: 2660
Merit: 551
February 20, 2019, 01:14:21 AM
#3
I thought it did already touch $4k as others have said? Maybe it did but it didn't hold, but we haven't seen any selling and the price remains $3800-$3900 which is a good indication. However, we did touch $20k in 2017, so I wouldn't say that $4k is high. I don't know but I grew tired of hearing bitcoin and gold in one sentence.  Wink
legendary
Activity: 3472
Merit: 10611
February 20, 2019, 01:10:32 AM
#2
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.
sr. member
Activity: 1842
Merit: 389
February 20, 2019, 01:02:28 AM
#1
Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?


**All of the above is a pure speculation.
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