Cause every market is unpredictable, …
To some extent markets are predictable. Otherwise there would be no successful speculators.
Often, like with bitcoin, it can be hard work. You have to watch and evaluate lots of different indicators, and you have to understand the basics of the market, for example, that the bitcoin market consists of 5% real users, paying for goods and services, and 95% overly greedy speculators. Due to bitcoin's deflationary rules, it is something like a bubble economy, creating a new bubble every two years. So you have to understand bubbles as well.
It can be done. If you stay cool, switch off your emotions, and look at bitcoin from a realistic point of view, you can predict the bitcoin price at least better than the get-rich-quick crowd.
My prediction is that the price will go down to new lows later this year or the next. $20 comes to mind.
I agree
after all what we have seen so far
5 years ago, if anybody offered you some BTC for $100 or even $1 you would probably rather gave the money to charity than to this project.
And taking into account processes and industrial development in last 100 years I assume nobody will even think of bitcoin in year 2113.
Just remember what happened during last 10years- Who watched at home videotapes in 2003 and in 2013 or who listens to music on CDs in 2013.
Why the hell people is buying BTC right now like crazy everytime it drops under $90?
They expect evaluation but who should buy BTC for eg $500 or $1,000 next year with expectation of further evaluation?
My bet is by the end of summer we can buy btc for $50 and by the end of year it may hit $20.
OnceBTC starts declining it will imply huge selling which inevitably will lead to even lower price.
This is how all bubbles ends we all know it.
Unfortunately cat this time some people have pure greed in their large open eyes instead of common sense approach.
Someone will have to pay the evening party when comes the time to pay the bill from waitress!!