Topic: longforecast.com 2017 vs 2018 - page 2. (Read 308 times)
This prediction seems very incorrect and probably don't have strong base. Like i said Bitcoin price moves unpredictable and it is almost impossible to predict his moves. So you should not believe all these prediction especially old ones.
It's funny how Bitcoin is way above the long-term prediction but all we get now are complaints about prices anyway. Really puts things into perspective. It's also interesting how erratic their current price predictions are.
to be fair, there was no reason or basis to make time-based predictions like that until the market went parabolic in july/august 2017. looking at their estimates, i doubt their model could accurately account for "bubble periods" anyway.
Is there a model that can account for "bubble periods"? How successful have they been? Genuinely curious.
This noone was expecting $20k, not even $10k, hell not even $5k.
to be fair, there was no reason or basis to make time-based predictions like that until the market went parabolic in july/august 2017. looking at their estimates, i doubt their model could accurately account for "bubble periods" anyway.
Is there a model that can account for "bubble periods"? How successful have they been? Genuinely curious.
This noone was expecting $20k, not even $10k, hell not even $5k. And now we are looking at $50k predictions. This shows how quick market sentiment can change in Bitcoin. If you aren't holding any you can miss out very quickly.
that is why i like comparing bitcoin price charts with an S curve not a normal curve which you extrapolate data on. and that is how the major rises so far occurred. most of the times we are at the bottom of that S curve with a slow rise (compare to what comes next not slow on its own), then the reality hits and the money starts pouring in and price shoots upwards and then after correction we start a new S curve.
and all of these curves fall on the bottom of a bigger S curve which will happen after the mass adoption.
This noone was expecting $20k, not even $10k, hell not even $5k.
to be fair, there was no reason or basis to make time-based predictions like that until the market went parabolic in july/august 2017. looking at their estimates, i doubt their model could accurately account for "bubble periods" anyway.
And now we are looking at $50k predictions. This shows how quick market sentiment can change in Bitcoin. If you aren't holding any you can miss out very quickly.
that goes both ways. very few expected a bubble, but very few expected the top either. those sky-high predictions often come long after the top is in. and the losses for the bagholders add up quickly.
Some expectations have good outcomes, but most of them wasn't good enough when it comes to market fluctuations. More holders had to lose bigger amounts of btc before they could hit up their target, and the very difficult part of failed expectations was the price declined so fast than expected one. Nowadays we should be tough on our decisions and those pumping price cannot be trusted either, because it quickly crashes someday.
This noone was expecting $20k, not even $10k, hell not even $5k.
to be fair, there was no reason or basis to make time-based predictions like that until the market went parabolic in july/august 2017. looking at their estimates, i doubt their model could accurately account for "bubble periods" anyway.
And now we are looking at $50k predictions. This shows how quick market sentiment can change in Bitcoin. If you aren't holding any you can miss out very quickly.
that goes both ways. very few expected a bubble, but very few expected the top either. those sky-high predictions often come long after the top is in. and the losses for the bagholders add up quickly.
This sites are based on nothing to make this predictions, never believe in people that predicts prices, they dont know what are they talking about. Price will go where it have to, no one know what is going to happen with bitcoin and altcoin price. That is my advise to you and all the people that are reading this comment. I used to belieive in this people, I do not anyomore.
The other day someone mentioned this website called longforecast.com, I wasn't aware of it but it seems pretty useful to sense a long term sentiment of the market or at least a part of it.
Well here is the current data:
https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd
The even more interesting part is that I was able to found the oldest data the website had at least according to the wayback machine webpage, and look at the prices:
This noone was expecting $20k, not even $10k, hell not even $5k. And now we are looking at $50k predictions. This shows how quick market sentiment can change in Bitcoin. If you aren't holding any you can miss out very quickly.
Well here is the current data:
https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd
The even more interesting part is that I was able to found the oldest data the website had at least according to the wayback machine webpage, and look at the prices:
This noone was expecting $20k, not even $10k, hell not even $5k. And now we are looking at $50k predictions. This shows how quick market sentiment can change in Bitcoin. If you aren't holding any you can miss out very quickly.
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