a few days ago it was like a pump to 1700
now its like a dump to 1700
A few days ago it was a dream to say we would ever hit $2000 this year.
In a few years we'll be crying about a dump to $9000. Just bookmark this page and read all about it years from now
we all know Bitcoin is about as random as it gets with price, nobody could have accurately predicted this price rise and have made the prediction believable at the same time.
Of course, no one is going to predict exactly the specifics, but there are a range of probabilities that some people will be more accurately predicting one scenario or another.
These performances are a bit beyond my previous expectations, but they are also within my previous expectations.
Same thing would be true, if the BTC price were to rise to $20k before the end of the year. I would put such expectation at less than 1% chance, but if such $20k were to occur before the end of the year, I would be surprised and shocked and amazed, but I would also understand such situation to have been a real possibility.
On the other hand, if folks attempt to predict future scenarios with any degree of certainty, then there is something wrong with their framing and their thinking.. because another possibility is that bitcoin prices could be below $300 before the end of the year. Currently, I would place such possibility at less than 3%; however, it remains possible, also.