https://coincodex.com/article/3891/bitcoin-to-reach-100000-by-end-of-2021-says-morgan-creeks-pompliano/
Topic: Where will the price stop ? - page 5. (Read 839 times)
According to Pompliano Bitcoin price going to $100,000 by 2021
https://coincodex.com/article/3891/bitcoin-to-reach-100000-by-end-of-2021-says-morgan-creeks-pompliano/
https://coincodex.com/article/3891/bitcoin-to-reach-100000-by-end-of-2021-says-morgan-creeks-pompliano/
thats the thing why most people lose money in the end , they think one trend will last forever that something that goes up will keep going up, they need to learn that everything that goes up must come down, its how its always been both in life and in trading
no, there is no "must come down" here. not just bitcoin but price of anything, there is no obligation to come down just because it went up!
price goes up until it reaches a "balance" but will continue rising as long as it is below that balance which is the balance between supply and demand and so far for bitcoin the demand is continually rising.
the only time the rise has to be followed by a "come down" is when it is above that balance or market needs a correction.
hey everyone I think it's time for everyone to be Happy and investing since the price is actually climbing over the roof now .Well there are few quotes that I came along on the internet made by some major websites , lemme state that out for you :-
*This was quoted by cointelegraph *
"As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."
"In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time"
"The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."
Just saving you guys from reading the whole para '
So according to these arguments , Bitcoins should be able to just strike beyond 20k$
But what do you think ?
Will the price stop here or just climb up
Is it okay for us to have an unnatural price prediction??
What are your thoughts on it ?
thats the thing why most people lose money in the end , they think one trend will last forever that something that goes up will keep going up, they need to learn that everything that goes up must come down, its how its always been both in life and in trading
hey everyone I think it's time for everyone to be Happy and investing since the price is actually climbing over the roof now .Well there are few quotes that I came along on the internet made by some major websites , lemme state that out for you :-
*This was quoted by cointelegraph *
"As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."
"In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time"
"The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."
Just saving you guys from reading the whole para '
So according to these arguments , Bitcoins should be able to just strike beyond 20k$
But what do you think ?
Will the price stop here or just climb up
Is it okay for us to have an unnatural price prediction??
What are your thoughts on it ?
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