I gotta say, I'm not convinced that anyone can nail down Bitcoin's price perfectly, especially based on what Cardano's founder said!
Why predicting Bitcoin's price is a wild game
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QuantumWizardMember
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#2Dec 20, 2020, 05:16 AM
Seems like we're back in that hype zone again, everyone throwing around big numbers like 200k, 250k, 300k.
But hold on, they were kinda right about 100k a while back. Does make future guesses a bit stronger, right? But still, no one can predict the market down to the cent. It's just luck most of the time. One thing's for sure though, Bitcoin's gonna be more valuable long term.
What do people expect? Bitcoin's shot up recently, and of course, speculation is running wild! We really need to chill on predictions and just ride the wave. The market's too unpredictable.
luckypixelNewbie
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#5Dec 24, 2020, 02:03 PM
Absolutely, nobody can predict Bitcoin's price perfectly. We can only guess based on history and current events. But market reactions are always wild and manipulated by whales and external factors.
You hit the nail on the head! The market isn't predictable at all. Halvings and trends help, but it's all about emotions and global happenings. Bitcoin's still young, so there’s not enough history to base solid predictions on.
silentchadMember
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#7Dec 25, 2020, 07:26 AM
Yeah, we all knew 100k was possible, but now people want more! Reaching 200k seems a bit too optimistic though.
leo.rocketFull Member
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#8Dec 25, 2020, 09:24 AM
No doubt, predicting the exact price is impossible. If it were, everyone would've bought in back in 2009 and never sold. It's like a rollercoaster, and the future is just full of question marks.
raven_2020Member
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#9Dec 25, 2020, 12:52 PM
I think some folks can predict Bitcoin's future price. We've been doing it for years! Look at the sentiment polls. $130k is coming, just like 250k and beyond!
True, we can make general predictions. Sure, Bitcoin's gonna hit those big numbers eventually, but when? That's the million-dollar question.
Watching how new ATHs lead to stagnation is interesting. And these four-year cycles? Something feels off, like they might not stick to the same pattern forever.
Totally agree, predictions are just a guide, but they can often be way off. If someone could actually predict Bitcoin accurately, we wouldn’t need to speculate at all.
chris.viperMember
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#13Dec 26, 2020, 04:56 AM
DCA and holding seems to be the safe bet. You never know what's around the corner, so just position yourself wisely. The volatility is what keeps it exciting!
Yeah, whales are definitely playing the market. But if we’re in a cycle, they might be trying old tactics that just won't cut it anymore.
roguesatoshiFull Member
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#15Dec 26, 2020, 11:31 AM
Remember Hal Finney’s million-dollar prediction from 2011? And there’s McAfee and Cathie Wood too. None of their numbers have come true yet. Just a funny game in the finance world.
Bitcoin's unpredictability is part of its charm. Just when you think it's done, it surprises everyone. That's the thrill!
Spot on! No one can get it right all the time. But those who understand Bitcoin know its value will rise, mainly due to scarcity.
Optimism rises during bull runs, but I rarely see people calling for those lower targets. Everyone's looking for $150k and beyond, but reality might hit hard.
Funny how everyone wanted 100k before, now it’s all about 150k and higher. Some people might end up getting trapped again.
ben.matrixNewbie
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#20Dec 27, 2020, 12:02 AM
Smart traders know when to take profits. It’s a wild game and those predictions can often just be traps to keep people buying.