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[hibi3454]

Hey there everyone!

Ulbricht, Silk Road's creator, pointed to a claim he made for December, in which he predicted a collapse in BTC value being less than $4,200 would almost certainly result in a bear market. Ulbricht predicts BTC could plummet down to $3,200 in this case, on April 12 2020

What could this mean for the likely future of BTC?
Thanks for Reading!

 

[Brain]

We all know Bitcoin price fluctuates and anything can happen with a thing like that. For today it still above 7k i e 7,458 when I checked last. So if it falls it might be long before it's goes back up.

 

[hibi3454]

We all know Bitcoin price fluctuates and anything can happen with a thing like that. For today it still above 7k i e 7,458 when I checked last. So if it falls it might be long before it's goes back up.

Yeah that is true honestly, the price of Bitcoin and many of these cryptocurrencies heavily fluctuates everyday or so, and you are right about the price taking long to rise back up once it has fallen - however, this is the golden time to purchase crypto for investing

 

[Brain]

Yeah that is true honestly, the price of Bitcoin and many of these cryptocurrencies heavily fluctuates everyday or so, and you are right about the price taking long to rise back up once it has fallen - however, this is the golden time to purchase crypto for investing

Definitely, if one can invest now buy hold to sell later when it has hit like 10k or more it will really be a rewarding one. For me trading Bitcoin can be profitable if done appropriately.

 

[SCAMEXPOSER]

I love the way it fluctuate cos it allows trading to takes place, you can sell or buy Bitcoin at any time of your choice and if you knows the tricks you will make your money from it, the bad side is for it to rise beyond control.

 

[hibi3454]

I love the way it fluctuate cos it allows trading to takes place, you can sell or buy Bitcoin at any time of your choice and if you knows the tricks you will make your money from it, the bad side is for it to rise beyond control.

Well your point does definitely make lot of sense because this rise and fall of price of crpyto for sure creates a window of trading to take place, yeah it can be uncontrollable most of the times though

 

[SCAMEXPOSER]

When bitcoin price shoot from $10000 to $20000 suddenly then it returns to $8000 within months this will not be good for Bitcoin investors cos every one will be scared to invest but with reasonable rise and fall give hope for investment and trust in crypto currency.

 

[hibi3454]

When bitcoin price shoot from $10000 to $20000 suddenly then it returns to $8000 within months this will not be good for Bitcoin investors cos every one will be scared to invest but with reasonable rise and fall give hope for investment and trust in crypto currency.

Yes I agree that many people will be really scared to try to do any sort of business or investment relating to cryptocurrency but there will always be those risk-takers that will assess this risky situation and take a huge risk for either a massive success or a drastic failure

 

[RaOne]

I don't think so, there is no strong proof or a reason for that, i believe in the opposite, because due to the current pademic, its usage has been dramatically increased and that's a good thing .

 

[SCAMEXPOSER]

The price is seriously moving higher , it is currently at $8500 which is good sign,, it few days to bitcoin Halving let see how the price trend this week.

 

[siopaw]

BTC price is still moving up.

 

[Wisdom01]

Well I would say its still unpredictable ,no matter the way in which he/she tries put it, even right now the price is $11000 plus currently so no one can predict its price

 

[Balint098]

In the end this prediction missed it's mark since bitcoin soars in price instead of dipping due to the stalled economic activity caused by this pandemic.

 

[Wisdom01]

When there wasn't pandemic analyst never taught it might reach that extent because the pandemic really causes different things ,some countries currencies were even devalued

 

[tyteltye83]

hodl for longterm. Everything is opposite when the narrative is to sell buy and sell when it ia to buy

 

[Reznov]

as usual, those are just claims based on calculations without taking other measures on consideration :
https://www.beermoneyforum.com/threads/bitcoin-bypasses-the-11k-usd.92009/

 

[microunit]

guess some big names are just predicting without much valid researches to back it up, though some of these big names can affect the mentality of people to buy or sell bitcoin

 

[ascott]

anything will happen , In my whole time I didn't seen either one prediction by reputed people gone be true... its hard to predict ....so cannot say any thing

 

[Brain]

With the situation if things now with btc I think this prediction didn't come to pass because btc reach the all high instead last year and I'm seeing it climbing even more this year

 

[MRizwan530]

Hey there everyone!

Ulbricht, Silk Road's creator, pointed to a claim he made for December, in which he predicted a collapse in BTC value being less than $4,200 would almost certainly result in a bear market. Ulbricht predicts BTC could plummet down to $3,200 in this case, on April 12 2020

What could this mean for the likely future of BTC?
Thanks for Reading!

I am agree with him Bitcoin value will not be increased to 35,000 dollars becouse it has been pumped enough and now its value will be remained between $30,000 to $33,000.