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[aryan4]

Scott Minerd of the Guggenheim shared a warning about the Bitcoin price. Stating that the rise is likely to continue in the long term, Scott Minerd expects a 50% decrease in the bitcoin price for the short term.
In their own words: --- "I think Bitcoin will be corrected somewhere between $ 20,000 and $ 30,000." ---
What do you think of this prediction?

 

[CrazySher]

Scott Minerd of the Guggenheim shared a warning about the Bitcoin price. Stating that the rise is likely to continue in the long term, Scott Minerd expects a 50% decrease in the bitcoin price for the short term.
In their own words: --- "I think Bitcoin will be corrected somewhere between $ 20,000 and $ 30,000." ---
What do you think of this prediction?

No, I don't ever believe this prediction, btc price never gonna falling to this level, because there as no such big incident going to happen like 50 countries ban btc.

 

[yolaqueen]

It is a very controversial prediction because a correction of that magnitude has not been made by bitcoin in its life history, but since everything can happen, we will wait to see what happens with bitcoin.

 

[Wisdom01]

Am not sure if its going to fall below that amount, it would discourage the large scale investors from investing more in the coin ,i hope that doesn't happen

 

[aryan4]

Am not sure if its going to fall below that amount, it would discourage the large scale investors from investing more in the coin ,i hope that doesn't happen

Yeah I hope it doesn't happen.
I don't believe this prediction can come true. I think there must be great reasons for such an event to occur.

 

[achawaskey]

Prediction is still prediction until it come to past, since this year bitcoin prise has been on the increase side with less decrease.

 

[Wisdom01]

Yeah I hope it doesn't happen.
I don't believe this prediction can come true. I think there must be great reasons for such an event to occur.

I think someone cant just predict something without giving a quantifiable reason atleast on why such thing would happen , because for now , i don't see the coin falling that much , instead it would rise

 

[aryan4]

I think this forecast is based on some technical signals. Maybe there are other reasons. I guess what happened with tax discourse seems to support her prediction in some way. However, the figures she predicted are still too low that investors will find it difficult to accept.

 

[mildredtabitha]

Scott Minerd of the Guggenheim shared a warning about the Bitcoin price. Stating that the rise is likely to continue in the long term, Scott Minerd expects a 50% decrease in the bitcoin price for the short term.
In their own words: --- "I think Bitcoin will be corrected somewhere between $ 20,000 and $ 30,000." ---
What do you think of this prediction?

They are right. Bitcoin is going to fall. Just look what the pandemic is doing currently. How strong is bitcoin? Well, let's see in the next few months.

No, I don't ever believe this prediction, btc price never gonna falling to this level, because there as no such big incident going to happen like 50 countries ban btc.

Countries don't need to ban for it to fall. It is falling because of pandemic which is causing a financial collapse.

 

[Wisdom01]

I think this forecast is based on some technical signals. Maybe there are other reasons. I guess what happened with tax discourse seems to support her prediction in some way. However, the figures she predicted are still too low that investors will find it difficult to accept.

I think of today that the price keeps dropping ,there are fears for now on those holding bitcoin , because the price keeps dropping. Like its not going to increase again

 

[CrazySher]

No, i don't think so, as we suffered a complete lockdown in 2020 also, but it's price is increased crazily.

Bitcoin's price is increased by the factors like popularity, and how popular people adopt it and how much invest in it. So, it depends a big incident like loat it's popularity which, if people don't invest in it and don't use it then it will automatically lost its value.

Ok, take the above mentioned point with a pinch of salt as we don't know that which factor particularly boost it's price.

They are right. Bitcoin is going to fall. Just look what the pandemic is doing currently. How strong is bitcoin? Well, let's see in the next few months.

Countries don't need to ban for it to fall. It is falling because of pandemic which is causing a financial collapse.

,

 

[Fayiz]

I think Price of bitcoin May be decline again but I don't think btc will cross below 30k but we don't know what will happen next hope not happen bitcoin fall like that

 

[Wisdom01]

Today fall in price of bitcoin is something to worry about , what i want is the coin last bullish price movement to take place again,investors are loosing a lot

That might soon happen ,lets all be patient and wait for the market to turn for good ,i still have faith too in the price of bitcoin it would improve in price

 

[Niftyicon]

Those levels he predicted are just too low for a coin that tested over $60k more than once in the first quarter of the year. I sincerely hope such never comes true.

 

[Wisdom01]

Those levels he predicted are just too low for a coin that tested over $60k more than once in the first quarter of the year. I sincerely hope such never comes true.

Its really too low , we might see a fall in bitcoin but i am not sure it would be in that range ,because the price movement that would Not be less than $40k , but would continue to move high

 

[yolaqueen]

Am not sure if its going to fall below that amount, it would discourage the large scale investors from investing more in the coin ,i hope that doesn't happen

We all hope that this does not happen but the supply and demand of the cryptocurrency will determine the price in the days to come, let's wait to see what happens with bitcoin.

 

[Wisdom01]

We all hope that this does not happen but the supplyo and demand of the cryptocurrency will determine the price in the days to come, let's wait to see what happens with bitcoin.

The supply and demand would always be the judge ,because we could see more whales withdrawing than expected or everything goes as planned , we should just be optimistic

 

[yolaqueen]

The supply and demand would always be the judge ,because we could see more whales withdrawing than expected or everything goes as planned , we should just be optimistic

The whales set a very large guideline in the price of bitcoin, they have invested a lot of money to withdraw right now, they bet on the future.

 

[Wisdom01]

The whales set a very large guideline in the price of bitcoin, they have invested a lot of money to withdraw right now, they bet on the future.

They set their guidelines , that is why those whales usually manipulate the market to their favorite ,because they have their own target

 

[yolaqueen]

They set their guidelines , that is why those whales usually manipulate the market to their favorite ,because they have their own target

You are right in your comment, the whales are the ones that in one way or another influence the prices of the cryptocurrency since they, with their economic power, invest at the times that best suit them to obtain the best profits.