Did Bitcoin disappoint analysts?

[Niftyyem]

Bitcoin disappoints sometimes and also impress too. Like last December I never expected the coins to rise the way it is now. Just a month and 15 days ago, the price of Bitcoin was peaked at $15900. Now look at the current price now and see the big changes it made.

We were on thesame page about that rise in bitcoin. I remember selling some at $19k+ because I thought that on touching $20k, there might be a free fall. I guess I like that the case was not like that.

 

[btaliat]

I cannot really say it disappoint them. Cryptocurrency is a game of predictability. Just like football, analysts can predict outcome of a match but it doesn't mean the prediction must be right. Cryptocurrencies are volatile in nature, you remember.

 

[Sincerem]

We were on thesame page about that rise in bitcoin. I remember selling some at $19k+ because I thought that on touching $20k, there might be a free fall. I guess I like that the case was not like that.

That's fear factor, that need yo be erased. If we are to make anything tangible online we need to eliminate fear and tension. Employ patient and bravery to endure and withstand the pressure caused by fear in order to reach our aim.

 

[Kamon c4]

Bitcoin has surprised everyone not only analysts. There was tension in the air when bitcoin hit the projected $20,000 mark for 2020 and before the year ended it rose up to $27k. Most analysts had predicted a massive fall just like 2018 but one thing I noticed was its demand kept increasing. Looking at the rate at which purchased bitcoin even when it hit $20k I will say bitcoin will continue to increase for the next few months

 

[Tienda]

Technical analysis maybe they will not predict the exact price, but yes they can show you the right way where is the price going up or to drop. This is very important to take a good decision when you trade.

 

[BrolySSJ]

When Bitcoin fall from 20000$ to 3000$ in 2018 A lot of analysts expect bitcoin to fall even under 1000$
and some of them call it as scam but now bitcoin rise again and hit 15900$ and there is big chance for BTC
to pass the last maximum value of 20000$

I think that analysts must have been surprised by the uprising of the bitcoin price, especially those that are skeptical about the currency as a whole and that have not invested in it. bitcoin has been doing very well and seeing that the price is so high with it being able to recover from major drops as we saw last year shows a lot of promise for the future.

 

[Patrik]

Probably when that happened, bitcoin dropping in price was something that wasn't happening that much, when it's a normal thing now, just liked it disappointed them back then, it will amaze them now

 

[Ltherman]

There is this newsletter i have access to on a monthly basis and the author has been one of the most consistent authorities on the price movement and some of the potential coins to buy now for the future and Bitcoin has always been the no.1 recommendation and he does this with detailed breakdown of why he is doing so. Just try and check out teeka tiwari

 

[Iamsodex]

Over the past few years btc has actually disappointed analysts who claimed btc would drop drastically and even went as far as saying btc is scam, its quite funny that almost half of those who called another online scan now possess alot of btc in their various wallets as portfolio. Btc will keep rising giving the demand factor

 

[Donkiz]

The bitcoin bubble bust was an opportunity for people to jump in and invest in bitcoin but only few people had the foresight to grab the opportunity,and the analysts prediction of bitcoin price crashing further equally discouraged most people from investing then. Even though the analysts were wrong then but their prediction were based on the information currently at their disposal then, which later turn out to be unfounded.

 

[Suba]

Analysts only predict or forecast, a situation that will occur in the future based on historical and other data (such as us in preparing a budget), then the analysts estimate the price that will occur, of course nothing is 100% accurate, close to 10% means that the prediction is very good.

 

[Heatman]

When Bitcoin fall from 20000$ to 3000$ in 2018 A lot of analysts expect bitcoin to fall even under 1000$
and some of them call it as scam but now bitcoin rise again and hit 15900$ and there is big chance for BTC
to pass the last maximum value of 20000$

From the looks of it with the way market analyst are explaining, bitcion is expected to keep rising up to $30,000 within 2 years. For those who took the opportunity to invest when it fell to $2,000 can you imagine the amount of profit they have made within a few years?

 

[Nomad]

bitcoin is very unpredictable. you can never predict the price. If people could predict the price, bitcoin would have never been so prized asset. No one can become certain about bitcoin

 

[Sincerem]

At times Bitcoin is highly unpredictable, at times too, it is predictable. Those who study the market all day, hang around it for long to see how things go around it through the updates they get all round from different crypto news sources. Helps them to be up to 70% accurate analysing the market.

 

[Heatman]

Will bitcoin kill himself for people, the cryptocurrency has been in business for a very long time and looking at how it has developed over the years and how people has used in a lot of ways and actually help people to make a lot of money.

 

[GIFTMICHAEL]

Bitcoin has been like that all year since its inception into the digital world. The price falls down and also rise fantastically. Those who doubt it, is regretting about the high increase of BTC now.

 

[Heatman]

Well personally I don't see anything wrong with what is happening with cryptocurrency or bitcoin per say because the coin has been behaving that way ever since it was invented and it is still profitable for people to invest and it just that he doesn't add more profit as I used to be.

 

[Sincerem]

Will bitcoin kill himself for people, the cryptocurrency has been in business for a very long time and looking at how it has developed over the years and how people has used in a lot of ways and actually help people to make a lot of money.

Very funny message dear. Bitcoin is regulated by the creators and whales. So the price pump up when the demand and supply remains high.

 

[Heatman]

Very funny message dear. Bitcoin is regulated by the creators and whales. So the price pump up when the demand and supply remains high.

No matter how up and down the cryptocurrency Bitcoin gets, it's lived up to its expectations in my book because since 2009, the cryptocurrency took a massive stage.

 

[Damscooguns73]

Concerning if Bitcoin did disappoint analysts. Well, I don't really know or pay attention to some analyst of the crypto currency Bitcoin because some are just prediction and are not totally precise, though some of them might be correct and might have corresponding analyst