Did Bitcoin disappoint analysts?

[hani20980]

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$

 

[Ehizzy1]

It do dissapoint analysis and that is why some analyst just predict but its not always 100% true because the flunctuation is very hard to predict

 

[MastetG]

I will say not completely
Bloomberg analysts have predicted a price target of $50,000 for Bitcoin, implying a $1 trillion market cap for the cryptocurrency. They cite increased demand for the cryptocurrency, mainstream adoption and interest, and diminished supply as Bitcoin reaches its 21 million supply target as reasons for their estimated price.

 

[Erik4150]

I think bitcoin surprised all of them. The rise in value was shocking as it was unexpected. That is how the cryptocurrency market can be. It's volatility and unpredictability is something that can't be fathomed even by the so called cryptocurrency analyst.

 

[Josemendez]

I think the right term to use is to say that Bitcoin surprised analyst . People were first scared that Bitcoin will fall after the 25k price ,but it didn't , it rose up to $29,000 and is about to enter the $30,000 price mark . Presently Bitcoin may not easily fall again in this new year .

 

[Ralphjoe]

This is all prediction, Bitcoin is a highly volatile cryptocurrency so most of their predictions are not guaranteed of being correct. Bitcoin can disappoint so many people but it's also making others super rich.
Bitcoin's current movement is a great delight to me.

 

[gammarays]

That's one feature of crypto that one can't deny. It's so volatile that it can go any way. As for Bitcoin, many prophets of doom gave their analysis but we're disappointed in the aftermath. Most of them are even regretting their decision now and are joining the Bitcoin movement. Remember PayPal once castigated Bitcoin.

 

[Kinglegend01]

I dont think bitcoin disappointed analyst if anything they would be amazed although they wouldn't be entirely surprised because of the volatile nature of cryptocurrencies but I still think they were in no way disappointed with bitcoin.

 

[ahmedo24]

Sometimes ago, analysts were very disappointed with the sudden fall in the price of bitcoin, but after a while, bitcoin became so high. Just as a job holder person nowadays does not have enough time to do a part time work with his job. So, crypto currency like bit coin is best way of earning even at short investment. Bit coin got very fame in world of online working / investment. And day by day it has been spread in whole world.

Actually Bitcoin is currently trending on the positive side as people that has Invested in it for a very long or earlier this year are seriously smiling because the price has increased geometrically, in the days of challenges many dumped because they felt it won't rise again.

 

[Chief]

Thanks for your help with this matter as soon I get home from work until the funds are available for a quick call when you have a minute to be a little late today and tomorrow and will be in touch when I have a few questions for you to come over and have a few questions regarding.

 

[Nurudeen]

I don't think we should conclude yet that Bitcoin has failed some finanacial analyst. We need to see how Bitcoin will perform in first and second quarter of 2021 before we can start passing judgement on the analyst. But as far as am concerned Bitcoin is still a pump and dump coin like every other coin.

 

[Lagazine]

Prediction is not the final result, its under probability. It may come to pass and it may not. But, to those who believed an analyst are not correct, its normal to assume without it coming true. I have predicted that bitcoin will soon drop to $15,000 just wait and see.

 

[Niftyyem]

If I was told when bitcoin crashed in that year that a day would come when bitcoin will be priced at over $30,000, I may find it very unbelievable too. The analysts probably made their predictions based on what obtained then andi am sure they have other predictions now.

 

[Akinwale701]

Actually Bitcoin is currently trending on the positive side as people that has Invested in it for a very long or earlier this year are seriously smiling because the price has increased geometrically, in the days of challenges many dumped because they felt it won't rise again.

That's true.

 

[REPLICA]

I think that was the first and largest downfall in bitcoin's history so it was natural for analysts to predict such down prices but now it's 2021. 2020 helped bitcoin a lot to become a globally recognize cryptocurrency and lots of people around the world are joining cryptocurrencies now as a result the price of bitcoin is now 33.3k.

 

[ahmedo24]

If I was told when bitcoin crashed in that year that a day would come when bitcoin will be priced at over $30,000, I may find it very unbelievable too. The analysts probably made their predictions based on what obtained then andi am sure they have other predictions now.

The prediction has finally came to reality because it is already above $30,000 already and like most analyst predicted for this year, it all positive because they all projected above $30k. $51k was the minimum.

 

[Niftyyem]

The prediction has finally came to reality because it is already above $30,000 already and like most analyst predicted for this year, it all positive because they all projected above $30k. $51k was the minimum.

At the impressive rate that bitcoin is going, we may likely see that $51000 prediction come to reality sooner than expected. I would love to know how far bitcoin will go in this Q1 even with the pandemic still rampaging in many nations.

 

[Sincerem]

At the impressive rate that bitcoin is going, we may likely see that $51000 prediction come to reality sooner than expected. I would love to know how far bitcoin will go in this Q1 even with the pandemic still rampaging in many nations.

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.

 

[ahmedo24]

The fact is that if you want to invest in bitcoin now or since it started the Bullish run , just invest by taking the risk don't wait for a crash because it has not taken the direction of dropping anytime soon, the analyst and Influential figures are pushing for a rise not a drop in price. Follow updates to decide.

 

[Aniwhyte]

Of course it does, a lot of predictions has been going on here and there about the crashing of bit coin in thjs new year but the price keeps on increasing. But I guess the year is just starting, i would sir and watch as everything unfolds.