RE: Has Bitcoin Bottomed in 2018? + EOY Price Prediction ft High Altitude Investing
It’s impossible to make a prediction. I mean everyone can make a prediction, but no one knows the future. For example in 2000 Nokia. Everyone was buying at $50.00.
Everyone thought it must go higher. If you asked them then How much would one Nokia share be worth in 2010? Most would say $100? $200? $500?
Well everyone was wrong. Today Nokia is priced at below $6.00.
On the other hand, look at the Apple. Today it’s over $1 trillion market cap company. My point is, no one knows. However, unless there is the end of the world, bitcoin won’t break below $6k support ever IMO. With increased trouble in emerging markets, more and more people find anti inflationary safety in bitcoin. At the end I agree with Dalin “don’t try to call the bottom and instead accumulate where you feel the bottom is”.