The ups and downs of Bitcoin's courses also reflect something special. This shows the deep division between people who think differently about the monetary system. In the ranks of cryptocurrency followers, too, there are very different views on the current rates of the individual coins.
In December of last year, the founder of the consulting firm Standpoint Research, Ronnie Moas, made a forecast. Moas is considered a Bitcoin advocate and should, so a report, have made some of the most accurate price forecasts so far. On Twitter, Moas now confirmed his prediction that Bitcoin would reach $ 28,000 by the end of the year. In some subsequent tweets he regretted the current sell-off. In his opinion, this stemmed from Crypto investors bowing to the top 1 percent of investors.
In the meantime, the co-founder of Ethereum, Vitalik Buterin, spoke to the news channel Bloomberg. This happened on the sidelines of a conference in Hong Kong. Buterin explained his view on Bitcoin's current price drops and the cryptocurrency.
So said Buterin:
“The blockchain area is currently reaching a point where there is an upper bound in sight. If you are talking to any educated person, he probably already heard about the blockchain. There are simply no opportunities to grow that way by a thousandfold. “
Bitcoin Price is Cyclical
Crypto-Creator Omar Bham, on the other hand, took a big step backwards. On Twitter he presented two charts. One chart showed the Bitcoin price from August 22, 2013 to January 17, 2015, while the other chart traced the trend from November 8, 2017 to September 8, 2018. Both charts were extremely similar, so Bham wanted to show that he was assuming a falling price.
In a new report from the rating agency Weiss, the analyst Juan M. Villaverde outperformed Bitcoin from a level of 6 US It showed that the rise of Bitcoin was not linear. On the contrary, Villaverde explained that it is a pattern that is both cyclical and predictable.
“Bitcoin is experiencing a strong bull market, parabolic rise in speculation culminates. This period we call “the climax”. This collapses when the speculators retreat in panic. The course then consolidates over months. It shows a little active sideways movement or a downturn. Only the really stubborn survive this. “
Villaverde closed his analysis with a forecast. Accordingly, we expect a new upward cycle. However, the market now has more liquidity, so “the peak” should be less extreme.
Sources: Twitter 1, Twitter 2, White Cryptocurrency Ratings, Pixabay
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/experte-bleibt-dabei-bitcoin-kurs-forgnose-weiterhin-bei-28-000-usd-bis-ende-2008/
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