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RE: #30 - My Prediction - Bitcoin to Bottom out at $1,200 (60% drop from peak) on and in around 20 August 2017 (Other Crypto's will lag BTC)

in #bitcoin7 years ago

I don't have credentials wrt to this type of prognosis. Nevertheless, my prognosis has been since the first peak at 2500 for Bitcoin to get down to at least 1600, more likely to 1000 - 1200, possibly even more.

So, nice to see similar predictions made by a professional.

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Thanks for the comment @fricibacsi Bitcoin and crypto are in a bubble and a potential black swan event happening with regards the forking in BTC.
For BTC and all other cryptos, there are many potential black swan events which cannot be predicted by the most informed let alone the average investor and again even less so by the average Joe on the street.
It is possible for cryptos to go to zero and some will, the question is which ones?
This is my first posting on Bitcoin there will be more to come..... please resteem this post if you like it and follow me .. I wish to create lots of value adding content in the future :)