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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 suppose the jury is out regarding how low will bitcoin go. The media has been attempting to erode confidence in bitcoin since the start, always latching on to negative press regarding bitcoin. I think bitcoin will survive, too many problems are solved by bitcoin. Then again, the history of bitcoin is littered with incorrect predictions. Bitcoin is a freight train, it will take quite a bit to stop it.

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@ryanreynolds sure I agree with you and my post echoes your response. What might stop BTC is the miners and their runaway egos. They seem to think about their own position and don't seem to think beyond into the market perception of their frivolous and sluggish behaviours.

Please resteem and follow me, while this is my first posting on Bitcoin I do plan covering a lot more on crypto and BTC.