But I thought $50,000 per 1 bitcoin will happen on 2018? What happened? Are the
experts now backing out from their predictions they have made last year hehehe?
Only a brave and irrational person would be bullish in these bearish times. I reckon we have not seen the end of this crash yet and it might happen for the whole 1st half of the year.
"We've seen it go down 50% at a time. It's quite a resilient currency/commodity/asset that just keeps going up afterwards," said Ran Neu-Ner, host of CNBC's "Cryptotrader." "I think 2018 is the year where the mechanisms to allow retail consumers to get into cryptocurrencies start to open themselves up … The price will become more stable.”
Last week, Neu-Nur predicted bitcoin bottoming around $7,500, indicating that he couldn't see it going much under that due the big uptake in crypto trading, particularly highlighting "a lot of retail money that has gone into bitcoin." A day after his interview on CNBC, the investor "pinned a tweet" forecasting bitcoin to finish this year at $50,000. Read the full article https://www.investopedia.com/news/bitcoin-will-bottom-7500-then-surge-20000-and-stabilize-yearend-early-bull/
