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Learning & News => News related to Crypto => Topic started by: newshunter on April 07, 2020, 07:00:38 PM

Title: Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made
Post by: newshunter on April 07, 2020, 07:00:38 PM

Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

Ethereum co-founder Vitalik Buterin picks two worst Bitcoin predictions ever made — by none other than McAfee and Dr. Doom

Source: Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made (https://cointelegraph.com/news/ethereum-creator-picks-two-worst-bull-and-bear-btc-predictions-ever-made)

Would appreciate your opinion about this

Title: Re: Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made
Post by: Alcor on April 08, 2020, 06:08:04 AM

Buterin correctly noted that many famous people are too light on their cryptocurrency price forecasts. But taking into account such forecasts, people commit their actions in cryptocurrency and often they turn out to be wrong. People need to be optimistic about the future of cryptocurrency, however, based on more or less real figures. I was always surprised by the forecasts of the price of bitcoin in excess of fifty thousand dollars. Therefore, bitcoin, already much behind in its development from many other types of cryptocurrencies, still rigidly dominates the price plan in the market and restrains its normal development.
If there weren’t such unrealistic price forecasts for bitcoin growth, the decentralized cryptocurrency market would not now look so skewed towards bitcoin, but would develop more proportionally.