Peter Brandt Casts Doubts On Bitcoin Living Up To Its ‘High Expectations"

[sirty143]

Bitcoin has been trading sideways between $6,500 and $7,400 for over two weeks now. Yesterday, the digital asset suffered a 4% price loss with some continuation today after breaking below both daily... See more for yourself here.

Your opinion is greatly appreciated.

[Noverteno]

The next 2021 will be a very critical year for Bitcoin. There is a very high expectation of its price growth, which was significantly strengthened by the last May halving. If these high expectations from investors are not met, it looks like this could be the beginning of its end. In any case, in the role of the leader of the cryptocurrency. However, nothing lasts forever. Someday it will all the same happen.

[Alcor]

After the 2016 halving, bitcoin began to rise in value in the second half of 2017 and reached a price high of more than $ 20,000 by December 17. However, after a while, it dropped to $ 6,000 and has remained at an average of $ 10,000 since then. Will bitcoin rise in price at about the same rate next year, and most importantly, will it also fall after that?
If the expectations of a significant price increase in Bitcoin do not come true, it may well begin to lose its position as the leader of the cryptocurrency.

[Blaze]

well, I really agree because the more it develops over the years, the more technology will be created and more and more people will make transactions with digital technology.

[vegasus]

Bitcoin sideway is something very usual. Sometimes, we cannot get profits for several days because of the sideway condition. however, we can also get high profits for more days. So it means that as we think about BTC positively, we can get a more positive implementation of BTC. I don't know about him but his thaught will not influence me

[Jawahara]

It is always an inherent trait of bitcoin to push up then down within stipulated time. However no matter how it pushes, it will always recover in due time.

[TomPluz]

I am always amazed reviewing many bad statements from well-known and unknown people regarding the fate of Bitcoin especially those times when the coin is struggling. Well, we will always have many pessimist people especially on the future of Bitcoin and there is nothing we can do to make them turn around. Actually, they are adding more excitement to the Bitcoin movement., I am wondering what they can be saying that BTC is not almost $14K so far away from the $6K level around April (am I right with this assumption?). But then again nonbelievers will have something to rationalize things with.

[EthereumDev_]

It is always an inherent trait of bitcoin to push up then down within stipulated time. However no matter how it pushes, it will always recover in due time.

We must take advantage of the rise and fall of bitcoin prices as much as possible because so far we can provide a lot of profits with very much capital, we will feel the benefits.

[Fenix]

The next year will be very important for the fate of bitcoin, because the expectation of a significant increase in its price is very high. This expectation is greatly enhanced by the expectation of the price effect from the last halving, which occurred in May and, by analogy with previous cases, should lead to an increase in the price of bitcoin to at least one hundred thousand dollars. If this expectation is not met, a very long period of the bear market may ensue and it is still unknown how it will end. Therefore, let's hope that Bitcoin will again be on top.