From the very beginning of Bitcoin, skeptics, including the world's leading media, have always created a lot of negative messages about the world's most popular cryptocurrency . However, despite all the predictions about the inevitable end of Bitcoin, it continues to strengthen, and its infrastructure and community grow.
Although the crypto-winter of 2018 made many enthusiasts wrestle, thinking about when the next price peak would be, one of Twitter users, $ carface , to which CryptoPotato refers, suggests that the next peak price for BTC may be $ 102,000, and for the order and $ 336,000 per coin.
Events of 2011
The publication of Forbes in 2011, "So, this is the end of Bitcoin," predicted the end of the most popular digital currency after the BTC fell from almost $ 32 to $ 15, and after that to $ 5 per coin.
“Looks like it's the end of bitcoin. Bitcoins are insecure, as recent theft and password problems suggest. They are not liquid and are not a means of accumulating value, as the collapse of prices shows, and if they are not one of these things, then they also will not be an excellent means of exchange, because who would like to accept them? ” Wrote Forbes then.
Events of 2013
Two years later, when the price of Bitcoin rose to $ 280, another story appeared, “Business is Over, Bitcoin,” published by Businessinsider in 2013, predicting an unfortunate end after the value of BTC fell to $ 110 per coin.
“According to the story, the bitcoin bubble has burst and it will collapse and disappear, as Pets.com and Lehman Brothers exist only in the memoirs of economists,” the article said.
In 2015, Jamie Dimon, CEO of JPMorgan, buried BTC when it fell from $ 1,100 to $ 395, predicting that the digital currency will not survive in the long run and that people are only “wasting their time”.
However, a few years later, JPMorgan announced the launch of its own cryptocurrency , called the JPM Coin.
Events of 2018
All the same Forbes, a few months ago, re-wrote about the inevitable and inexorable spiral of death for Bitcoin, when he fell to $ 3,432 from $ 20,000 for a coin.
“Future generations can read about bitcoins in a textbook on finance out of curiosity and wonder what was said ,” writes Forbes, the main cryptocurrency future.
Price history and market cycles show that for every significant drop in excess of 70%, the next maximum price reaches a point from 5.1 to 16.89 times higher than the previous price peak. If bitcoin follows this pattern again, prices can reach about $ 102,000 and $ 336,000.
If you think this is impossible, then how did it grow from $ 5 to $ 20,000?
Publication date 04/03/2019
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