Thread: [Merged] Bitcoin - Part 3
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Old 26th October 2019, 01:37 AM   #263
psionl0
Skeptical about skeptics
 
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Originally Posted by Samson View Post
Any mathematician on this forum will understand that my post is nonsense, and if they do not they are not a mathematician.
ftfy. You don't even have to be a mathematician to understand this.

Face it, predicting bitcoin's price day to day is like predicting next week's lotto numbers. Pure soothsaying.

Based on history, one might be able to make some predictions for the long term price of bitcoin with a small degree of confidence. For example, there is a reasonable probability that the price of bitcoin will again exceed $20,000 - maybe by a big margin. However, we may be looking at years before this happens.
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
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