Do You Remember Price Targets for Bitcoin for 2018 from the Beginning of the Year?

Yep, I know after 10 months of bear market your might hardly remember those.

But when bitcoin what at its peak, and even a while after, we could hear many experts "call" the price target of bitcoin at the end of 2018.

The peak was 20k. The forecast varied from the minimum of 50k to 100k at the end of 2018.

That would have been a nice round 250-500% profit for someone who entered at the peak of 20k.

But, in the FOMO of the period, and based on the end of 2017 bitcoin had, that sounded almost... plausible. I think even some of those "experts" really believed what they were saying, they were not merely manipulating.

That's because they kept saying it for months, only adjusting the expectations to lower targets so they won't seem like complete fools.

OK, so it looks like those dreams were shattered. We would probably be lucky if bitcoin would break the 10k psychological threshold by the year end.

Will the bull runs return to the crypto land? Sure they will. Will they be as crazy as before? Who knows?

FUD and FOMO are part of us, we can learn to coexist with them and avoid taking bad decisions, and even profit from them, as I wrote in a six-months old post: How to Avoid or Even Make Use of FUD and FOMO.