Altcoins News
By Dan Saada
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Ethereum (ETH) Dig out Good Old Predictions that Went Wrong
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Vitalik opines that Cyberspace is one area where privacy is facilitated through cryptography. He feels that it is important to fight to keep it.
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Vitalik.eth tweeted: “Price predictions on the crypto space are notorious for turning out very wrong - on both the bull *and* bear side.”
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Sydney Ifergan, the crypto expert, tweeted: "Price prediction in the crypto space can be funny many times.
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What influences the price of Ethereum (ETH) or Bitcoin is something none of us clearly know. The entire market flows in relative momentum.
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There are no clear ideals about what the risks are in the crypto market, what contributes to the value, and what, in reality, brings down the cost.
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Vitalik opines we need a social incentive to say sane things. He thinks it is a good idea to dig out good old predictions that went wrong and laugh them out loud.
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He recalled how John McAfee has been talking about a model he used to predict Bitcoin price and about how the price, in reality, accelerated way ahead of the prediction made.
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Gabor Gurbacs, a Bitcoiner, in turn, digged out on Vitalik predictions about the timelines for ETH development and stated that Vitalik was also wrong.
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Vitalik agreed he was wrong, but an interesting line was added to his acknowledgement.
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One of the twitter enthusiasts stated, that Vitalik was more than wrong about Ethereum ETH. He stated, "Not even talking about ETH foundation, but most of the industry.
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It would be nice to have someone who will make predictions with a reasonable level of confidence as opposed to overconfidence.
The Currency Analytics
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