The predictions from Tone Vays on the price of bitcoin for the 2020 draw a picture that, in their opinion, will first go down and then enter an uptrend. The analyst, operator of markets and youtuber, is of the that believes that the price of the main criptomoneda will begin to low the next year and that it would break again the barrier of 6,000 us dollars.In his speech to the Bitcoin Future 2020 Conference, Vays noted that the price of bitcoin will never return to zero, but he noted that the price of BTC is a signal that remains overrated.“There are many who misunderstand, no matter how optimistic to be about bitcoin, I’ve seen it on numerous occasions that the issue price is overvalued (…) I Think that the price will drop to less than 6,000 (dollars), at the beginning of the year that comes before a bullish trend”, stressed Vays to make reference to the fact that there are people who judge for being, at the same time, an advocate of bitcoin, but who is skeptical about their contributions, especially the bulls.Vays also touched the aspect of the dominance of bitcoin in the criptomercado and predicted that this will be 90% to keep going up, with the elapse of time, until you get to the 99%, so that practically there would be no place for the altcoins in the future. The speaker recalled that during the 2019 dominance of bitcoin fell to a minimum of 35% then to 70%.
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Precautions to invest in bitcoin
A point which questioned Vays is that there is still a huge education deficit among the people who seek to relate to bitcoin and that have ended up cheated or losing money. He also cited the case of those who invest with the sole intention of becoming wealthy individuals. For the bitcoiner the right mindset is to know why you are buying the bitcoins.“If you are going to buy bitcoins for the fact that you will become rich, you’re going to discover very fast that you will be ruined. (…) People are generally buying at the top of the price and sold by frustration at the lowest price,” he added Vays, who is one of those who believes that people who invest in BTC must be willing to keep them, at least, four or five years before determining if it was worth it or not to inject funds in bitcoin.
Predictions will come and go
Four days before his comments in the Bitcoin Future 2020 Conference, Vays had posted that the price of bitcoin would fall from the $ 7,000 and that it was a good opportunity to acquire BTC. Two days later the price dropped to less than 6,500 us dollars.In addition, this week, after an intervention by the billionaire Tim Draper in the program “Fast Money” on CNBC, Vays questioned the statements of the executive who said that bitcoin will reach a price of $ 250,000 for the 2022. Vays indicated in a tweet: “After listening to this a coverage price of $ BTC on @CNBCFastMoney shaping up to @TimDraper saying that #Bitcoin can reach $ 250k for 2022, now I’m much more bearish than this morning.”In an interview granted to Breaking News, in September of this year, Vays, who is a exoperador of Wall Street, he asserted that the lesson for large global financial markets is that you can not force the consensus in Bitcoin. The bitcoiner also referred to the halving of bitcoin and suggested that the price will rise in the trend between 2020 and 2021.