Ross Ulbricht is still optimistic about crypto

[vc_row][vc_column][vc_paragraph text=”A few days ago Ross Ulbricht published a bearish forecast of the short-term BTC price.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”It’s important for traders to handle emotions ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ulbricht, the former owner of the anonymous trading platform Silk Road who is now behind bars wrote that the bullish trend was over and the BTC price entered the last period of the bearish phase that began in 2018. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Not all of his followers took the prediction well, so he decided to publish a commentary. In this commentary Ulbricht explicitly stated that he is still optimistic but in the long term perspective, “These are my recent messages on BitcoinByRoss: Some explanation and long term perspective for those of you disappointed with my bearish forecast, and I want to reiterate that my mood is still bullish”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In the new post Ulbricht claims that being in prison let him take an independent stance regarding the BTC price long term evolution.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In the current situation the expert is less affected by everyday events and can define the speculative markets as “psychological traps”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ulbricht notes that large swings in price cause strong emotions such as uncontrollable optimism which has a great influence on traders.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This often leads to the solutions based on emotions that is directly opposite to what common sense and experience can dictate. Also Ulbricht underlines that no one can say for sure what expects us in future and no one has a total control over the market, so he only tries to outline more likely scenarios to be ready for the things that might happen soon. We should avoid dominance of emotions and try to “act but not react”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This is why not a single view of market can be 100% correct, and one should not bet all on it.”][/vc_column][/vc_row][vc_row][vc_column][vc_quote title=”As Ulbricht says himself, despite the bearish short term forecast there are some bullish perspectives, ” text=”“The point is that you should not be right in 100% cases in order to be a successful investor“. “][vc_heading title=”Crypto forecast bordering on fantasy” size=”medium”][vc_single_image image=”1344″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to Ulbricht statement, the next wave of growth may be even more impressive than the previous ones as it often happens to the third waves.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Currently the expert is proposing a completely theoretical and absolutely bullish hypothesis, “If we take the first wave as the reference point, it brought from $0.06 to $20000 with multiplying the price by 333333, and the bearish second wave may bring the cost back to $1000, the third wave will be just as huge as the first one.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It may lead the BTC price to the peak of $333 million”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Such assessment will correspond to the market capitalization of $7 quadrillion that 10 times exceeds the today’s world GDP.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Still this hypothesis is fully theoretical and it should be interpreted as a forecast.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Furthermore, the suggestion that BTC cost may turn back to $1000 is not supported by experts and calls into question the reasonableness of Ulbricht analysis.”][/vc_column][/vc_row]

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