Bitcoin in 2018: forecasts and results
Last year, cryptocurrencies went through a spectacular downturn, declining in value by as much as 95%. The euphoria of 2017 and early 2018 left a nasty hangover. The most bullish experts were proven wrong. Sceptics triumphed.
At the beginning of 2018, we asked analysts on our Collective Intelligence Platform to forecast the maximum price of Bitcoin for the year. The special prize for the most accurate prediction was 1 BTC. Let’s review how collective intelligence and our superforecasters answered.
Collective intelligence results
First, we would like to sincerely thank everybody who participated. Recording your forecasts is a brave and brutally honest exercise. We all tend to remember our successful calls and forget the failures. Yet the most effective way to improve our analytical skills is by writing down our forecasts and carefully reviewing the mistakes. Thank you so much for being with us on this journey!
