Post
Topic
Board Speculation
Re: Greed makes the world go round
by
wopwop
on 09/04/2013, 19:58:07 UTC
As I have seen on many other markets, greed is the driving factor behind every bubble.
When will some people here see that it's their greed telling them that BTC will hit $1K by next week/month/year?

BTC is different from other markets in many ways, but it IS after all a MARKET- buy and sell.
I think that after greed and burst bubbles, comes the fundamentals and the real development of BTC. Does anyone agree with me?

Normally, I would have to agree. It's definitely greed (or let's say belief in making a good investment decision) that people do say that BTC will surely hit $1,000 and preferably as soon as possible. But in the case of bitcoin, this really can happen independently from what people say or not. And I believe there are some people that do say it purely because of fundamentals+intuition (and intuition, even though is highly irrational, is proven to be very important for every successful investor).

So normally, I would have to agree, but in bitcoin discussion, imho it has no sense to point it out really.
Bitcoin will surely hit that price, even much higher. But that will happen gradually and with time, not tomorrow.
you know, just because other people were bearish and the price went up, doesnt mean you have to pretend to be bearish and then secretly hope it goes up too