Most people that investing bitcoin now, are just investing to make money. It annoys the hell out of me. 90% of people haven't read the white paper! Don't even know why decentralisation is a good thing! Don't know why the blockchain is such a revolutionary invention! It annoys me so much! These people just invest because they want to "get rich quick".
And the annoying thing is that if someone had told me about bitcoin 6 years ago, I still would have put all of my money into it. Unfortunately I'm only 16 so I didn't know ANYONE (when I was 9) that would tell me about bitcoin. I only just heard of it 7 months ago and henceforth, have become OBSESSED with crypto. Now I've dropped out of school for crypto and it really does my nut in when all I hear is "Bitcoin to $10K!", "Bitcoin to $20k!".
Deep down I actually hope that the bubble (yes it is a mini-bubble) pops after the Segwit fork and that the price goes back down to $2k. That way all of these stupid investors can suck their thumbs and get taught a lesson. 90% of these people also would have said bitcoin was a scam 9-15 months ago but now look at them. They run around like fucking idiots screaming "BLOCKCHAAINN!!!", "DECENTRALISATIONNNN!!!".
Smh.
Rant over.
The price actually needs to stay up to support the concept for the long term. We need "investors" to keep coming whether they fully understand the concept or not because this will not let the "value" diminish out of the hearts of those 90% investors whom you hate, that's because the value is what's keeping us all together. Read these words 100 times: WE ARE NOT USING BITCOINS AS MONEY CURRENTLY, WE ARE TRADING/BETTING OUR MONEY ON IT.
That's the reason most people are here, and there's nothing wrong with coming up with their own speculated levels because we are free to say anything, but the truth will be told by markets only.