Quote from: jensentest on February 05, 2018, 03:36:35 PM

BTC development in the recent weeks:
$20.000 - bitcointalk users: yeah it will go up to $100.000 - invest now
$19.000 - bitcointalk users: oh a small drop, no worries, invest now
$18.000 - bitcointalk users: oh it's going up very soon
$17.000 - bitcointalk users: no problem, christmas and new year and you know
$16.000 - bitcointalk users: you know, high transaction fees and so on, will go up again
$15.000 - bitcointalk users: I don't know why but I feel it will go up soon
$14.000 - bitcointalk users: I don't know why but I feel it will go up soon
$13.000 - bitcointalk users: It's january, chinese people doing some stuff, but it will go up again
$12.000 - bitcointalk users: chinese people doing stuff
$13.000 - bitcointalk users: see! told you, going up again, will reach new high very soon! $100.000!
$12.000 - bitcointalk users: oh, just a random drop
$11.000 - bitcointalk users: ...
$10.000 - bitcointalk users: drop will definetly stop at $9000, because analysts said so.. invest now
$9.000 - bitcointalk users: that was predictable, so invest now, will go up from now on
$8.000 - bitcointalk users: the reason is the negative media coverage, but it will recover soon
$7.000 - bitcointalk users: will recover soon, hold your coins, will rocket in spring

Thank you. There is obviously a problem with the market if the only thing you can do is to rationalize drops after they occur, and not have any tools with which you can predict such drops. We are like leaves floating in the wind, no idea where we are going and why. In such circumstances, it is simply impossible to make sensible predictions, like a lot of people are tying and failing at.