Post
Topic
Board Speculation
Re: Your predictions for 2019
by
thecodebear
on 15/11/2018, 14:22:00 UTC
Many experts agree that
Wish I was given a buck each time someone uses the term expert falsely. So many experts, so little sense.

just do not put your hope into it because we might see another leg-down again the future because of this confusion that was caused by BCH fork right now.
seriously it is killing our patience slowly.
What confusion? I think it's more so that people don't know what to blame for the decrease in price. People are always out to connect dots, and what's the easiest event to blame for the price fall? That's of course the BCash internal warfare. Not that long ago Goldman Sachs postponing their trading desk news was believed the have caused the previous price fall.

It was debunked shortly after when Goldman Sachs said that it was fake news, but the price didn't recover. In other words, that was not the cause.


Well the goldman sachs thing did cause the price fall, that is very obvious. The fact that the news was debunked later has nothing to do with the original event. In a bear market bad news makes the price fall and good news does nothing, so those two pieces of news did exactly what you'd expect. Also the original false news piece made much bigger headlines in the market than just a retraction later on, hell i didn't even hear about the correction until a couple weeks later. It's a bad argument to try to say goldman sachs wasn't the cause of the fall just because the news being fake didn't reverse the fall. It's a market based on psychology, not a physics equation, opposite events don't cancel each other out perfectly. It's important to know this.