Quote from: South Park on April 11, 2019, 07:07:33 PM

Quote from: Zemomtum on April 09, 2019, 08:53:20 AM

With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict. All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground. They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames to someone that is directing your decision financially. I have found out that majority most times are always wrong.

Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.

I did not notice that the crazy predictions had already began, could you share a link to those predictions? Because even if I have seen people that were very positive about the gains in the price of bitcoin during the last week I failed to notice anyone giving those kind of predictions, in fact most of the people were very moderate in their enthusiasm and were very cautious about it, so I find it surprising that some people were so bullish and that some investors were as naive to believe them.

When the market increases, they can predict anything based on their psychology. I think we should only see this as a reference because they don't have any links to prove it. In my opinion, this price increase will not last long and there will be a big adjustment in the market and today the value of many big coins being affected makes many people having financial difficulties.