Post
Topic
Board Economics
Re: Where's my free money?
by
Kimonoe
on 23/12/2019, 04:27:56 UTC
Why we are to even believe such basic “predictors” if the market is believed to be volatile and uncertain? Because sometimes they randomly get the point right? Genuine question

Hah If you recall the boom of 2017, then at around 20,000 a huge number of people believed the predictors who promised that bitcoin would grow even higher.
There were a lot of such predictors, and all as one spoke of continued growth. Already then it became clear that not one predictor knows anything for sure.
But as we can see today, people still continue to believe them.
The news was widely spread because there was a group of people who wanted to take advantage of the opportunity to make money. with so many investors investing, then they start selling it and finally many are consumed by fomo traps. therefore we must start using logic to avoid trapping their scenario