Quote from: CarnagexD on January 30, 2020, 05:22:54 PM

Quote from: HarmonyA on January 10, 2020, 11:13:53 PM

Quote from: K_os on October 14, 2019, 12:24:08 AM

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Price predictions are the hole that crypto holders and traders fall into when done emotionally.

But these price predictions are sometimes right however. That's why people still want to dive into bitcoin anyway. They wanna know how it will fare in the future, and see if the profits they get are nice for them. Which I know is wrong but this is one of the biggest ways people get interested in cryptocurrency in general. So unless people find a way to get more investors in cryptocurrencies, we can't really stop them from plotting predictions.

This is just human nature in action. Honestly, we are into something because we are expecting to get from it. In other words, we are always thinking "what's in it for me" whenever we are venturing into something and this kind of mindset is very much present in the world and market of cryptocurrency, hence we are always encountering a huge speculative volume here. I would not say this is bad but, of course, we are looking for growth in other areas like the real adoption where people are really using Bitcoin as a currency in our lives every day, but we know that this is where the biggest challenges is. With Bitcoin as a store of value and possible haven, in my view this cryptocurrency is quite on that.