Post
Topic
Board Bitcoin Discussion
Re: Bitcoin might never reach it's ATH anymore
by
davis196
on 24/07/2020, 06:10:02 UTC
This is not a price speculation thread, but a call.

People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.

Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

You are right.Bitcoin might never again reach the 2017 ATH,but this won't stop the traders and speculators from being obsessed with the Bitcoin price all the time.
The high BTC price volatility and the future ups and downs of the Bitcoin price guarantees high profit margins from Bitcoin trading,so the crypto traders will always be focused in the Bitcoin price.
We can't stop the clickbait bullish predictors from doing their clickbait BS.All those clickbait bullish pseudo experts and fake crypto gurus will eventually "shoot themselves in the foot",because less and less people believe in their analysis and predictions.