Post
Topic
Board Speculation
Re: Are people buying BTC @ $27000+ idiots?
by
South Park
on 07/03/2021, 01:23:34 UTC
What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

Of course, bitcoin has proven many doubters wrong, those who bought at this price are still going to profit. And people created these baseless threads are surely spreading fears amongst us, specially newbies. Just 3 months ago, bitcoin breaks the $20k barrier, and now we are already in the $50'ish, give and take.

So it a span of 3 months, majority are making a lot of money but simply holding. But those who still doubt bitcoin will be left because they are the won who are really the idiots here.
And yet people do not see this, I wonder if the difference between us and the rest of the population is that we are able to see the big picture and think long term? I have noticed that most people have a very short frame of thinking spanning a few hours and at most a few days, this is why they see the price of bitcoin and they they think it has reached its limit while for us this is just the beginning because we can see all the factors that point out to an even brighter future for bitcoin than what we are seeing right now.