Quote from: revilo on July 25, 2021, 11:53:53 PM

Quote from: Slow death on July 25, 2021, 07:00:13 PM

It's funny that when the price was going down a lot, all analysts and famous people kept saying that the price would go down a lot, they were all peximists, and now that the price is going up a lot, everyone started to appear again on the news channels and on social networks to say that the price will go up a lot, it seems to me that we will always see this same cycle:

price drops = everyone makes very negative forecasts

price increases a little = everyone shows up to make very high and exaggerated price predictions

and the cycle will continue for many, many years

It feels like it has been that way forever. The best choice you have is to mostly listen to yourself. I think in crypto it is even more about yourself than in other markets, for instance like in real estate. Real estate is so nontransparent and complex in a certain sense that getting an expert opinion can't hurt. When you grow up with crypto and you put some effort into it you most likely have sufficient expertise to really rely fully on your own judgment and the information you can gather on the internet.

The market is nothing more like a mountain, when it goes up it goes up, when it goes down it has to go down.

When the wheels go down you have to prepare the brakes so that they don't burst and when you go up you have to put up barriers so they don't fall into the abyss.
David Gokhshtein says Bitcoin Price Will Reach $80K, maybe he has seen some high mountains and needs to prepare some fuel before flying.