Quote from: jaberwock on November 10, 2021, 07:23:11 PM

We should never feel bad about crypto, it is certainly something that we should always be hopeful about. Yes, there are times when the price drops but the reality is that as long as we can hang in there then we could make a profit. Obviously it is not going to be easy, and yes sometimes that is not something that we could all feel and emotions run wild and sometimes we can't help but feel bad.

It looks easy to say this when the price is so high, but even when it dropped to 30k you could check my posts and see that I have been promoting buying more crypto. Never get discouraged about crypto and always feel like you are doing the most rightful thing for your finances when you are buying it. Crypto may drop here and there but in the long run it has never failed to go up, and that is why we are buying it, not because it could be higher tomorrow, but it WILL be higher in the future.

Sorry to nitpick, but I think it's important when talking about investments, and what someone might perceive as investment advice. Reality, and "could" as you say don't really go together, at least not exactly. You're partially right that Bitcoin could continue to rise just like history has suggested, however the reality of it is we don't actually know. There's not one person out there that can say the true value of Bitcoin, well at least in price terms. Of course, depends what you perceive value to mean, if you perceive value to mean freedom of your finances when I imagine the value of it is pretty high, however since we're in the speculation section, and when most users say "value" they actually mean the price of Bitcoin.

Value, and price are two different things, and while one might contribute to the other they aren't exactly mutually exclusive. Bitcoin can still be valuable, if the price crashed. However, to get back to my point; Yeah, Bitcoin has continuously gone up in its history, and if we were to take history as a sole factor, we would be expecting it to continuously go back forever, but that likely isn't reality. Bitcoin, as with everything likely has a ceiling, and while you, and I might think that's a while off, we can't accurately state without a doubt in our mind that's the case.

So, while I definitely admire your optimism, I don't feel comfortable with saying "Bitcoin will go up", when I know there's many factors which could potentially limit that, despite wanting to believe that, and probably quite confident. I would rather say, "Bitcoin has the potential to go up" just because this could potentially be seen as investment advice, and for me I'm not particularly keen on offering investment advice when I'm not actually sure of the outcome.