Quote from: bengsabeng on Today at 03:23:07 PM

Quote from: Wysi on December 15, 2021, 05:42:17 PM

We know for a fact that Bitcoin is going to reach this level but we cannot be sure about the timing as most of the Bitcoin doesn't go a super our prediction because I have come across and even myself made similar predictions back in December 2017 stating Bitcoin will reach $1,00,000 in 2018 but that turned out to be bearish year for Bitcoin.

so you mean the current conditions are not much different from the conditions in 2017 and most likely in 2022 it will be bearish like 2018?
then how about the bitcoin price recovery is very fast and bitcoin reaches ATH twice in one year? it seems that fact is enough to prove that the current condition of bitcoin is very different from 2017. I think a bear market like 2018 will not happen again because currently bitcoin investors have grown very rapidly.

I believe that there are too many people who think that 2022 will be like 2018 because that is how the history showed them what could happened and basically chart reading is all about checking the past and seeing what has happened similar before and predicting what could happen in the future based on that. It doesn't mean that it will be true, obviously it is not something that will be exactly the same but in order to predict the future they feel like they need to look at the past.

I believe the same with you, I do not think that it will be like 2018, I believe that it will be totally different but that doesn't change the fact that all those people who believe in this "wrong" thing will end up trading as well which means that if they keep trading based on the past then they are going to shape the future with their movements and trades and could make it similar.