Quote from: bakasabo on July 21, 2022, 07:19:35 AM

Quote from: Nicholas Schaefer on July 21, 2022, 06:17:15 AM

According to technical analysis and experts the price of bitcoin is expected to rise by the end of this year. But many such predictions were also made in the past, it is better to be on the safe side and not invest the money which you can afford to lose.

I suggest you not to trust all these experts and people that dream that "bitcoin will rise by the end of the year". First, because they quickly and easy change their predictions. One day they talk about rise, the next day they give reasons why we see a decline. Second, have you noticed, that they mostly predict positive outcomes? Nobody predict price fall by the end of the year. I think such predictors try to work on emotions. That is why I suggest make own and trust only own predictions.

The weird part is, when you take the "bitcoin will increase before the year ends" , you could be right and you could be wrong and there is nobody that knows if that's true or not. That is why I believe that we are going to see some experts that are right most of the time. Sure some "experts" spend a lot more time on what they are doing and they do end up with a good amount of return, they are mostly right thanks to that.

But at the end of the day, there isn't a single person in the entire world that "knows" what's going to happen. Just let it be and you are going to be fine. All in all, just trust your own research and you are going to be doing a lot better in the long run.