Post
Topic
Board Bitcoin Discussion
Re: Bitcoin always shames social media experts.
by
Bushdark
on 23/01/2023, 19:40:11 UTC
One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions.  One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.
Really, I don't see anything bad with trying to predict the cryptocurrency market which is the duty of a trader to analyze the market and look for chances and opportunity of when they can enter a trader to make profit. We can not be always accurate about the market that is why we need to keep upgrading our skill to make sure that we keep adjusting in anyway that could pose a thread to us as a trader.

For those influencer that are very confidence about there analysis, I don't see anything wrong with that even though they do that with ego, that's is there business because people especially the newbies are always looking for where to get information about the market mostly the ones that would yield result.