Quote from: crunck on January 29, 2023, 03:58:08 AM

Quote from: Fiatless on January 21, 2023, 06:42:12 AM

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.

But the problem is that even if their prediction is wrong, they still have millions of followers, what about you, does anyone follow you? I mean, it's their job so they have no shame in doing their thing, because their ultimate goal was to make money and they did. I believe you are following those people too, because if you don't follow them how do you know they are wrong about bitcoin? So stop chasing and laughing at them, focus on how to hold more bitcoins than them, that's the goal you need to aim for.

You have a point, there will always be experts giving their predictions about bitcoin, and whether they are right or wrong what it should matter to us are the results we can achieve on the markets.

After all even if those speculators are wrong I am sure they have found a way to make money with all those followers anyway, while in our case our profits or losses depend entirely on our ability to predict the markets and take the correct decision based on those predictions.