Quote from: Similificator on May 23, 2023, 10:06:08 AM

Quote from: Godlovesyou on May 16, 2023, 02:02:02 PM

Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

Well, that's just how most of the people are. Choosing to only believe what they want to believe. Emotional biases are really dangerous when investing. Even with the basic knowledge about trading and investing, if a person is not well in control of their emotions, they are bound to make wrong decisions one way or another. Well, there's just nothing you can do about your friends right now since only experiencing some losses would make them learn better about self-control or the need for knowledge (in case they still don't know at least the basic about trading and investing in this industry yet) to make profits rather than losses on any market condition.

I think that is the most dangerous thing in crypto investment ever. We should not be considering what we are doing as the right thing, or just because we believe in something doesn't mean that we are right and we could turn out to be wrong. So, we should be preparing to be wrong at all times, not enough people do that and that's a huge risk. I know that it is not going to change much, but we should be focusing on what would happen if the price doesn't go to where we expect it to go.

If you are ready for that, then it will not be able to hurt your finances because you will be ready about it as well. Crypto is volatile, it may go up, it may go down, both of them are equally possible and you should be ready for both of them equally as well.