Post
Topic
Board Bitcoin Discussion
Re: Treating bitcoin as a teenager.
by
Spaceman1000$
on 10/11/2023, 20:38:42 UTC
I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.


A number of persons might suggest i move the topic to speculation board, however I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

I had the same thoughts going through my mind sometimes back, as people place too much emphasis on the expectations on Bitcoin and they've already gotten a certain price tag that they're expecting in the next bull run to which I've asked, what if it doesn't go as you've predicted, hope you will not be disappointed, hope you will not find it to say your investment did not go as planned because, the price didn't exactly go the way you want it. bitcoin is still expanding considering how long it has been on the market. So I agree that People should take a chill pill on their expectations.