Quote from: Ale88 on Today at 07:09:06 AM

Quote from: Lida93 on November 09, 2023, 09:10:33 PM

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 agree with you, people tend to forget how new bitcoin is after all. We live in an era where we are used to have everything fast, and we want it now, that's why there are so many people who lose money while they try to get rich pretty much overnight with some ridiculous investment, people have no patience so they say that bitcoin doesn't work/it has failed because they have expectations that are just too high.

If am not mistaking prior to bitcoin there have existed other cryptocurrency before now which die before the project even started but here's bitcoin which at first greater number of us who are adopters today 10 years ago never thought bitcoin could gain the value it has now with an ATH of $69k.

The mainstream is doing great when set juxtaposition to other tech devs that were all created same period with and that's why we've to appreciate that level it's going, too high expectations and predictions can be misleading to others who are just getting to adopt bitcoin when they read those high figures with expectations and at the end of the halving and bull run it wasn't met I wonder what thoughts would be going through their heads.