Post
Topic
Board Bitcoin Discussion
Re: Treating bitcoin as a teenager.
by
abel1337
on 12/11/2023, 17:00:15 UTC

One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.
I remember the days where those influencers are hyping things on bitcoin and really pushing it to reach $100k before the bear market starts. I can say that there's a chance but realistically speaking, the market isn't ready yet. People end up buying more and more because of the false hope that those influencers spread last bull market. I don't really like the influencer thing last bull market since there are so so so many influencers that has a crazy speculation especially in the altcoin and NFT markets where I can foresee that they are paid to speculate the price to an extent that it is not achievable. It's the same on bitcoin, we only experienced few bull markets and we still don't know where would all this price speculations can go. I hope that the speculations we have is closer to reality given that we all might disappoint ourselves, I personally think it's better to underestimate bitcoin because it really hypes me up when it exceeded my price expectation.