Speculation is not what should give newbies confident to invest, rather they should first have the believe in bitcoin, so that they can invest in a long term with confidence. Speculations might be right or wrong, and what people say about bitcoin price should not be taken serious. Speculations on bitcoin price has mislead some people in the sense that, they start waiting for the dip to buy at a bottom price of their own target, and most times it ends up up playing out and the will miss out, still sitting on the fence believing that the price will certain come true due to what they hear.

Speculations can also give false hope to newbies, that will make them think that bitcoin is a get rich quick scheme, and they will use the money for an important aspect of their lives to buy bitcoin believing in what people told them or what they hear on T.V, and if bitcoin price did not play out that way as speculated, they will get disappointed, and sell of in loss. I am not saying that to speculate is bad, but we shouldn't put that in mind when investing, rather we should see bitcoin as a sound investment that will safe our money from inflation in the long run and also give us good profit in return as a benefit of hodli for long.