Post
Topic
Board Speculation
Re: Bitcoin price predictions gone silence since the DIP.
by
EarnOnVictor
on 10/05/2024, 04:50:00 UTC
The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.

Who has observed that the speculations and predictions  of Bitcoin price has gone silence since the market went DIP after the halving?
What you just pointed out is what I term the lousy nature of many Bitcoin investors and speculators, I've never given it a thought because I know their type. It didn't just start today, it has started the very time Bitcoin has started gaining prominence. These guys can simply be called gamblers, and since many of them predict the price of Bitcoin when it appreciates upward, it is often easy for them to be correct, especially when the asset is in a strong bullish trend. Nonetheless, they are guessing on instincts and they are mostly wrong when they are either outrageous in their prediction or they predict the market when it is either stuck at a point or is in a bearish trend.

And now that their expectation is not working pretty fast, they keep mute and get discouraged. Wait till the Bitcoin price is moving higher, especially if it can breach and hold above $75,000, they will suddenly come out of their hiding and start running their mouths once again.