Post
Topic
Board Speculation
Re: Road to 100k?
by
Taskford
on 26/05/2024, 09:23:08 UTC
And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."
Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

They should not decide base on expert they say opinion since these people are also not sure with possible result. They are just guessing base on their understanding but there's no really accurate basis that they are following and also bitcoin is unpredictable after all so there's no point believing them.

So instead of trying to follow their wild guess I think much better if we do our own due diligence to determine each situation so we won't get any misleading information.
And also we can stick on our plan and cannot be disturb for our plans to continue to look forward for $100k  since its up for people to decide whether they sell some part of their profit to get something from it or continue to believe that there would be great prices to reach for more years to come.