Bitcoin always shames social media experts.

samcoin

hero member

Activity: 1358

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Bitcoin always moves in opposition to what the crowd predict, and it has no pre-decided path, so most people will be false with their predictions. We can't blame social media celebrities, because they are mostly interested in raising the number of their followers, and maybe some of them don't even hold Bitcoin. The blame should be redirected to people who listen to an unknown person with no proven experience telling them Bitcoin is going down. Anyone can learn some TA to be responsible for their decisions without depending on others regarding when to buy or sell Bitcoin.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

This is not a feature of Bitcoin. Bitcoin itself doesn't have anything to do with it. This is just how the price of Bitcoin behaves. And this behavior is not because of Bitcoin but because of the public, their interest in particular.

Bitcoin's price is unpredictable. No expert is good enough to predict it. They are only good when looking back. They have all the explanations and illustrations why this and that happened but with all their knowledge they still cannot tell which direction Bitcoin takes the next minute.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: crunck on January 28, 2023, 10:58:08 PM

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

But the problem is that even if their prediction is wrong, they still have millions of followers, what about you, does anyone follow you? I mean, it's their job so they have no shame in doing their thing, because their ultimate goal was to make money and they did. I believe you are following those people too, because if you don't follow them how do you know they are wrong about bitcoin? So stop chasing and laughing at them, focus on how to hold more bitcoins than them, that's the goal you need to aim for.

You have a point, there will always be experts giving their predictions about bitcoin, and whether they are right or wrong what it should matter to us are the results we can achieve on the markets.

After all even if those speculators are wrong I am sure they have found a way to make money with all those followers anyway, while in our case our profits or losses depend entirely on our ability to predict the markets and take the correct decision based on those predictions.

crunck

legendary

Activity: 1176

Merit: 1005

crunck

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

But the problem is that even if their prediction is wrong, they still have millions of followers, what about you, does anyone follow you? I mean, it's their job so they have no shame in doing their thing, because their ultimate goal was to make money and they did. I believe you are following those people too, because if you don't follow them how do you know they are wrong about bitcoin? So stop chasing and laughing at them, focus on how to hold more bitcoins than them, that's the goal you need to aim for.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

Not only bitcoin but all financial markets are unpredictable, including gold or other assets. The predictions of social media influencers are like our predictions, there will be right and wrong and that is completely normal. What I am more ashamed of are lazy people, who do not give their analysis but trust the predictions of others. Instead of ridiculing and insulting each other, we should focus on our expertise, research and provide our own analysis.

lissiacmag

newbie

Activity: 8

Merit: 0

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

The predictions of many experts are highly subjective and purposeful. Many speeches are highly inductive. Thinking about it another way, experts are not game rule makers or cryptocurrency creators, and do not understand technology. Their more sources of information are various news and market charts. The conclusions of experts also come from their own experience accumulation, so they can only be predictions.

JoyMarsha

sr. member

Activity: 924

Merit: 365

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

I enjoyed the way his alleged followers attacked him. All of these social media influencers believe that because they have so many followers on social media, they are demigods who may analyze or spew out nonsense without being attacked. In his next account to open on social media, he won't consider forecasting the unthinkable to happen to bitcoin.

Following up on predictions or comments made on social media is not a good idea at times. The majority of social media influencers are unworthy of paying attention. They make absurd claims without evidence to gain attention.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

Yeah it only proves that not all our predictions to bitcoin price will be accurately, that's too sad for this follower who believes in his post. I've been following some people in twitter before but always get rekt so since that day I stop following them and created my own trade, studied different patterns that might help and instead of believing in them, I started to believe in my own analysis.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

~

Ah yes, those usual daily crypto tweets you would come across once you opened your Twitter. People throwing out random numbers in comments section claiming that they know it all. It's all just those kinds of random predictions to gain followers and reputation of course. This is why I stopped following crypto news in my own Twitter account as a lot of people there are "crypto experts", let alone the next "Elon Musk" that influence people to buy crypto.

Same goes for Facebook by the way, but at least some news page are a quite....tolerable.

alastantiger

sr. member

Activity: 728

Merit: 444

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

No expert not even ChatGPT can accurately make a prediction about bitcoin. They make what I call informed guess where there are so close to the what-will-happen next. But then again we know that some of these guys are just chasing clout and or are looking to draw traffic to their handles because they get paid for traffic.

uchegod-21

hero member

Activity: 1162

Merit: 643

BTC, a coin of today and tomorrow.

Bitcoin is proving to be highly unpredictable. So many experts do not get it right. Only a few of them gets to approximate in prediction. The nature of the crypto market has changed to large magnitude. When the industry is new, people could easily predict. But today, many factors are affecting such accurate prediction which includes trade volume, market cap, pump and dump, fud, whales etc.
So, if it will be difficult for bitcoin experts to get it right is it common social influencers that will get it right always?

Moeda

sr. member

Activity: 1587

Merit: 271

Enterapp Pre-Sale Live

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

Actually the game on social media is only to influence crypto users both to buy and to sell. Sometimes someone says that bitcoin will continue to dump and even become extinct. If we analyze what they say, they express opinions in such a way that crypto users can sell and the price drops, so they can buy at a lower price. Usually they have netted at the lowest price to buy in bulk. For the price to be able to arrive at the order they specify by spreading negative issues. Everything they convey, of course, has another purpose. Not really what was said. So we should not be influenced by the issues they spread through social media. This is not only with dump prices, but also with bulls.

karmamiu

sr. member

Activity: 588

Merit: 351

To be true no one is really expert in this industry, but if you say who's having more experience then I guess there will be a lot on the list. All of us have seen couple of so called "experts" and then in the end most of them failed to predict how much or how long will it take for bitcoin to rise. In this market, it's not only a single person opinion, but instead all of us who are involve in this economy will have differing opinions.

worle1bm

full member

Activity: 1834

Merit: 166

Quote from: Findingnemo on January 21, 2023, 02:07:15 AM

Prediction is more or less likely a gamble so there is no assurance that it will become true even the most renowned predictionist proved to be wrong with many of his predictions.

These social media influencers are not really experts but try to manipulate the market with their influence to make money which also not become success on most instances so don't trust predictions and make your own and go beyong it.

These so called social media influencers have no knowledge about the market conditions and they only want to take out profits by making people fool so personally I don't believe in them but there are many who follow their signals and lost their funds.But if we say about predictions then it's speculative aspect which we do based on the past price movements to see what will happen next but it can be right or wrong based on the current market trends and situations.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

These social media "experts" really know and understand how to take advantage of people's ignorance in analyzing bitcoin prices and where bitcoin will move every month or year. They can really get a lot of followers because their predictions are always awaited by their followers. But if followers don't want to do analysis, they will have difficulty determining when to buy and sell prices because bitcoin prices can move in any direction.

And many social media experts are wrong in their predictions because so far, no one has been able to predict the price of bitcoin correctly. They can only predict based on what they see but bitcoin can change direction instantly and go against their predictions. So whatever social media experts say, we don't have to believe it immediately, but we do further analysis to determine the benefits we can take.

Velisunde

newbie

Activity: 4

Merit: 0

Bitcoin's value can be quite volatile and can fluctuate greatly in a short period of time. It's important to note that the value of bitcoin is determined by supply and demand on the open market, and can be influenced by a variety of factors such as regulatory changes, mainstream adoption, and investor sentiment. Additionally, the market for bitcoin is still relatively new and not well understood by many, which can lead to fluctuations in value. It's important to do your own research and understand the risks associated with investing in bitcoin before making any decisions.

FanEagle

legendary

Activity: 3066

Merit: 1129

It's not easy to figure things out, its finance and the markets are always unexpected, not even just in crypto, but in the entire world as well with stocks and gold and oil etc etc. Think about it this way, do you think Warren Buffet made profit every year? Of course not, he made losses plenty of years, then how come he became this rich? Simply because he kept on investing and holding for decades, he has been in business for long.

So just buy bitcoin, hold it for decades and you will be rich too. Do not care about what social media experts or so called influencers say, just keep on investing as much as you possibly could and you will end up with a good profit.

crypticj

sr. member

Activity: 873

Merit: 268

Happy bull run bro. It's crazy how everyone on social media thinks that they know sh*t about bitcoin lol. In reality, these guys are just "bullish" all the time and lose money by investing in "good" projects like blockfi or they just promote scam projects and casinos. I think bitboy is the best example, the dude literally promotes a scam saying that it's a scam and he never promoted it. Sometimes I feel like folks on Twitter don't remember what happened yesterday and ignore all red flags 24/7.

BigBos

sr. member

Activity: 2016

Merit: 456

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Are the analysts we've seen so far like that?
To be honest, I don't know what object you are referring to (who he is), who does the analysis of bitcoin, will become extinct.
But in my opinion, he is the person who is projected to influence the mindset of investors and especially beginners, he carries out a strategy of trusting his predictions at first to appear professional to analysts and so that many people follow him as an expert in price movement analysis. and after many people made him a trading analyst, he had influence over the people who followed him, then he really carried out his original mission to create FUD. In conclusion, he is a representative of an individual who hates bitcoin, but in the end he failed.

hyudien

hero member

Activity: 2198

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: Fiatless on January 21, 2023, 01:42:12 AM

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions. One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

They were actually just making faces in front of the crowd for having an army. But what is said to be true is not proven true. In this case, influencers only take advantage of trends so that beginners' attention is focused on following them. Don't get caught up in the unknown and be consistent in dropping money in crypto. Learn a lot that Bitcoin is still not ATH, it can be a bull trap or indeed a good start for recovery. But then again, the influencer's role is simply to manipulate the people around him, for his own sake. Claiming to understand more and suddenly turning into an impromptu analysis.

Topic: Bitcoin always shames social media experts. (Read 615 times)