Bitcoin always shames social media experts. - page 2.

Henrobakkara

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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.

I wouldn't call it that yet (Bull Run) because if you took the time to look at the bigger time chart, you would have noticed that the price of Bitcoin has always pumped a bit even while the general market sentiment was in a bear trend. This is normal with price action and the same can be said for when it is a Bull market however with regards to the so-called crypto experts, you rightly said it, they are Predicting meaning, they too are guessing, it might go up or down so people that take those predictions as a hook line and sinker are the ones to blame themselves if they missed the price because they were listening to someone else.

glendall

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social media influencers are just a bunch of people who suddenly become crypto experts because following trends when crypto trends are in crisis / decline they will look for other objects,
actually why follow other people's advice, because actually the decision returns to each individual

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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.

I totally agree with your opinion that social media influencers are not actually experts but are trying to manipulate the market, for now social media has become the biggest slander ground, to seek their own profit they are willing to do anything including slandering bitcoin, it's been more than a decade we haven't never knew who Satoshi really was and we also don't know where Satoshi came from, but now many social media have explained about Satoshi and already know Satoshi's origins and there are even media who say they have discussed directly with Satoshi, there is also news circulating that Satoshi is just pseudonyms, even the media also say that bitcoin is not a promising investment, but I don't really believe in the media because I know their goal is only to make money from the news they upload.

Oasisman

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Quote from: romero121 on January 23, 2023, 06:53:13 PM

Quote from: Anonylz on January 23, 2023, 03:31:41 PM

The fact that btc always ended up proving them wrong is the fun part of it. Crypto analyst will always try to do their job by predicting the direction of the market but in most cases, the market don't usually go as they have predicted.
I don't think there is anything wrong in that, rather it gives some investors an idea of the market situation.

Even the experts find it hard to predict the outcome. If it is stocks, they will easily predict based on the progress of the venture. With cryptocurrency it is hard as the progress is much over the technology.

Nobody gives an accurate predictions though. Prediction are merely a guess, backed by some past and present market analysis. However, it would still go down with the market sentiments. We really never know when will the people starts buying and when will they start selling. Of course the whales will have a greater impact than everyone else in crypto market. Therefore, nobody can really have an accurate prediction, so these experts and social media influencers will create a market analysis to change the market sentiments and try to achieve their predictions.

wxa7115

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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.

And this is what happens when those experts believe on their own hype, no one can predict the exact price of an asset at any given day, and if someone happens to call it right this is simply because there were so many predictions that day someone was going to get it right anyway.

This is similar to those which win the lottery and then claim there was some method behind it, no there was not, they picked some numbers on an arbitrary fashion and they just happened to be lucky enough for those numbers to come out exactly as they predicted, but I suppose those social media experts never stopped to think about it and only realize this truth once they are forced by bitcoin and its price movements.

uneng

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Quote from: CryptSafe on January 23, 2023, 07:26:54 PM

Sometimes I wonder if these social media acclaimed bitcoin price analyst do really know what they are doing. Sometimes the way they run analysis on bitcoin would make you feel they know everything about bitcoin than Satoshi himself. They do wrong analysis an bitcoin price trends and most times they end up shooting themselves on their own foot as a result of wrong market analysis and faulty forcast. I do not for once listing or follow them but I do review price chat myself to know what is obtainable in the next bitcoin market if I want to trade. These gives me a guide on what to do.

Many of those experts are actually altcoins' shillers, so they badmouth Bitcoin in order to make the altcoins they work for look more interesting in the eyes of the investors who follow their channels. I've already seen many times they claiming Bitcoin was over, and that they knew the cryptocurrency which was going to replace the king, so they were going to share this secret with everyone who paid them to participate an exclusive group of traders and crypto experts. The purpose is solely to take money from investors for themselves.

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Quote from: Bushdark on January 23, 2023, 02:40:11 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.

Really, I don't see anything bad with trying to predict the cryptocurrency market which is the duty of a trader to analyze the market and look for chances and opportunity of when they can enter a trader to make profit. We can not be always accurate about the market that is why we need to keep upgrading our skill to make sure that we keep adjusting in anyway that could pose a thread to us as a trader.

For those influencer that are very confidence about there analysis, I don't see anything wrong with that even though they do that with ego, that's is there business because people especially the newbies are always looking for where to get information about the market mostly the ones that would yield result.

I agree with you, we all know bitcoin is a highly volatile asset, so there is no shame in making false predictions. Those who should be ashamed are those who are lazy to study, research and invest only in the advice of others.

I really don't care, they're experts, celebrities...I only know when investing in bitcoin, they are an investor like us, what they see in the market, we also see, but because each person has a different mindset, there will be other predictions.

Once you've invested, do your own research, and don't trust anyone in this market, the market is a battleground, we want money, they also want money, and no one has enough kindness to help each other.

CryptSafe

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Sometimes I wonder if these social media acclaimed bitcoin price analyst do really know what they are doing. Sometimes the way they run analysis on bitcoin would make you feel they know everything about bitcoin than Satoshi himself. They do wrong analysis an bitcoin price trends and most times they end up shooting themselves on their own foot as a result of wrong market analysis and faulty forcast. I do not for once listing or follow them but I do review price chat myself to know what is obtainable in the next bitcoin market if I want to trade. These gives me a guide on what to do.

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Quote from: Anonylz on January 23, 2023, 03:31:41 PM

The fact that btc always ended up proving them wrong is the fun part of it. Crypto analyst will always try to do their job by predicting the direction of the market but in most cases, the market don't usually go as they have predicted.
I don't think there is anything wrong in that, rather it gives some investors an idea of the market situation.

Even the experts find it hard to predict the outcome. If it is stocks, they will easily predict based on the progress of the venture. With cryptocurrency it is hard as the progress is much over the technology.

Ebede

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What are we say all states so far right now is that bitcoin is another thing about Abby influencing the social media and many people who is internet constantly base will you know or must know about bitcoin through internet because the campaign or bitcoin is going her and that is why many people is going into bitcoin both for exchange and transferring of money from one country to another by using Bitcoin

TimeTeller

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Quote from: Anonylz on January 23, 2023, 03:31:41 PM

The fact that btc always ended up proving them wrong is the fun part of it. Crypto analyst will always try to do their job by predicting the direction of the market but in most cases, the market don't usually go as they have predicted.
I don't think there is anything wrong in that, rather it gives some investors an idea of the market situation.

Even long-timers in crypto or crypto experts can predict wrong in this market.
For those speculators, they should not leave words of assurance to their followers about their predictions.
As this market is a very volatile one, you can't really give an exact price prediction to your followers.
Let us say, you are using all kinds of indicators and applying all known TAs, still, you can be wrong with your prediction.
So a crypto expert or analyst should not bet their life over their predictions so as not to get shamed or slammed by their followers.

Anonylz

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The fact that btc always ended up proving them wrong is the fun part of it. Crypto analyst will always try to do their job by predicting the direction of the market but in most cases, the market don't usually go as they have predicted.
I don't think there is anything wrong in that, rather it gives some investors an idea of the market situation.

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Quote from: rby on January 23, 2023, 01:16:45 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.

Because they have social media handles and have good number of followers who believe them, comments and share their messages does not make them bitcoin experts. Those you call experts could be people following other persons on social media, after listening to those they thought have knowledge. After which they use their own handle to speculate for you.
They are so lazy to research on their own, they believe in rumours and create fud in the industry.

Earlier news agencies used to be the source to create fud and now this have been undertaken by the social media people with not much of knowledge about cryptocurrency. This shouldn't be done by these people. Even the real experts find it hard to analyse and understand the ma rket. In this way, ap called social media experts predictions won't happen.

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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.

Really, I don't see anything bad with trying to predict the cryptocurrency market which is the duty of a trader to analyze the market and look for chances and opportunity of when they can enter a trader to make profit. We can not be always accurate about the market that is why we need to keep upgrading our skill to make sure that we keep adjusting in anyway that could pose a thread to us as a trader.

For those influencer that are very confidence about there analysis, I don't see anything wrong with that even though they do that with ego, that's is there business because people especially the newbies are always looking for where to get information about the market mostly the ones that would yield result.

rby

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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.

Because they have social media handles and have good number of followers who believe them, comments and share their messages does not make them bitcoin experts. Those you call experts could be people following other persons on social media, after listening to those they thought have knowledge. After which they use their own handle to speculate for you.
They are so lazy to research on their own, they believe in rumours and create fud in the industry.

kryptqnick

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It's honest to admit a mistake and stop making predictions about Bitcoin like that person the op mentions closing the platform because Bitcoin doesn't keep falling in 2023. However, I feel like many people get away with their wrong predictions, keep making ones and preserve their audiences. That is, of course, if Bitcoin predictions weren't the only thing that they were famous for, but I don't know people who are (there probably exist, I just don't see them because I don't care about them). So responsibility of influencers isn't always a thing, and unfortunately people don't always shut up after making one big mistake.

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Quote from: bettercrypto on January 22, 2023, 11:06:05 AM

I remembered that last year, there were many bitcoin experts and influencers who said that before the end of the year 2022, there is a high chance that the price of bitcoin in the market will fall between 10k$-13k$ but that's what happened the whole month. of December there was no event like that in bitcoin's price value.

Then now in a few days that I noticed maybe about 3 days ago that its price value is gradually increasing in the market, which I will look at it is like a bull run that is going to gradually increase in value, let's see if this week will be 25k$ each bitcoin and when this happens it can be said if we may enter the bull run...

I sometimes watch Youtube videos because I feel that there are some influencers who can handle information that may turn out to be interesting, and that is something that is quite curious to know, but that happens many times, there are some who say things that are serious and that You can represent some investment councils and make them sell bitcoin so that it then increases in price as it has happened, it is something that is very bad and unpleasant, people make mistakes, but ensuring that a movement will happen is not good because the opposite can happen as in that case.

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

~snip~
One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame.

Are you so naive that you think the media are ashamed of what they present to the public? Most of the mainstream media is under the control of only a few large global corporations and they serve to direct public opinion in the direction given to them. These so-called experts or journalists have no shame, because they are ordinary dogs of the media machinery who have been trained to obey and follow orders.

And as for the bull run, this could rather be called a recovery, as well as everything that will follow until the price reaches $69k and the real bull run begins.

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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.

Happy bull run.

We aren't in the bull season already, it seems many people are making this mistakes but this is just a break from the downward fall Bitcoin has been on since 2022. Bitcoin is unpredictable and that's what this influencers are yet to understand. You can only speculate on the price direction of Bitcoin but nobody can ever predict its every move.
This is mainly because Bitcoin trades at different prices on different exchange so your bottom mightn't be mine and the same thing can be said about the top. We have to start cancelling the influencers just as this one was cancelled, many other can learn and stop misleading the public.
Even though everybody should account for themselves, still we shoudn't allow this influencers to get paid for misleading people into them losing their money.

CryptounityCUT

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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.

It is so fun to me, reading all these BTC experts, who actually don't know what will happen the next day, they all put on screen charts with the same prediction, but they don't understand that the price is not moving just in drawn patterns but in sentimental patterns of bigger investors.

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