Bitcoin always shames social media experts. - page 3.

S A KHAIR

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Quote from: trendcoin on January 23, 2023, 08:37:20 AM

... Bitcoin will continue to destroy idiots. It will continue to embarrass the charlatans who call him an expert on social media...

Those experts are like us, their predictions are right or wrong and it's all speculation. But the sad thing is that new investors believe what they say, and there are always newbies entering the market every day. So those stupid experts will never completely disappear from the market.

Fivestar4everMVP

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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.

LOL, indeed funny, but you are absolutely right, it has been stated several that one of the powerful features of bitcoin and cryptocurrencies at large is that their prices are highly unpredictable, but the self acclaimed experts will never want their followers to see how helpless they are with predicting the price of bitcoin, so they will have to put out something out there.
And sincerely, the ones i blame the most are the ones who believe and follow this predictions and also based their investment decisions on it..
Bitcoin and cryptocurrency market is not like forex, it is sometimes easy to predict the price of any fiat currency in the forex market, but here in cryptocurrency, the game is entirely different, but some people will never realize it and learn, but will keep depending on so called expert to tell them when to buy or sell.

trendcoin

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I think it is a correct approach to predict future price movements by looking at past price movements, but we need to know that some of our predictions have a margin of error and that's why we need to use stop loss. There is no problem so far. It is foolish to make a price estimate and defend it as an immutable law of nature. Bitcoin will continue to destroy idiots. It will continue to embarrass the charlatans who call him an expert on social media...

TheUltraElite

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Satoshi would never have any control over the price of bitcoin or predict it. It does not matter that they created the asset, the price depends on supply demand balance and not any centralized authority - that is why it is called decentralized.

However the predictions that you see on the social media are rarely done to actually predict anything.

You see the normal human nature is to follow someone when it comes to something that is tough to do on your own, predicting an asset price over time is one such thing. So we move to internet to help us out and when such people see that a social media person is posting such things, they follow. That is why such pages or profiles get so much followership.

fullhdpixel

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Quote from: Queentoshi on January 21, 2023, 02:13:15 AM

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.

They are social media experts, so they know what the trend always is and how best to gain attention with it. Cryptocurrency is a big topic among youths, so what better way to gain the attention of the youths if not to act in a way like an expert in what is interesting them. They take up these roles as experts in cryptocurrency to gain more audience, followers and influence of people. Some of the predictions they have made that maybe entered or worked were most likely still not their predictions but borrowed predictions from people. I have developed the culture for a long time now not to take people on social media without results serious, because social media can be misleading.

Usually, the trend can start in social media sites so if you are an expert of it (you use it often and you visit different social media sites) then you are always up to date about the latest happening around it. Not all are experts but some of them are just wannabees and there are ways to identify it.

For a fake expert, their calls are mostly bad so we must be careful because losses are the only thing that we can get if ever we follow the wrong people. It's better if we will learn only on our own so that we are sure about our decisions. Learning on our own can also make us more knowledgeable than if we will only depend on other people.

bettercrypto

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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...

Dickiy

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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.

Everyone can predict at will, everyone has any right to analyze and express their opinion on social media with various methods and directions of thought and of course it will cause controversy. Every moment in bitcoin there is always bad news that is deliberately made to bring the price collapses maybe even every day which we might call it FUD.
But in fact those who make FUD only embarrass themselves and we have seen that in the previous cycle.
I firmly believe bitcoin's dominance will be far-reaching this year and beyond and will certainly silence any expert who talks about BTC being doomed.

lionheart78

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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.

Bitcoin had been putting these social media influencers, speculators and self-claimed professional Technical analysts for too long now. But I can give excuses to these Technical analysts because they have a conditioned setup as they predict the Bitcoin trend. Unlike these social media "experts" that just put or utter random prices and say Bitcoin will follow that trend without even giving a basis of why Bitcoin will have that trend.

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.

I do not think that guy already shuts his mouth though, I think he is just giving his channel a rest until the Bitcoin market reveals that this surge is a bull trap.

Honestly, I also think that we are not in a bull run yet, I even think that this is a bull trap. But nevertheless, I think Bitcoin price will be volatile in the coming day after $430 million BTC options expire.

bitzizzix

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Everyone can predict even those who have no knowledge or experience in the crypto world, and the question is. Do we have to trust them, because even those who are experts are sometimes inaccurate, because the market or bitcoin is not easy to predict.
because there will be many factors that make bitcoin prices fluctuate that we don't know in the future, and the best in my opinion are the results of our own predictions and analysis and also want to try to find accurate information from all that exists for comparison and also do it for the long term.

SOKO-DEKE

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Everyone makes predictions, and they all depend on their analysis. But all I am certain of is that no one is an expert predictor. Therefore, anyone who is better in prediction will come up with is reasons, why is predicting so. So, let's exercise wisdom. Since some social media influencers also make predictions based on their prior experiences and current analyses, I don't think it worth a shame, because it base on their level knowledge. I don't even follow any of them because hardly many of them don't give tangible reasons soo. And that why certain forum members consistently tell us to conduct our own research because they nobody is expert.I know it is hard to predict Bitcoin market price but still some ways it can be also predicted base on someone's good analysis, that is why some traders are making good profits from their Bitcoin trading always.

Davidvictorson

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The bull run has not yet started. We expect that it will start in 2024. The bull cycle has not started yet because we believe that 2023 would be another down year, especially in light of the macroeconomic circumstances. I would describe what is happening right now as a bear market rally. I'm worried that this is merely another pump before another timed drop. I believe that some people are simply purchasing back what they sold in December.

justdimin

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Quote from: GreatArkansas on January 21, 2023, 06:14:48 AM

In short, Bitcoin is always unexpected. And these "social media experts" are speculators also. Since Bitcoin is extremely volatile, you will be unable to predict what are the next actions of it.
And there are also some people who are not believing with Bitcoin, and I do believe that these people are also have their own opinion or some of them don't know what Bitcoin is.

That's right, those people just make "guesses" and they think they know better than us but they are wrong. It's not because we are as smart as an expert or anything like that, it's just that there are no experts at all on this because there is nothing to become an expert on. You could look at TA and try to make some predictions based on indicators, but that doesn't mean that you will hit it on the nail every single time, there will be periods when you will be wrong as well.

This is why is easier to just lose if you could, and that way you will end up with a bit of a trouble if you are wrong but at least you would be profiting if you are right and try to be more right than wrong.

Bitstar_coin

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Lol, it is not as if they were officially certified to be an expert in crypto, they only claim to be experts as a result of people buying into their lies.
As the OP already pointed out, most of their so-called analysis is based on trial and error in most cases, when the market is all green it is very easy for any to randomly predict where the price would be next.
And as for the Analysis that was forced by his followers to close his account, if he was a real expert, he should have known it is impossible for btc to continuously fall into extinction in this present time when btc popularity has grown so high. It was definitely a foolish prediction and was a good thing he left for the sanity of the crypto community.

teosanru

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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.

True that. But I think these followers always know that what they are claiming is not true infact most of them know how manipulate things as well. They try to be with the wave always and claim that they have made millions from.the market but in reality they don't even have a $100k account of cryptos. Anyone who claims mastery over trading should be a red flag in itself. A real trader will always say he is earning but yet still learning because markets are dynamic and change everyday.

WatChe

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Right now, CMC is saying Bitcoin is around 23k, we can't even predict what Bitcoin price will be tomorrow. There are hundreds of price predictor sitting on social media and claiming that they know what price of bitcoin will be. Current bull run starter on its own and I don't see any main event triggering this run.
Anyways Happy Bull Run.

pawanjain

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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.

Ofcourse there are such social media influencers who will keep predicting crypto prices and keep failing.
The only time would be successful in predicting crypto prices would be when they are just lucky.
If only people could predict prices accurately then most people would be millionaires by now.
Our experience can definitely help us in judging the probabilities of price movements but predicting prices is just a guessing game.

Yatsan

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There's no such thing as expert in this industry, "more experienced" is a better terminology to use. This market in general is unpredictable to its broadest extent. There will always be unexpected pumps and dumps without any pattern in particular. These so called aocial media experts are only creating an image to somehow create a community which could somehow help them predict what is unpredictable. Problem is, no one can change the fact that the market would move in line with the majority and a small community cannot make a change with that random pattern unless you are a whale which could temporarily create a 'wave' with market pricesm And that I think is what social media so called "experts" are trying to do which is to gain profit from creating conformity with majority.

Jody.Drummer

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I still feel we are not yet the time to say that the bull market is starting because it is still in the bear stage in this case regardless of anything at this time the bulls are starting to feel and bitcoin has reached a pretty good area at the moment resistance, still bearish can still happening now.
I want the bull hope to remain but I still feel it is not yet time and this could be a real trap actually.

Crypt0Gore

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JP Morgan just said Bitcoin is the biggest fraud of all time, he said before the supply of Bitcoin runs dry Nakamoto will add more, so hilarious, these people are just so unbelievable. bitcoin a hyped fraud? These centralised whacked old men need to learn.

https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-calls-bitcoin-hyped-up-fraud-expects-satoshi-nakamoto-to-increase-btc-supply-cap/

GreatArkansas

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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.
(.....)

In short, Bitcoin is always unexpected. And these "social media experts" are speculators also. Since Bitcoin is extremely volatile, you will be unable to predict what are the next actions of it.
And there are also some people who are not believing with Bitcoin, and I do believe that these people are also have their own opinion or some of them don't know what Bitcoin is.

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