Topic: Impact of bitcoin price speculations on individual bitcoin holding - page 2. (Read 966 times)

When it comes to meme coins there is little doubt that the words of Elon carry massive weight and those which follow those coins are always monitoring his social media accounts to see if there is any mention of those coins there, since they know that as soon as this happens then a massive movement will happen and they do not want to miss it, however when it comes to bitcoin I do not think Elon has that power anymore, and this is because due to his own actions he has lost any credibility among the long term holders.

I think this is a quite natural reason when there are many people or society who don't want to stay away from these price movements, because most people really want better price movements for the cryptocurrency they are holding at that time. So in cases like that, everyone can't blame anyone because everyone has the desire to gain profits through price movements that they may have been waiting for a long time.

Dependence on who says it still exists, because people like Elon Musk still have more followers who generally really believe in what he says regarding things in the market, even though these followers also have no guarantee of getting profits as they want even though they have followed what Elon Musk has said. So I still quite agree with continuing to be careful in making every decision when dealing with market conditions and cryptocurrency.

I think it's because Elon is one of the most influential people especially when we are speaking of the technology industry. It's very easy to give information to him because he has Twitter now called X. His tech companies are Tesla Motors and Space X. Those are also holding companies. No wonder why his simple tweets give fear to a normal person. It affects the investment of other people as he can manipulate prices because they are one of those big holdings or whales.

Or maybe, Elon has the intel for him to predict price runs that he just timed his tweets or speaks. Probably just a coincidence? We don't know. But the only thing that is certain is you are still the one who is in control of your own investment.

Even though we see the change in price as dangerous and wrong because of Elon's words, I think we will experience it again. Because when there is a crowded movement and everyone has the same expectations, people do not want to stay away from this price movement.

Yes, as you say, it depends on who's saying it. I think every investor should be careful and act with their own decisions. Collective action can sometimes bring high profits, and this is a situation in which the person participates with his own decision. That's why events like this will never end in the market.

Depending on who says it. I mean when Elon says something things tend to go up, which is why I think who says what matters. People try to avoid that, and I agree that Elon saying something good about bitcoin or doge should not make others buy, why would him saying anything good could mean higher prices, there is just one reason and that is simply because it would be a moment where people buy, so you know others will buy and you buy because of that but others are buying because they think you are one of the others, to everyone others are others but as a community that is a big mistake.

We should try to avoid it, but price speculations based on some famous people are always going to be a good reason to make it move.

And that is what bothers me, I mean I can understand that people were afraid to invest in bitcoin when we reached 15k as at the time the price was dropping hard and almost no one was predicting that a recovery was coming, however the price of bitcoin has been stuck close to the 26k level for quite some time now, and even the most conservative predictions I have seen for the next bull market put bitcoin above 100k, so that is roughly a 300% gain in a matter of just one year, so if people do not want to invest now then they have no right at all to complain once the bull market allow us to reach those levels.

Here's always the common scenario;

EXTREME FEAR when the price is going down or having that extreme bearish state, So they do skip on buying coins while its cheap
GETTING FOMO on the time that the price is already going up or already expensive. They would really be considering on purchasing coins believing that the price would shoot up even more.

If you are really that having those fix mindset about holding no matter what then market movements wont really be an issue for you since you do already have that kind of goal
or target that you would be only selling out on to those years that you do have in mind.Long term could really mean about a single year or couple of years or even a decade and this is something
that differs with each persons personal target and this is why there's no way on telling on what it would be. If ever you do find yourself that being impulsive or having those kind of changes
in plans on the time on watching price movement then it would be ideal that you should really be stop on looking the market condition too often. It would really be making
out such effect into your initial or earlier plans which you might really be ending up on getting that kind of regret if ever you had made out a bad decision.

previously people didn't believe about the profitable characteristics of bitcoin but now as they saw that how middle class individuals altered their situations into moneyed one then they started excepting bitcoin. Although market is not easily understandable so your suggestion is better that sell whenever you have profit but lots of people don't believe this fact as a result of which they miss out the chance and then blaming bitcoin.

Every time people hear about Bitcoin's success but they refuses to buy it, when others achieve profit then they create an idea to buy bitcoin but you all know that in Bull run how risky is the buying of bitcoin. Accept the truth about the bitcoin that it is successful investment chance because others can only give you suggestions but neither he is taking your profit nor pay for your loss so think wisely and understand the market well.

It is usually the case that when the bull kicks up and gets to its peak, some people who don't have that mind for risk will begin to make regretful comments of not taking the opportunity of low price to invest. At the moment, some people are still waiting for the price to drop to $20,000, $15,000 and even far below, probably they are looking at btc historical move during the year before halving but things have changed so maybe what we could be seeing is the buttom for this year before halving. The price is still good to dive in but not a professional advise, DYOR.

Many people still have their eyes closed and they are allowing all of those companies to buy a lot of bitcoin and still they refuse to take action, by the time they wake up to the fact that bitcoin is a great investment bitcoin could be worth hundreds of thousands of dollars and be at the peak of the next bull run, and instead of simply accepting they failed to predict what this market will do and wait for their next chance, they will buy at that price and suffer incredible losses once the bear market appears.

That is why there are now a lot more companies that go into it as well. We are hearing more and more places end up with buying thousands of bitcoins. Because they know what they are doing and that is the important part of it. We need to arrange something that would make more sense that way and you could end up with a return that would be profitable in the end.

I get that we are going end up with more and more as well, that is going to end up with something that should result with a return that would be huge enough for those companies. Imagine putting 2-3 billion dollars into bitcoin today, and then it goes to ATH, that would be nearly 3x return easily and that would be more profit for that company then anytime they had before that.

When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.

That's why you should be always learning how you could make a profit all by yourself, that would make more sense and you should be trying to do that when you have the time. I get that not a lot of people may learn it as quickly as some others, one may learn how to do it in a few months while the other may take a year, and you may see it grow by that point, but no matter what you do, you should always trust yourself and reach to a point where trusting yourself means profit.

If you could do that then you are going to grow bigger and do better as well. I hope that it gets to a point where we could end up with something good and should be profiting from it as much as we possibly could, that's the best way to approach it.

Trading is not gambling that does not have any strategy to win.  Trading have this calle mitigating risk that enables a trader to profit in the given trades.  In Bitcoin there is a sure strategy that can give one a profit, and that is buy low sell high.  Yes it is indeed hard to do but patience had proven as the best solution to meet this result.  It has proven so far that regardless how much investors enter the market, with patience he is able to sell his holdings with profit.

At the current event, Bitcoin was bought as high as $69k+, so this time if Bitcoin reaches a new height, then those who bought at $69k+ will be in profit.


Holding is easy for those who are informed and well eduated about Bitcoin, and has sufficient funds for their needs and wants.  It will be only difficult for people who are lacking in both confidence in Bitcoin and financial capabiity to meet their daily needs.

There's no such thing about strategy or something that do talks about assurance on making money within this market and this is why people would really be trying out to stick and finding those possible analysis on which they could mold on different methods that they would know because we know that this market is really that unpredictable and no matter how sure you are with your analysis but if the market movement and other factors or sentiments would really be that bitter and go oppose on what you had predicted then it would really be going south and there's nothing you can do about it and this had been always the case or possibles scenario on which
you could really be able to encounter.

If you are a holder then it might sounds easy but its not.Im holder myself but i have been able to pass up different conditions or situations on which it would really be testing you out into your limit on which you might
really be ending up on selling your assets or coins on the time that you do see that the market condition is really at its worst + into those negative sentiments and speculations that you would really be able to read
around. You would really be that definitely having those second thoughts and hesitance whether you should pursue on holding for long or you would really be making out some cut losses
on which your mind and emotion would really be your main enemy on here.

Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

In as much as I may be against ops suggestions on none reliance on speculations to make market decisions,  it may also lead to some verifiable progress in some form,  because I'm as much as we may not rely on all the speculations that may be suggested to us on this board,  we can still also rely on a few number of them who have some indept data and analysis that are provable on the long run.

More also we have to do some form of data sampling before we buy into any analysis of the market since bitcoin have a provenable long history of not following the same pattern all the time.

If you talk about speculative data, to be honest, 2023 makes me a little dizzy and confused, it's difficult for me to determine which ones should be considered accurate and which ones are inaccurate, The point is: quite confusing, different from the speculation data in the 2017 era, there is not as much speculation as there is now, a little but it can be trusted and accurate.

Bitcoin is increasingly developing and almost all people in the world know about it and many experts express their thoughts, so that many users are tired of assessing Bitcoin speculation, Honestly, for now I'm just focusing on my own journey of accumulation regarding Bitcoin speculation for the future.

The only impact bitcoin speculation can render to crypto investors is assurance and encouragement basically for investors who are willing to invest in bitcoin with biased intension, sometimes speculation of crypto market just look like all this social media crypto influencer in which I know quite well that the cryptocurrencies influencer do promote a coin, so speculation and predictions of the market will give you a hope either fake hope or real hope to invest in the market, because most of the speculation always narrow at the the positive aspect of bitcoin increment.

so I believe that some bitcoin speculation and predictions none of them do come to reality the way I'm seeing them from my own perspective, so bitcoin predictions is not something that an investor will depend on because whatever anyone predicts concerning bitcoin it's base on its ability and capability to understand or analyse how the market is all about, so I don't believe in someone assumptions in cryptocurrency, because when you work on someone predictions their is every tendency that it might come to pass, and secondly as an investor you are not supposed to depend on it, because as investor you already knew that predictions of bitcoin  doesn't have hundreds percent accuracy or seventy five percent accuracy.

So it left for you to observe the market and also use your graph chart to study and compare if the speculation or the predictions will match with what you have in your table or chary, I barely dance to the tone of speculators because majority of the information of bitcoin predictions don't normally be accurate from my perspective, so only advantages we have from speculators is that they triggers the ambition of investor to invest more if the information comes to be that the market will be of bearish.