Newcomers often skip learning the fundamentals and just believe everything they read on news sites, blogs and from other users, and sooner or later it will bite them in the ass.
Unfortunately, most choose the wrong path, which generally involves quick and easy earnings, which again leads in the wrong direction when it comes to this forum (bounty campaigns). After realizing that nothing is there, some really go in another direction, which is again like a minefield because they are awaited by the promises of mining, Ponzi/MLM schemes and miraculous algorithms that make incredible profits overnight by trading with crypto.
I hope it does drop to $3,000. I'm a long term holder, so it would give me the chance to pick up a load more.
There's nothing wrong with hope, but even though BTC is unpredictable, I personally don't expect such a big drop in the year of halving. I know this might be an opportunity for some to buy even more cheap BTC, but all the analysis I've seen so far suggests that the time of the bulls is coming.
I guess I'm allowed to post here. IMO everybody has their own say but your right if were going to make such statement needs to be back up by reasonable explanation why they come up with such prediction but if not he is just babbling and creating fud at all.
The rule is very clear, I think that any question of this type is superfluous. Regarding hyperlink, it is true I link page of the thread where my post is, but it was not open on the selected post. Now it is fixed, thanks for the warning.
mk4&NeuroticFish, most beginners will believe everything they can if they see a Hero or Legendary ranks, but this is a problem that goes beyond this forum, people in high positions are not necessarily good people. I too can wake up tomorrow with some crazy idea that something bad is going to happen to BTC, but I certainly won't share it in the forum based on just my feelings.
Anyone who starts thinking about BTC, (ordinary investment or trading) should invest time in acquiring knowledge that is publicly available, then they will be able to decide what is good or bad, what is good and what is bad intent.