Topic: Newbies, turn on the brain - it's not all true if it's in the forum! - page 2. (Read 526 times)

Predictions, advertising disguised in questions are easy to see they work under a different agenda (imho).

The newbies should be aware that even some of the answers they get may not be well intended. This can be a trap for many, unfortunately, and it's not always brought up.

What's worse than these bitcoin price prediction posts, is that there are actually people(regardless how few) that actually believes them; or at least are greatly influenced by them. I'm really not sure why one of the mostly used replies concerning price- "no one knows", is so difficult to understand by most. Mind boggling to say the least.

I would also like to see the price drop and allow more people to accumulate at the bottom.
The problem is not newbies being too trusting rather about them wanting to get profits as soon as possible. Anyone who fully, or partially understands the bitcoin network and the possibilities it holds, will not be too pertubed by intermittent drops in the price.
That being said, all information gotten from a public channel such as this should be filtered and only the relevant ones should be taken.

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.

OP I think for your second hyperlink is wrong this is the post you should insert right? https://bitcointalksearch.org/topic/m.53561580 cause I check and found a different statement.

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.

And there's also a lot of false information that isn't spread with some malicious intent, but simply being a common myth. For example, I often see people say that blockchain technology is great and will change the world and Bitcoin is less important compared to it; I see people saying that Bitcoin is fully manipulated by whales or that Bitcoin should increase its blocksize or reduce block time to make transactions faster. 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.

Given the confusion that prevails among beginners and their susceptibility to trust high-ranking users very easily, I would like to warn them that there are those who take advantage of their position for some personal reasons.

The first reason is simple, they just don't like BTC for some reason and are trying to spread FUD ( fear, uncertainty and doubt), predicting the imminent death of BTC. The reasons they cite are mainly insufficient adaptation, high fees, the enormous environmental impact of BTC mining, and that BTC has failed to become a major global currency in 10 years, as if it is something that could happen in such a short period.

Second reason is that they promote something better than BTC (in signature/avatar) and they want to convince you that there are better coins where you will get rich overnight. Learn to recognize such people, and do not be fooled so easily - it is always easy to fight against lies and deception with facts.

I will list two users who predict that BTC will drop to $3000+ (in the next 5 months) or to $2000 at the end of this year. Everyone has the right to his opinion, but there must be some reason on which it is based.

Dont let them fool you. We will see a NEW BOTTOM. Maybe BTC at 3400$ again? is an obvious example of how one tries to manipulate some facts, all for the purpose of promoting referral link (now removed), and some magical algorithm that gives you over 1000% ROI (Return on Investment) in 6 months. Unfortunately, some reward such posts with merits which just shows that they don't see in what context the whole thing is set.

it will be a disastrous year, with a decrease below $ 4,000 or $ 2000 by the end of the year. is something that amazes me even more, since it is a Legendary member from CM signature campaign. Although I have asked him several times why he has such an opinion, so far I have not received an answer.

When it comes to BTC everything is possible, but still, we are in a year of halving that has always been a positive year in the past, of course in terms of price increases. This kind of speculation should never be crucial when thinking about BTC.

Please note that this is not a discussion about the price (for that use Speculation board), but rather that one should not blindly believe everything posted on the forum, no matter who the author is.

Local rule : All users with yobit signature are not allowed to post here.