Samething with this Proof of Developer.
Topic: Price targets, don't be fooled (Read 713 times)
I'm seeing more often lately threads saying "Coin x has a price target of $5, or $10, or whatever.
Don't be fooled. The only one who can determine the price is the market. Price targets don't mean anything. They may drive up the price for those who believe the price will get that high, but this is just an example of "fake it until you make it", and only serves to artificially drive up the price, because the only people supporting the higher price are the ones who believe in price targets. Those who don't are going to leave you holding the bag.
Unless the person giving you the price target is giving you solid reasons for their market speculation, treat it with a grain of salt.
Don't be fooled. The only one who can determine the price is the market. Price targets don't mean anything. They may drive up the price for those who believe the price will get that high, but this is just an example of "fake it until you make it", and only serves to artificially drive up the price, because the only people supporting the higher price are the ones who believe in price targets. Those who don't are going to leave you holding the bag.
Unless the person giving you the price target is giving you solid reasons for their market speculation, treat it with a grain of salt.
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