Topic: The eternal question - page 3. (Read 491 times)

You're right OP. I always say that TA doesn't work because there are so many factors to consider that some of them will always end up being inconclusive and pointing at different outcome. Just watch some of the TA specialists on youtube. Their predictions always look like this: "Bitcoin will either break this support or it won't. If it breaks it we'll go up by $500 and if it doesn't we will go down by $500" So whatever happens they will say they were right.
Most analysts focus on numbers but what's driving the price is the news. For instance, when BTC went up after the news about the ETF, TA specialists were saying that we hit the bottom and are in a bull market, now the decision got postponed, and the analysts are saying that we're probably still in a bear market... Please! If the ETF gets rejected they'll say that "the charts are showing the need to retest the bottom"

I think it will be easier in the future. The newer generations are good with computers, practically born with them, so they will be naturally attracted to crypto. They will learn how to use wallets and take care of security much easier than the older generations.

Education is the key. We don't have enough education, so it's good to hear that you put extra effort on educating people. Good luck.

Absolutely agree! Without attracting new people, this system simply will not develop! After all, the idea is just the same in that all eventually switched to crypto currency. People need to explain that this, since many do not understand at all and therefore are afraid to work with it .

This one is true.

Look, you can always avoid those types of threads and just read those you think best suits your appeal.
You have the capability to choose and they are not forcing it to you.
There will always be speculators and that is non stop as long as bitcoin have a price.

Some people joined just because they see how bitcoin fluctuates too hard. Bull or bear. It doesnt matter. They think they can profit from it so they risked their own money for it.

If it really affects the value of bitcoin then we could have been so deep now with maybe back to 3 digits but it didnt go there so we are okay.
There, I am now speculating too.   It just happens for most of the time when you are trying to explain something.

The good thing is, there are still supporters like you.   Merits.

You can't take this away. Bitcoin has become a speculative asset. Speculation will be there everywhere and everytime.

Can't we be both? Like many others here, I am of the opinion that Bitcoin and blockchain technology will be revolutionary in the finance sector. But let's be honest, we are almost all trying to make some money too, and therefore also interested in price movements and speculation.

it is because part of the bitcoin community consists of speculators who have invested in bitcoin and are looking for profit, some of them are newbies. speculators tend to talk only about the price and what will happen to it. it is not about predicting the future it is about making the best guess. if you don't want to see price related discussions then don't hang out in places that are for price related discussions. for example go to this board instead. it is like going to a Forex forum (random example) and say why is everyone talking about USD price?!

of course it is inevitable at times to see a large number of people who are only interested in profit making. it is a necessary evil that comes with the magnificent performance of bitcoin.

I keep hearing the same question over and over again: what will happen to bitcoin? Will it grow? Will it drop? I mostly get this from people far from the crypto world.
 
At the same time, people familiar with the matter collect ‘mathematical signs’. Here is a diagram – they point at some diagram – and this means either growth or decline. Those people are disconnected from reality and do not learn from history. 
 
There were guys who founded a company called Long-Term Capital Management back in the 90s. Two Nobel laureates were among the founders. They honestly believed in the predictive power of statistics, mathematics and probability theory. Then, a number of events those guys considered unlikely or even impossible occurred in 1998. The company went bankrupt. Predictive power of mathematical models proved ineffective on the exchange. Now everybody forgot this story: people still like hiring physicists and developing AI to gamble on stock exchanges.   
 
Personally, I do not believe in such things. Nobody can predict the future. Neither Warren Buffett, nor physicists, let alone economists. And astrologists can’t help because they are not good with predictions either. Thus, my conclusion is relatively simple: nobody knows what the future will bring. 
 
We can try to build the future we want, though. Do I want crypto and bitcoin to grow? I do. I’m not going to lie. I will get profits from this. But what keeps BTC from growing? Bad marketing. 
 
Many ordinary people know there is such thing as bitcoin and some even know what cryptocurrencies are. The thing is, an ordinary person does not have any reasons to get into this game. Many members of the crypto community do not think much of newcomers, taking them for fools because they did not see the potential in cryptocurrencies. However, the whole crypto world now is not bigger than an Esperanto lovers club. So if we want the crypto community to expand, we need new blood; in fact, we need more people than we already have. 
 
I believe that our task is to attract ordinary people in the crypto world, not to treat them as fools. The long-awaited growth of crypto will happen only if we adopt this policy. 
 
The next fair question is: what should we do? How can we attract people? 
There always are unemployed people, people with lots of free time and those who work from home. Me and my team are currently putting a great deal of energy and time into attracting freelancers, people who want to offer their services, to our marketplace where they can find clients and receive payments in crypto. We have to explain (over and over again) how to receive and store crypto, and what they can do with it afterwards. And you know what? Almost all of them agree to publish their ads on our website. This is additional income and advertising – so, why not?
 
I’m not saying we are doing everything right. I just think that our actions have more impact on the community than endless attempts to predict the future of bitcoin.