Topic: Treating bitcoin as a teenager. - page 2. (Read 904 times)

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

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A number of persons might suggest i move the topic to speculation board, however I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

I remember the days where those influencers are hyping things on bitcoin and really pushing it to reach $100k before the bear market starts. I can say that there's a chance but realistically speaking, the market isn't ready yet. People end up buying more and more because of the false hope that those influencers spread last bull market. I don't really like the influencer thing last bull market since there are so so so many influencers that has a crazy speculation especially in the altcoin and NFT markets where I can foresee that they are paid to speculate the price to an extent that it is not achievable. It's the same on bitcoin, we only experienced few bull markets and we still don't know where would all this price speculations can go. I hope that the speculations we have is closer to reality given that we all might disappoint ourselves, I personally think it's better to underestimate bitcoin because it really hypes me up when it exceeded my price expectation.

A real and serious nvestors won't be called investors if they don't explore every inch of what would be their investment.

I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.

I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.

One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.

I agree with you, people tend to forget how new bitcoin is after all. We live in an era where we are used to have everything fast, and we want it now, that's why there are so many people who lose money while they try to get rich pretty much overnight with some ridiculous investment, people have no patience so they say that bitcoin doesn't work/it has failed because they have expectations that are just too high.

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

---

A number of persons might suggest i move the topic to speculation board, however I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made.
And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

I  agree with your point Bitcoin is still relatively young and expecting it to reach moon prices within a short period of time.
I believe that we should appreciate the significant growth that bitcoin has achieved so far considering its age. It has made remarkable strides.
We should treat bitcoin as a teenager that is still developing and has a promising future ahead. In the next Bull run it has much ability to grow significantly and if it will touch its ATH so it can go above 100K easily.