I concur with you OP. This certainly is as outside the World of Bitcoin but of other investments where investors are mad at their crawling incomes because they expected it speedy.
Since I learnt that not all that glitters are gold and what is Worth worthy with good reputations always demands time to get to the hill of its great view.
Most persons are also not contented with the minimum value of incomes they generates from their investments which opts them to divert to another and before they realizes, they would taste the whole of the business sectors with no hold of valuabilty.
Bitcoin is a reputable investment which is not biased in-between its investors how by, it does not require your interpersonal marketing skills to make profits but derives its form of energy to create profits at considering its demands, supplies and of course the users. This basically determines the value rate of the Bitcoin.
Let no one panic at Bitcoin on whatever value it is rated because it is not specified to favor a faction of its investors instead it is considered that when Bitcoin is at a low rate, it attracts more investors to come into the industry and when it is high, it termed to bring increments to its investors.
I would rest my case to say that on what ever note Bitcoins value is rated, it is termed to favour its investors and its potential investors.
Topic: Treating bitcoin as a teenager. - page 4. (Read 882 times)
Even I keep iterating this over and over again that we all are still early into bitcoin.
The volatility is high and as time goes on more people will keep investing in bitcoin and thus the volatility will reduce.
The marketcap will increase a lot and so buying now as much we can would turn out to be more profitable in the future.
We can certainly still be considered early investors in Bitcoin. Although many of us have not invested in Bitcoin since its inception, those who invest now will be close to a dream come true in Bitcoin in the next few years. Bitcoin is now at $35k or little more but when it reaches 1 million there will probably be many investors who will regret it. Considering the future, those who prioritize holding Bitcoin for a long period of time can certainly be one of the successful Bitcoin investors. For those still looking for a dip in Bitcoin, now this is the proper time. Accumulate bitcoins as much as possible. The volatility is high and as time goes on more people will keep investing in bitcoin and thus the volatility will reduce.
The marketcap will increase a lot and so buying now as much we can would turn out to be more profitable in the future.
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.
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 find that you suggest that all of us adopt Bitcoin while it is still in its very early stages, I strongly support that. Bitcoin is still not recognized by many countries, but countries that currently recognize Bitcoin as legal tender have received extraordinary benefits. I am sure that in the future more countries will adopt Bitcoin and make it legal tender. Bitcoin will not be stopped with FUD. The fact is that Bitcoin is already stuck in the minds of billions of people in the world, all people can do about Bitcoin is accept it.
Even I keep iterating this over and over again that we all are still early into bitcoin.
The volatility is high and as time goes on more people will keep investing in bitcoin and thus the volatility will reduce.
The marketcap will increase a lot and so buying now as much we can would turn out to be more profitable in the future.
The volatility is high and as time goes on more people will keep investing in bitcoin and thus the volatility will reduce.
The marketcap will increase a lot and so buying now as much we can would turn out to be more profitable in the future.
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.
If you create something new, and form a business around marketing that thing, within a ten year window, if that product or new creation is not selling, it is usually seen as a failure. Many people see bitcoin like that and so because bitcoin has been in existence for more than ten years, they consider bitcoin a failure. It is a wrong impression they have about bitcoins because asides treating bitcoin as a teen, bitcoin is something that is revolutionizing, and totally against the long financial systems that took time to establish. We should not expect it to be very successful at once when it was not created by the government. We should however celebrate the little successes that it is achieving because it is all accumulating to something huge.
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.
It's not Bitcoin fault if someone has wrong expectations or makes wrong predictions about Bitcoin. Rather, I would say that the predictions of such people will be wrong, and we should not have expectations that do not seem possible. Bitcoin performance has never been bad, but till date Bitcoin has given huge returns to every investor who has invested at the right time.
Investors who plan long-term holdings should also be aware that the price of Bitcoin fluctuates, and may not meet their expectations in a few months or year.Just as Bitcoin is predicted to go to $100k this bull season, now if someone is predicting or expecting to go to $1 million, the probability of Bitcoin price going there is very low. Therefore, such expectations should be revised.
There is no doubt that gold has been used as an investment for decades, but due to Bitcoin unique features and high profitability, it is being preferred over gold.
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.
Such articles appear and these experts become animated as soon as a bullish trend looms on the horizon. This is white noise.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 cryptomarket (bitcoin) is still very young, it's true, but it's expanding and getting stronger every year.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.
Inflated expectations spoil the impression of the current increase in the bitcoin price, which, by the way, over these 15 years has demonstrated colossal growth that no other financial asset can show. You are right, when bitcoin fans shout that btc will soon reach the $100k (this value is quite likely), $150k, $200k or even $1M mark, this only harms smooth and gradual progress. Bitcoin's performance is very good, but these pseudo-forecasts create the illusion that growth is not significant. Investors need to soberly assess the situation and not blindly believe such premature forecasts.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.
Gold has been a financial instrument not for decades, but for centuries, if not more. 
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.
If you create something new, and form a business around marketing that thing, within a ten year window, if that product or new creation is not selling, it is usually seen as a failure. Many people see bitcoin like that and so because bitcoin has been in existence for more than ten years, they consider bitcoin a failure. It is a wrong impression they have about bitcoins because asides treating bitcoin as a teen, bitcoin is something that is revolutionizing, and totally against the long financial systems that took time to establish. We should not expect it to be very successful at once when it was not created by the government. We should however celebrate the little successes that it is achieving because it is all accumulating to something huge. 
~snip~
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.
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.
People talk about anything and everything, and with regard to social networks and the increasing availability of the internet even where it was not available before, it gives the impression that everyone is talking about Bitcoin, but I think that it is still something specific and depends on the country and society. It may sound strange (to you and some others), but in the global economy Bitcoin is pretty much irrelevant (for now), if we take into account any criteria - be it the value expressed in numbers or maybe the total number of people involved in some way in BTC. For comparison, the US military budget is larger than the BTC marketcap.
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.
Maybe everyone should treat Bitcoin for what Satoshi invented it for, not just a profit generating instrument? I don't want to be a hypocrite and say that Bitcoin is not a good way to store value, but we have to use it as a currency as much as possible, regardless of what some will say that the fees are too high or will find some other excuse. By the way, gold has been present among people for thousands of years, and it should not be compared to Bitcoin in the way that some persistently do.
I think Bitcoin's still just a baby in terms of how many people actually use it. I mean, it's been around for over a decade, which is pretty old for a new technology. but most regular folks still look at you funny if you try to pay for stuff with it. and It's kind of like Bitcoins the cool kid in high school who's got a solid crew of friends but hasn't taken over the whole campus yet. 
For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order. So its young if you're talking how many people use it every day but it's growing up.
Lol I understand what you're saying For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order. So its young if you're talking how many people use it every day but it's growing up.
It's correct people are surprised when you're going to pay something using Bitcoin since they thought it's scam or worthless.
"0.05 BTC? hmm that's really small, $50 is still bigger than that", this kind people might still exist despite anyone can check Bitcoin price less than 10 seconds.
I can agree on that; we have been expecting too much from Bitcoin lately. We can realise that when we see the current unrealistic predictions about the price of bitcoin. Bitcoin is unstoppable, and I admit it's on the primary stage yet. Bitcoin doesn't have mass adaptation yet, like the stock market. Bitcoin would reach $1 million as well, but we need a lot of time to see it. The world is moving forward with digitization, so our next generation will move with that. A lot of new investors, including institutional investors, are starting to move into Bitcoin. So yeah, once Bitcoin matures, we will see a huge impact.
In this few time that Bitcoin have existed many people are expecting so much from bitcoin to give all the money all the money they want in life. The main purpose of bitcoin is to support as to help investors of having double of their investment after hodling but still people are looking for more than this from bitcoin. Just in the short time of bitcoin have gained good value compared to the early time of bitcoin, and it is still have more value as people are getting to know it more. Bitcoin is having more awareness and some countries have started adopting bitcoin as ledger tender.
IMO, Saying they are too obsessed which is why they speculate $1 million is like giving an excuse for them, for me it's impatient they are exercising and not obsession. I bet you should bitcoin hit a $1 million price today or in the next bull run many people will be scared of continuing suspecting a fowl play next on.
It's like launching Bitcoin to the moon directly with a high-speed rocket, then releasing it to the earth again until it hits the ground and it's over. What is done instantly is not good and there will be some negative effects.
Bitcoin has high volatility and its price will fluctuate, this will make bitcoin rise and fall gradually following how market demand and market trends.
All of that is a process that is current and to be able to achieve certain goals and there will be several obstacles that must be faced.
$100k sounds logical, achievable somehow and if it doesn't we all have to be cool with what price we get, plus or minus we won't be gettingand a poor price.
Very logical and it is a common prediction expected by many traders today. Stay patient and calm with the price we bought today.
Stick to one target and it will be profitable.
-snip-
And it's not exactly odd or weird that people expect more from a coin that has already performed as well as Bitcoin, I mean at most the last ATH would probably be their minimum standard at that point. Yes, it can also be impossible for Bitcoin to not reach a new ATH, but hey, it hasn't failed us at least these past few halvings though, at least for now.
yes Bitcoin always satisfies everyone when the Halving happens. And it's not exactly odd or weird that people expect more from a coin that has already performed as well as Bitcoin, I mean at most the last ATH would probably be their minimum standard at that point. Yes, it can also be impossible for Bitcoin to not reach a new ATH, but hey, it hasn't failed us at least these past few halvings though, at least for now.
We will pass the 4th Halving quite well and it will be a new history in the growth of Bitcoin.
Bitcoin is a teenager but it has a good potential than so many adult in terms of assets. Have you not seen a teenager that is wealthy than an old man because of his potentials. Example are footballers and artists, I see bitcoin in such position and that is why you see that so many people are expecting so much from bitcoin because it has really proved to the world that she might be capable of what is expected from her. Bitcoin is a teenager with an adult brain.
It is the price movement that makes it more valuable and appreciated because for long term hodlers, they will be calm with their hodling and DCA regular, until they reach their bitcoin target and sell at their target price. With Hodli, you can believe that bitcoin ought be an adult by the time, when you will have reached your timeline and why wouldn't you expect much from it by then, when you have patiently and nurse you bitcoin portfolio grow into an adult
It is the price movement that makes it more valuable and appreciated because for long term hodlers, they will be calm with their hodling and DCA regular, until they reach their bitcoin target and sell at their target price. With Hodli, you can believe that bitcoin ought be an adult by the time, when you will have reached your timeline and why wouldn't you expect much from it by then, when you have patiently and nurse you bitcoin portfolio grow into an adult
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I think it's because its growth is exponential. Well based on the charts anyway. So people can't help but expect more from it I guess. And it's not exactly odd or weird that people expect more from a coin that has already performed as well as Bitcoin, I mean at most the last ATH would probably be their minimum standard at that point. Yes, it can also be impossible for Bitcoin to not reach a new ATH, but hey, it hasn't failed us at least these past few halvings though, at least for now. Besides, it's not exactly expensive to push out random predictions. Just treat it as them having fun imo and judge the ones that actually make sense.
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.
Since the anticipation of a new all-time high in bitcoin has been mentioned in this forum and on online platforms, I have exclusively considered bitcoin as an investment that I am confident will provide a decent return. I don't set or expect the price to achieve a specific figure; all I know is that bitcoin will surpass its present all-time high and establish a new value that no one can predict. To decrease the likelihood of disappointment, I remind myself that anything I invested in bitcoin before to the bull run would have yielded some profit, which is fine with me. Setting price standards for bitcoin will only leads to dissatisfaction of bitcoin performance which is not yet old to be expecting wonders from it.
The high expectations predictions sure can be moderated provided we all respectively decides to be intentional with our predictions and not out of a freedom of speech as you stated and not using bitcoin price prediction as a medium to sell our personality and institution to public notice. Because I observe these millionaires we classify as whales pull up some of these figures from nowhere just to sell their name in the news.
Like others have said everyone is entitled to his or her opinion or projections. When you go to a conventional market in countries where prices are not regulated every buyer or seller decides their preferred price. For me, I don't listen to any so-called bitcoin analyst or enthusiast to plan how to buy or sell my coins. Most of these predictions have no explanation or basis to back these outrageous price claims. The majority of these predictions don't even come to pass, only a few happen due to coincidence. Do your research, read from the forum and follow your instinct.
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Whether we predict the price so high or moderate new and more investors will continue to resurface bitcoin doesn't need our high predictions to attract in new investors. A good investor would have to do his own research and know for himself to invest in a project or not and not by what the crowd are chanting.
Using high-price prediction to attract newcomers is like telling them that Bitcoin is a get-rich-quick scheme. It is not wrong to tell people your predictions but referring people to the forecast of some of these social media bitcoiners with the aim of enticing them to invest in Bitcoin is not proper. These predictions are done based on trial and error.
I think Bitcoin's still just a baby in terms of how many people actually use it. I mean, it's been around for over a decade, which is pretty old for a new technology. but most regular folks still look at you funny if you try to pay for stuff with it. and It's kind of like Bitcoins the cool kid in high school who's got a solid crew of friends but hasn't taken over the whole campus yet. For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order. So its young if you're talking how many people use it every day but it's growing up.
For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order. So its young if you're talking how many people use it every day but it's growing up.
Adulthood for Bitcoin would be when its actually normal and common to buy things with Bitcoin, but that'd probably like 20 years out from now. It's still a little kid for now.
I doubt if we can treat Bitcoin as a common currency to buy things because talking about something expensive e.g. gold or stock is still considered as rich for many people. People only think it's normal when we're use fiat, using branded stuffs is also quite normal considering the new generations tend to express their own fashion style. 
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.
I don't like it when people take BTC as only an investment and a tool to make more money for themselves, people who are obsessed with this thought are the ones that make people who don't really understand BTC to think that it is nothing more than a pyramid or money doubling scheme. It is also worth mentioning that you should pay no attention to people who say they are crypto 'professionals' or 'experts'.BTC is volatile and you can make profit from holding it, but it was created to be a payment option, a decentralized and permissionless currency that can be used for payments. It is always important to point out that fact, so people don't miss the point about BTC.
Your logic is quite interesting, but it is what it is. Bitcoin is still young, but many people wants it to be worth a million even before it turns 18 years old, when we can actually consider it a full adult. Although it's just a lot of speculation for some people, for those who actually take those predictions so seriously, they end up getting disappointed if the price actually doesn't get to what they had expected. For me, I accept my faith in whatever outcome I get and am not very bet on resting my hope on one thing. Let's assume that Bitcoin doesn't get to $100k this coming bull market.
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To be precise, Bitcoin is now 14 years old and this is still very young for Bitcoin. -snip-
But seeing the many impacts that occur in the economic sector Bitcoin plays a role as the most desirable digital asset,
Bitcoin is growing well until now with several adoptions made.
People who only speculate about the price of Bitcoin that can reach $1 million or even more because they are too obsessed with Bitcoin and want Bitcoin to reach that price. For me, I don't really expect an unreasonable price for now.
IMO, Saying they are too obsessed which is why they speculate $1 million is like giving an excuse for them, for me it's impatient they are exercising and not obsession. I bet you should bitcoin hit a $1 million price today or in the next bull run many people will be scared of continuing suspecting a fowl play next on.Just $100k if it is really achieved is my first target point.
But if as you said, Bitcoin is not able to reach the ATH of $100k and tends to be below that is certainly not a problem,
$80k-$90k is a good enough price to take some profits.
$100k sounds logical, achievable somehow and if it doesn't we all have to be cool with what price we get, plus or minus we won't be getting a poor price. But if as you said, Bitcoin is not able to reach the ATH of $100k and tends to be below that is certainly not a problem,
$80k-$90k is a good enough price to take some profits.
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