Topic: What was the most deceitful speculation you ever fell for (Read 487 times)

Well you must get through that kind shit to get a real lesson , now you know and we are all do.
It's a bit better to accumulate the whole speculation trend and choose which one with the most talking one and you go for it , not a real good one but at least it's slight better than a wild speculation at once.

We are all fall for it for once in a lifetime.

If bitcoin did not reach 60k back or reach 100k other coins will not approach to that level, I'm seeing the good in Bitcoin that the speculation give power to other coins which is correct from what i have notice so far, any other altcoins is in the back of bitcoin, Shiba to day is in the bad condition and if bitcoin start growing now ecery of them will start adding weight which is abnormal

I will go back to 2018, everyone says that bitcoin will go to $50k at least bare minimum after hitting a all time high of almost $20k in December of 2017.

Everyone was feeling very happy that time, I was just a pup back then but was led to believed that 2018 will still be huge for bitcoin market. But a good lesson for me specially the bearish cycle, make me realized that crypto is very different from the rest of traditional markets. Anyhow, it needed another cycle in 2021 to hit $50k or more though.

Joining a pump and dump group in the good old days (long long ago) and finding out you were the only sucker
Was only a few hours of mining profits but I learned my lesson...

That's why it's called speculation because we speculate the price and not to believe it because this is how the market works. So next time you might want to change your approach every time you read an exaggerated thread about the price of what would be the next possible price just look at the chart and do some TA to confirm the possible future price.

If you keep doing this shit believing that every thread/post your read is true or possible then you might be easy to play with the whales.

Probably fact that there was a token called Swipe(sxp) and that was in a business deal with Binance as well. So, when you look at it, they are basically a small exchange all in itself plus has a card which you could use it in many places as well and provide digital purchases with like a debit card type of deal.

So, I assumed that that would be a huge deal, because Binance was basically partnering with a company and a project that would make a debit card and a great small exchange basically, and the price would go up like insanely. As we have seen, it didn't and it is not doing good at all. This is why I was just overhyped about binance deal and lost money there.

Buying more bitcoin depends a bit on your budget as well. For example this month has been an exceptionally bad month for me economically. We spent a lot of money from the credit card with my wife to survive. I do not usually have these kinds of months, I am usually handling my finances well, and even paid off my debts recently and had none left.

But this month, even though we didn't do something weird, it became a bit of a problem and we are just barely surviving. All in all if you have the money for it, you can invest but for the next 2 months give or take, I will not be able to invest, and the earliest will be 1st of august, and we all know price won't be 30k by that time.

Although in the future $100K may be a big reality for bitcoin history, but now I agree that $100K speculation is the most deceptive thing during 2021 to the end of May 2022. Obviously it can't be justified based on the facts, but because all investment decisions are made on based on the willingness and awareness of investors themselves, they are also not to blame.

So far $100K is a dream that is expected to come true in the future, not this year in my opinion. If bitcoin never drops lower than 2017 ATH again, then chances are we will earn $100K after the next halving.

Holding bitcoins at times like these is fine but we can also buy more bitcoins at this time as the price has dropped too deep from the last ATH. But before we decide, we better analyze how the market moves and not just follow the analysis of other people because their analysis is not necessarily correct. While we are analyzing, we can pay attention to where the market is going to help us make decisions. But still, be careful if you want to buy at this time because the price could fall even deeper. So you should prepare your money to buy at the lowest price.

Bitcoin going to $100K is one thing but believing that certain alts such as Doge going to $5 or $10 that is even more crazy.

Bitcoin at least came close to $100K, went 69% of the way there. But doge hitting $10 is just impossible. Even at $1 a doge, it had like $500Million worth of sell pressure every month due to the miners.

OP, those were speculations and don't forget that each crypto is a speculative asset and that's why we're giving prices and numbers and it's very typical on this market.

I am one of those people that have believed that bitcoin shall hit $100k last year but does that goal stopped just because it didn't happened on that year? No. I'm still hopeful and just waiting for it to happen.

There's nothing to lose if we're setting to that price because we all know that someday bitcoin's going to be there due to valid reasons and factors.

Yep, Bitcoin to reach $100k is surely the most deceitful speculation. It looked very convincing since many experts or experienced speculators stated it many times. But finally, I know that it is just the way to make people continue to buy Bitcoin even at the high rate because they think the price really will hit $100k. BTC made 2 times ATH in 2021, it should be a sign that will be no longer another ATH. But since many famous people or top investors stated BTC to hit $100k in November-December 2021, people never felt worried and continue to buy although they know bullrun will be over at the end of 2021.

Dont blame anyone else, its self deception mostly.   People believe in fixed targets and prices for BTC when we have no dam idea what they are doing to Dollar and why hasnt it fallen apart already.   There is no certain outcome so how could anyone know for sure a certain price in the future.   The bigger and better question is does it really matter, consider BTC by itself not what its passing in the rear view mirror.
   All these round figures especially, its like a reverse magnet it repels as well as attracts.   If you do speculate and trade like that dont wait for 6 figures because it will certainly sell off before that point many times, people jump the gun and sell out thats how it all works.  Today there is nothing stopping a future price occurring even as high as this, this fall does not negate that future event but when I dont know.

@Zilon, maybe I've seen and heard crypto users or speculations like you said, but I don't believe in such a thing, maybe I'm not careless in my imagination.

However, regret speculation for me exists, it happened to BNB and XDC coins, I am very sorry, at that time BNB was at $14 while XDC was at $0.0007, why did I not believe their speculation at that time, just try it if i believe what they say every coin, i put it up with a capital of $1000/type of coin, maybe by now I've become a lucky person, that's the thought that I really regret until now.

Seeing the price of bitcoin which is now almost half of the highest price it used to be, of course holding is the right step rather than having to sell it at a cheap price, many of us are actually trapped and consumed by the analysis that continues to circulate today, making us take a hasty attitude including have to be willing to suffer losses by believing bullshit that says bitcoin will die, I personally have so far remained to hold the bitcoin I have because I believe the price of bitcoin sooner or later will back to recover.

Waiting for the price to rise in the future is the right decision, especially if it's about bitcoin because bitcoin has a greater chance of growing higher than altcoins. But unfortunately, we don't know when the price will go up and can only guess. I hope we can control ourselves not to be greedy when the bitcoin price rises again because we already know that once the price reaches a new ATH, it can drop back to a low price. So take your advantage before the opportunity is gone.

That Bitcoin will cross more than 20k last 2017 , I bought 1/4 of my funds at 16k and sadly the value drops even before reaching 20k and that is what i was deceived though it is my own greediness that fell me there lol.

Now? never that I believe this to come , instantly instead I can wait for long term and not to take that attitude again.

Nope. This time I already realized BTC destroys altcoins in the end. Its value in USD may go up particularly the old coins but its satoshi count will decreased tremendously like it did back in 2017. The satoshi still is the one that makes its value high but once BTC goes up and altcoins price don't, you will come to see its satoshi count deceased.

We fell for speculations because we tend to be faithful in the beginning.

I can feel you mate , because I myself is one of those who had been deceived because of those word, and yes until now? i still deceived but of course since i am big in Bitcoin? after years i still gained my wishing .
but if people are tend to keep holding and not to sell quickly then you will be a chance to gain hugely and that is what Holders gain over time .

I cannot give a  time now because of my years here in crypto? there are plenty that i have been deceit and I use those as my learning process .
without those ? i will never learn from my mistakes and that will definitely change my views in bitcoin if not happened.
so we should be thankful because of deceitful speculation as this teaches us how to be knowledgeable and how to become more aware of the situation and changes .

"There will be more pump so hold on guys don't sell your bags" this is the word of other people mostly deceive us and now I'm already aware on this kind of hyping since I already lost a thousand of bucks from believing on those people. Now its best for people to do their very own analysis so that they can determine whether its good to sell or not and they will not get brought by people who tell you that because all of this are purely deception.

I don't think this is a scam but the predictions and analysis are not strong enough so we take a high price and fall not only you who did that, I personally also bought bitcoin at a high price and now I can only wait for the next ATH because this is not a mistake but a patience which will be worth in time

I did not fall for it. But as far as i remember, one thing that i became a victim is that putting some of my funds into dogecoin before hoping that its value will continue to increase and won't easily drop and lose. But i guess that losses was destined to happen because i started to become more greedy and was not able to control myself anymore. I just put my funds without even considering that Elon was only a mess and that same goes for dogecoin too. Now i've learned my lesson and i won't put myself again doing the same mistake.

It's true as long as we haven't sold the Bitcoin we have, even though we bought at a high price and the Bitcoin price is now down quite deep.
We cannot be said to be at a loss, because we can still make a profit, if the Bitcoin price finally reaches the target we have set. Therefore,
we don't need to panic by looking at the price of Bitcoin, which is currently still very difficult to rise again above the $30k price. Moreover,
we know that the popularity of Bitcoin continues to increase and the demand for Bitcoin is also very high. That means it's only a matter of time
before the Bitcoin price goes up again. Therefore, when deciding to invest in Bitcoin, we do have to be patient, because indeed generating profits
from Bitcoin cannot be instant.

You are not alone there. A lot have come to believe that bitcoin will surely hit its new ATH at $100k but it ended with a bear price. The reason why i never sell most of my coins when bitcoin hit its first ATH because i firmly believe that bitcoin will certainly end up with a new ATH before the year ends. However, not selling those times does not mean i'm losing either, but those who bought bitcoin when the price at its peak price and resort into panic selling afterwards, those were definitely end up in a huge loss.

Well that has been the approach to that $100k prediction isn't it? the next bull run will give us that amount minimum and yet in the height of the run and upon reaching all time high of about $69k, the obvious target is that 6 digits.

But it didn't happen making a lot of people sad, but they we shouldn't put to much expectations in the first place, let the price moves into it's normal pace and then we see where it will go.

There is nothing wrong in dreaming high but to end up and calling yourself a victim for the fantasies you had is a bad thing when the market did not reach any values you dreamed in a short period of time . Every Dick and Harry can predict any valuation without making any sense and if everyone starts rallying behind them, who is to be blamed. Be realistic and then everything will be fine  .

Realistic approach is, wait for the next halving and then see whether your expectations are met .

Even if we did our own research, many of us will end up agreeing on that speculation and there are even some that speculates much higher than that. The prices speculated for those coins are still realistic, that is why many agrees with it.

It may not happen on the exact date as what they speculated but for sure it will happen on the right time, maybe next few years or so? Again speculators expect the same thing for this year but I don't think it will occur based on the market situation now which is pretty complicated. We should not blame the speculators or ourselves from believing it and it's totally fine if they don't occur because it was only a mere speculation anyway.

I would be very happy if bitcoin could hit $100k, BNB hit $1k before the end of the year because that would allow me to sell most of my bitcoin and BNB at that high price.
I think people still have high hopes of seeing bitcoin go high again and that makes them prepare themselves more by having more bitcoins and BNB and other potential coins.
I do not speculate or have any forecasts at this time and tend to just enjoy the market movements that occur.
But I also keep trying to buy low and sell high because I see the potential to trade still available.

I guess people like you just simply never actually bother to read posts and threads, and titles,,, This is about the most deceitful speculation and we are literally sharing stories of people who said 'can never happen' 'impossible' or 'worst thing' and you have just yourself come out and said something along those lines.

Impossible is not a word in crypto.

That is why until now bitcoin is still holding on at $20k because it is impossible for bitcoin to drop to 70% because it can be said that the worst thing will happen after 2021.
And when this inflation ends we also do not know.

I've only ever invested in Bitcoin. I haven't touched any stocks or altcoins. I've shown an interest in certain altcoins, but not your typical ICO's. Mainly those that have interesting technologies. Although, they hardly ever make it, since people prefer meaningless hype, and promises rather than actual functional, and logical ideas. Although, Bitcoin was definitely the exception there, but at that time it wasn't competing with a million other options.

I mean I technically withdrew some Bitcoin Cash, which made me absolutely disgusted even if I didn't willing fully invest in that, due to the hard fork. Still though, felt disgusting. While I definitely didn't fall for it, I'd say that's the most deceitful thing I've ever witnessed here, mainly because of the politics outside of it.

Inflation is definitely forever . I do understand this was probably sarcastic, since I'm not convinced you ever fell for this. Although, maybe inflation will become a thing of the past, at least somewhat. Bitcoin is deflationary by design, and if Bitcoin were to ever replace the current money system, we could technically potentially eradicate the problems associated with inflation or at the very least mitigate the rises. Obviously, Bitcoin replacing the current money system probably is rather unlikely.

Majority do share up with the same impression and belief or hopes which those numbers are been the common point on which the community do really look for specially on that FOMO state where
everything is really rising on where we do really have that impression that we might push up with those levels without even thinking about next-in-line kind of correction or sell-off with the
market which could really make the situation totally opposite on what we are projecting in our mind which is something that cant really be avoided.

Xrp did not reach 10 dollars but it reached over 3 dollars. You will still end up with a nice profit if you sold on that price but unfortunately you didn't because you became greedy, which is also normal for newbies and this is also the reason why they enter crypto, not because of the underlying technology but because they hear that you can be rich with it. No one would tell you what to do because that was yours investment, not them but if you have a friend, relative, or someone that is close to you and it turns out they know crypto better than you then you are lucky because they could warn you if what is coming ahead. People that are close to us are concerned especially if they are also the one that recommends you to join crypto.

You are actually right with this. Old coins have more potential. If you still have the xrp with you, you can wait and maybe soon the price will reach 10 dollars or more.

"Inflation is temporary."

No because speculation should have some logic behind it even if that logic is based on some pseudo-science like technical analysis but still there is a reasonable argument behind expecting a certain market movement.
For example you speculate that because China (really) banned bitcoin mining in their country there could be a panic and people sell their coins hence decreasing the price. That's logical.

Manipulation on the other hand, is pure fakeary. For example the manipulator lies to the sheeple following him to buy a shitcoin because he is fooling them into believing that shitcoin is rising. If the sheeple believe him, he makes profit. There is no logic here.

I thought we would get to a new ATH by last April, but I was wrong about that and then the price rebounded in reverse during the previous days.
In general, it seems that we will not have a new ATH this year, so we should be more realistic about predictions.
As for the price of altcoin, its price is zero and is only suitable for short-term investment.
It seems that Ethereum, which was an exception, is moving towards that classification.

That was definitely a weird period. There were tons of projects that made so much return that people started to invest into silly stuff. That is mainly caused by people making profit with other things, so when your bitcoin goes 2x, or even 5x, that means your 1k becomes 5k and people start to use that profit by investing into something silly, which makes no sense to me but people do that all the time during hyped periods.

This results with people having some tokens that worth nothing, but they just gave it a chance. Just watch, if the market goes up enough that bitcoin becomes 100k one day, there will be plenty of useless tokens people invest into all over again.

Never below 40k when ATH was 68k is kinda dumb of those people to post such things,,, but I guess they all are hiding now  . We all know BTC can fall to almost 80% away from ATH once the bear comes but that is worst case scenario, which is why I thought 5k was very good as it was just over 80% from almost 20k back in 2017.

Even if Bitcoin never falls to 70% anymore that is still just below $20k.

For me, the speculation of Bitcoin and BNB could come true, but in 2021 it didn't work out, so many people said it was carelessness, even though I believe that their potential is very high.

About Doge and Shiba it's very reckless with excessive speculation especially Shiba wanting a penny, even I bought it when the hype but now it's all back to basics again it's the same carelessness on coin memes.

My assumption is that Bitcoin, Bnb and ETH are possible to hope for.

In 2016, many were speculating what XRP will be worth and because someone were saying it could become $10 I spend the 200$ left in my account to buy as much as I could while its less than $0.10. Its the first time I experienced the bull run in crypto so yep was excited to see price goes high. Nobody said I need to dump when bear market starts. I still expect the $10 whike the price is dipping for months.

I fell for it because XRP was also an old coin. I thought the older the coin, he higher its price will be.

I don't see any speculation that bitcoin will cross $100k in 2021 but for me it's more of a wish for everyone and every wish may not come true. As we all know, the bitcoin market is speculative, meaning it may or may not be achieved. So as an investor, you must be smart in analyzing the market correctly.

I cannot call that $100k prediction as deception since most provably many people are just guessing for that figure to come out as many other didn't expect how far bitcoin reached at the very moment. What I think is the biggest deception I see is on LUNA where many people hype it up and telling that this will pump since dev doing some good counter actions toward the incident happen to them, but we still see that the price continuous to drop so bad.

I have believed in a number of this kind of prediction or assurance. Just recently, I remembered even known people would post on their social media accounts that Bitcoin's price wouldn't be falling below $40,000 or $50,000 ever again. But not only did the price of Bitcoin fall below those levels, it even went down far away from those. Even myself thought days ago that however bearish the market would be, it is almost impossible for the price to fall below $30,000. But it has.

Ah yes the good old ICO days where $hitcoins promise so much but fail
to deliver^{nothing much has changed}. So many people spent precious BTC
on useless projects, only a few were quick enough to offload at the right time.

So yea I ended up being a "bag holder" for some $hitcoins which I liquidated back
to Bitcoin ^{at a loss obviously}

In my very early days in Crypto I was deceived into thinking a "high yield interest program"
HYIP was a sound move, obviously lost on that and learned a big lesson too. Not really
speculatory but was naive.

I cannot remember exactly when, but in 2018 or 2019 I guess,,, thinking it would never be possible for Bitcoin to go below $5k ever again, especially when we spent long long periods near 10k, everyone said accumulation and consolidation for almost 1 year and I believed it.

You imagine how I felt in early 2020 I honestly thought I was going to lose everything.

I have never fallen into any deceitful speculation in my life. Maybe I'm pretty skeptical about everything and everyone.
I remember some guy writing about Ethereum hitting a 10K USD price a few years ago. I kinda believed him for a while,but I changed my mind pretty fast.Back in 2017-2018 I believed that the GRAFT coin project will have a great future and the Graft coin will increase it's price.
Right now,the GRAFT coin is a dead shitcoin with a 1K USD market cap,AFAIK. I'm glad that I haven't bought any GRAFT coins.


Aren't speculation and manipulation basically the same thing?Creating hype and demand about a financial asset and selling pieces of that asset at a higher price after a certain time frame.Manipulation is deceiving, isn't speculation deceiving as well?

I think this is unfair. Bitcoin hitting $100,000 in 2021 was the most deceitful? Not only do I not agree with it, this is somehow inconsiderate. Bitcoin in 2021 became so bullish that many were really thinking that Bitcoin could reach $100,000 within that year. Was it deceitful? Not really. It was a reasonable expectation which was born out of what was happening. The laser eyes movement was supported by a lot of respected Bitcoin fans.

Another reason why this is unfair is that this Bitcoin bullish speculation was possible. If you really want to hear the most deceitful speculations, go listen to altcoin projects promoting their ICO, IDO, or existing tokens. They're not only deceitful, they're horrible and out of reality.

Might be when I first started crypto? Though I guess that was just mostly ignorance and being dumb on my part. I had a shitcoin that I got from a bounty as reward and believed it would go to the moon due to the people on the thread talking about it like that. So me being the stupid ass I am, believed it and also spent my savings (it was small, but it was all I got back when I was beginning college) to get a few more coins. Well, as we all know, shitcoins don't end well.

Someone telling you a shitcoin is going to pump to an arbitrary price is not a speculation, it is manipulation to create a pump so that they can sell their bags and get some of the money they've lost due to the previous dumps back.

As for bitcoin, if you are buying it so that it reaches X dollars after Y days then you are already doing it wrong and you are deceiving yourself.

Looking back in hindsight, I don't think I really fell for anything like super deceitful. The speculative assets I bought in the past that ended up really really bad was 100% really dumb to start with, I was just being too blinded by my greed.

With crypto it was probably ETH promising to go POS back in Summer 2016. I was looking to expand my rigs and buy a bunch of the upcoming RX series GPUs.

However with POS around the corner I wouldn’t want to get stuck with all these GPUs which I would have to unload at a loss when it goes POS.

Now 6 years later and still no POS.

Actually I never fell but have heard a lot and yes like yours it is the 100k USD value for bitcoin that we still seeing until now 2022.

But i have been fell for some wrong speculative in which Ripple will be reaching 10$ couple years ago and what happens next? that time when Ripple was delisted in Many exchange because of the case they are facing in US Security and exchange commission lol.

I wouldn't say deception but people are shouting that $100k would be hit last year and most of us believed that will be the case.

Specially if we are going to look at the prediction modelling that started it all, and it seems we are on target after hitting all time high in November and it seems it will come true. However, we all know what happen next and now we understand again that bitcoin price prediction is very difficult.

Mine was Bitcoin hitting $100k before the end of 2021 and BNB reaching an ATH of $1k  at the same time. I don't want to mention that of doge coin surpassing $1 and Shiba inu making it's way to 50cents. I think many fell for some of this careless speculations and relied solely on it neglecting our own research in which i too was a victim. What speculation did you fall for