… think the people who make posts or comments like “BTC is going straight $30k this fall” or “BTC is going to skyrocket next month” just sound like complete morons??
You can get some insight from past trends sure.. but that doesn’t mean that those trends will continue in the future.
What people fail to realize is that the graph of bitcoin over its entire history is really a graph of everyone’s emotions and willingness to buy/sell at a current price point, given current market conditions for the time.
As attitudes and sentiment change, so will the graph and behavior of BTC. With more big money getting into BTC, the behavior of it will change significantly. But it’s really the behavior of aggregate people all over the world, which is driven mostly by emotion and confidence (or lack there of).
So the people who claim to know where it is going at anytime just sound stupid to me. That’s all
Posted by d1rtball
4 Comments
Any certain about supply and demand actions of other people is idiotic even when people guess right.
Always anything can happen, up down sideways
Only neewbies believe markets are predictable
You have odds, only.
I wanr BItCoin to go to 2007k 🤑
Ok so nobody knows.
Only way to repeat some Pattern is every supply and demand conditions were same.
We have STRC now