Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: upyem2k on December 09, 2018, 07:12:20 AM



Title: Fallacies all the time
Post by: upyem2k on December 09, 2018, 07:12:20 AM
I don't know where people get the predictions they make about cryptocurrency and the base of their description. Early and middle of this year 2018, all we could read was how bitcoin will be $40,000 in December and how Ethereum will hold multiple value of a single bitcoin. All those times, I just wonder where all the craps were coming from.
Some people will just wake up at the comfort of their bed and come on the forum or any other platform and to make their wish appear like they have seen something that makes it possible for their wish to be a valid prescription and many newbies fall for it which results in them losing a whole lots of their hard earn money.

Cryptocurrency investment remain most volatile investment and every investors should be very careful. Yes, it is true that a positive turn around can happen to one's financial life through cryptocurrency investment but no one could the time. Nobody knew the price would skyrocket in 2017 when it did. And no one saw the fall in the general price as we see today.

We all just have to stay calm and do our business if we want to. Nobody should just come and make useless prediction that cannot even be based on any point.


Title: Re: Fallacies all the time
Post by: BitcoinHodler on December 09, 2018, 07:18:51 AM
it is always easy for some people to get overly excited about bitcoin and start making emotional speculations about its price which is also then extended to some of the alt coins. for example when it was rising towards $20k they were expecting much higher prices.

similarly they are doing the same today too. they are getting overly excited and speculation unrealistic low prices for bitcoin now!