Bitcoin Forum

PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.
https://i.imgur.com/nd17Nrp.jpg

Note that, at the time of writing, Bitcoin is down 7.5 percent and is currently below $ 32,000. The decline in bitcoin prices came amid statistics released by the US Department of Labor on a sharp rise in prices in the United States in June.
It turned out that the key consumer price index jumped 0.9 percent compared to June, reaching 5.4 percent, which was a record increase and was last seen only in 1981.
The decline in the price of Bitcoin indicates that this cryptocurrency, in which many corporate investors have invested, is often seen by them as a risky asset.
However, Gokhstein is a staunch supporter of Bitcoin and has defended it many times. He believes that Bitcoin wants to complete the world economy. According to him, bitcoin is an option for saving.
Gokhstein has also been highly critical of banks. In a recent tweet, he said that banks themselves buy cryptocurrencies while forbidding ordinary consumers from doing so.
https://i.imgur.com/J5Ufeyd.jpg

David Gugstein has also repeatedly suggested to his followers that they use LightCoin (LTC) and DigiBite (DGB) as a means of fast payment. The experienced financier has repeatedly praised Ripple (XRP) and said that those who cash in on the cryptocurrency will one day use it.


Source: https://u.today/david-gokhshtein-noted-the-super-necessary-correction-and-said-the-bitcoin-price-will-reach-80000

First off, other than his prediction being merely speculation, what banks exactly have been telling us to get out of cryptocurrencies? I haven't seen too much coverage on this, and while banks do have it written into their terms of services, that cryptocurrency is a high risk transaction, that isn't exactly wrong. Banks do it, to prevent their customers complaining that they didn't offer the protection, that they would expect from a bank. Speculate all you want, but banks haven't really waged a war of Bitcoin like the many articles claim, in fact hasn't there been positive news over in the USA regarding banks allowing cryptocurrencies or even implementing it into their service?

Funny how he's back at siding with Bitcoin after he sided with Elon and DOGE when Elon was having his Twitter meltdown. Screw that guy.

https://i.imgur.com/Zaj98Rl.png

https://twitter.com/davidgokhshtein/status/1393744417496997890

Good catch. I've not overly familiar with his takes as I tend to ignore most famous people who side with x, and y, but seems like a typical infulencer which will say whatever the way the wind is blowing. I suspected as much when there wasn't any real reasoning to his arguments on why Bitcoin would specifically hit 80k, and it just seems like a figure pulled out of his arse.

So, it seems like David Gokhshtein is just jumping around cryptocurrencies, and praising them wherever he can. The fact that he's praised some of the cryptocurrencies which don't really have anything interesting going for them says it all.

to be honest David Gokhstein looks to me like the classic shitcoin bagholder who thinks just because some shitcoin has a lower price it must have a good future. but he forgets that the shitcoins have been around for many years and have been dumping to reach these low prices.
his tweets are also showing the bags he is holding, it is more obvious when he also encourages others to buy those shitcoins (like XRP, ETH, DGB, etc.) a classic shitcoin pump and dumper mentality.

expect to see more people like Gokhstein and Musk in cryptospace as bitcoin price keeps going up.

Pretty much. Dude owns a media company, so I'm going to assume this coin hopping thing(including this useless price prediction thing) is just one of his antics to get him and his company as much publicity as possible. A really annoying one at that.

While it's a shitcoiner and his declarations are clearly biased, he does have a point: institutional investors are here, certain banks make clear steps towards Bitcoin (and allowing their customers directly into Bitcoin), heck, it's even legal tender in a country, ... and still the market reacts like we're going towards the end of the world.

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

Bitcoin Stock to Flow Model points out a mid-price is about $100,000. It's price at mid line of this bull run. See that model with buybitcoinworldwide (https://stats.buybitcoinworldwide.com/stock-to-flow/)

Mayer Multiple Bands show the top would be higher than $200,000.
Mayer bands on buybitcoinworldwide (https://stats.buybitcoinworldwide.com/mayer-bands/)

$80k, good but not the top of Bitcoin.

we can't understand, will we believe them, because their opinion is just an opinion drive to buy as much as possible or just want to drop while in reality until now the price and value of bitcoin has not changed at the lowest level instead it always falls on the correction market with a higher level than the previous year's correction market

Its a combination of the hash rate and natural occurrence as currencies and this is not isolated to cryptocurrencies but fiat too currencies will always have a natural variance where they dip and rise and when you combine that with things like the global hash rate dropping you are going to see some short term effects however even that is caused by natural variance too.

I hope that what David Gokhstein predicts can come true in the near future, even though bitcoin is currently in a pretty bad trend, it is possible that the price could rise suddenly, especially now that bitcoin is being accepted by the world community as a promising investment asset and also as a currency that can indeed be used anywhere with fast transactions and in various countries in the world, now what bitcoin needs is positive sentiment/news so that it can push bitcoin prices back to the top.

No, the problem with the hashrate dropping is because of Chinese miners pulling the plug, so it's not a natural occurrence, it has drastic effect on the market. But as @NeuroticFish it's slowly getting back to normal range, if I'm not mistaken it even drop for <100 EH/s for weeks.

As for his prediction, take it with a grain of salt, obviously, he has some narrative behind and just like the rest of us, this is just a wild and educated guess.

He's literally a person who is known for being a crypto investor. What else do you expect from him?

The problem with these predictions is that they have absolutely no basis. If you select 100 random people, and tell each one to give you a random number, at least one person is probably going to give you a number that is close to BTC's price in one year.

People confuse accuracy of prediction with luck. This guy clearly has not provided any proven basis for his analysis, and until he provides anything more than the arbitrary narrative that banks are trying to get people to sell their coins, any accurate predictions he may make in the future should be considered to be lucky. $80k could certainly come, but probably not due to the reasons that he has listed.

I think that prediction is a safe estimate because he doesn't seem to want to be wrong with his prediction so he wants it to be much closer to the current ATH. I do hope that you people who say the price should be six figures will make it come true because I am currently hodling a considerable amount of bitcoin in my and I want to get as much profit as I can now that the prices aren't going that wild yet.

It is still too early in Q3 to determine the scenario that ATH is inherently only at 64k or not, we are still in a weak cycle but it is not necessary for it to make a loss.  Can we get to 72k and go straight to $100k, it's a puzzle where removing the high leverage pool before balancing will happen.
https://pbs.twimg.com/media/E5XkJAqWQAI_0g2.png
Source:  https://twitter.com/100trillionusd/status/1411287372956942337?s=21 (https://twitter.com/100trillionusd/status/1411287372956942337?s=21)

the low price predictions is the newbie mentality who have zoomed in the charts so much so that they can not see the bigger picture. it is funny that they were predicting $100k+ last time price was $30k just because it was on the rise but now that price hasn't been rising for a short time they are bringing their prediction down and some even reversed it and are predicting a bigger dump!!!

it shows how random some of these so called "predictions" are.

predictions are sometimes unreasonable and too exaggerated. to be able to go up $ 80k, bitcoin must refuel a lot to be able to fly to the moon. I guess it took a long time to get there.
bitcoin can get above $45k that's very lucky, the fact that every week it rises 0.1% and decreases 0.2%.

I can't say I disagree with him, I can't say I agree with him, this is just a basically known thing that bitcoin WILL be 80k one day, I just can't give time that is the thing. Bitcoin going down and having a correction was a needed thing as well that's true, there were way too many leverages that got so thin that with just one drop rest was easy, all of that 50% drop from the peak weren't just people selling, it was debt getting liquidated like crazy as well, unintended drop to be precise, just didn't had enough money left to get it back up again and that's why we are here.

I believe that we will see 80k, but it may take some time for all crypto world to get together and find enough hype and money to get the price higher again, I personally believe that it may be in 2022 instead of this year, or if it happens this year it should be very late into the year.

I still believe that the price of BTC will pass $ 100k...

every CEO has their own view of the possible future price of BTC but I continue to follow the price predictions from the @100trillionusd Twitter account, his/her analysis is really good.

Just going to add some hopium: though I'm not saying that $100k is guaranteed to happen, always remember that the huge price rise from Q4 of 2017 and the huge price rise earlier this year were totally unexpected.

I think next major leg up will probably peak a bit above $100k in roughly a year, i don't see it only going $16k above the ATH on the next leg up, that wouldn't really make sense for it to go only 25% above the last bull phase. People will get all panicky again at that point (>$100k) and it'll drop back to like $60k and maybe be back over $100k to start 2023. Something like that. By 2024 I'd expect $150k-$200k to be a normal range that leads into the next post-halving boom that takes the price to like $300k-$400k range for the 2025 peak.

What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

By the way, OP must be referring to LiteCoin when he mentions LightCoin.

Didn't know this person also up until encountering this thread.
If this is the same person from this twitter account - https://twitter.com/davidgokhshtein

https://i.imgur.com/y2SVvIP.png

It says that he is the CEO of PACcoin. And if you follow the link of the twitter of PACcoin - https://twitter.com/PACcoinOfficial
And checking in coingecko - https://www.coingecko.com/en/coins/pac-protocol#markets
As per coingecko - it is #287. So this person has interest in bitcoin market because he is involved in one alt project.
And if btc market is going to the positive direction, definitely it is good for their project.
So it is understandable that he will predict a positive market price for bitcoin, which, we all want also.

Basically nothing. Gokhshtein is just a dude on Twitter that has a huge number of followers; and combine that with the fact that price predictions almost always gets a lot of traction from the newbies, here we are talking about him, which is most probably his main goal in the first place.

Now he's known already since he is been featured on this thread and basically I really don't know that guy  until OP mentioned his name about what his price prediction on future, and its so easy to drop some numbers maybe  he just read the price history and predict that his prediction will happen. And $80k is not far figure so if this came then for sure he will claim it that he is right about what will happen to it on future and also for he want a good credits for his name by dropping his predictions  :D.

I see another Elon musk coming up to push the bitcoin news South to North. I understand he has quite a number of followers but don't know how deep his pocket is to drive the price to his speculation just like Elon musk buying and dumping as whale to realize his predictions  ::) ::)

I am hoping that this year's huge price rise wasn't the HUGE price rise though, because if we're being honest 63k still didn't come close to the predictions that a lot of big players were expecting (like this guy Gokshtein saying 80k).

2017 was totally unexpected but most people would say 3x of the old ATH was the bare minimum Bitcoin should do and it's already done.

David Gokhshtein is impatient with his investment, so he expects bitcoin to bounce back quickly, so that profits can be quickly obtained in very large. hence he made an absurd prediction on twitter, to push bitcoin back to the moon. but that I see a fantasy of people who want to get rich quick.

We have a wide variety of people saying different things from 2x, 3x, up to 10x and we also have people saying that we're going to see a drop that's going to range somewhere between 50% to 90%.

tldr; choose not to listen to anyone of them instead. Guessing which of them will be right is like throwing darts on a dartboard.

But I guess that will not bounce back quickly as the price is down too deep and will need time to start increasing.
The price itself will not bounce if people still panic, seeing the price can not increase and back to $35k.
But I am sure the bitcoin price will bounce at the right time.
Maybe we will see much speculation about bitcoin price and we can wait for that and see which prediction will closest with the highest price later.

This is only a prediction that Gokhshtein said to start pumping but I don't think it will have a big impact for now but from next year I don't know what will come from this prediction.
Elon Musk can only change the words of the tweet but this doesn't prove that he fully supports bitcoin just a reliable dog, but it's unlikely to exceed bitcoin, but with predictions Gokhshtein could bring better than bad news.

If only we all have this kind of thinking the market will move forward and have a better price, all he is saying are all true institutions are continuously buying and they want small fish like us to sell their shares so they can have it at a much lower price, don't ignore all these big people are saying if you do you will regret later, believe now or regret later.

Great new for bitcoin and other promising coins, I also seen positivity for those mentioned asset here. Also, I am looking for best plans to own those coins, depends on proper timeline. However, corrections will take place and we should be patient enough to deal with recent situations  before that predictions of $80k or beyond will commence for better.

That man has 400k followers probably that's enough amount to spread the news around the internet.. And if most of them will believe on his view for sure there will be an impact in the market soon or later in my opinion .. Infact he's part of the doge believer as well, so i hope right now they will focus in bitcoin again until bitcoin reach that predicted value wherein no another quick profits like what elon musk did.

Oh yeah, I learnt my lessons long time ago, and have been happily holding. I used to wish I'd entered a lot earlier but I'm okay with holding since 2017 and not wasting anymore BTC on shitcoins. I've avoided defi like the plague so I'm also very OKAY there;)

Happy to let everyone move the markets as they please, spend my tiny btc every now and then and contribute to fundamental economy, and that's that:)

There is a chance bitcoin could reach 80k this year, but I feel like we are not going to see that, just because something has a chance doesn't mean that it will happen, it just means that there is a chance. There is a chance I will be a billionaire as well, but just because I have that chance doesn't mean that I will be.

This is why I really do not think that it will happen, even with a chance of happening I just think that the chance is very minor and the 80k will not happen this year. From the looks of it we are going to get into a stable year, we are going to move between 30k and 40k for a while longer, maybe all year, and then we are going to see some good prices something like 45k to 50k eventually in 2022, and still go down eventually, then we will be able to maybe get a lucky situation going on in 2023 where the price could be 80k and even more.

Don't wish anything from these influencers, they only care for their portfolio and not yours. They want to hype the people because they have been staking on to something and they want to make money out of their followers, I say we just watch out and see what happens or at the least invest in the coins that you think they are going to support so you can cash in when they try to do a pump and dump.

I haven't checked how many followers this character has (some say 400 000), and I believe you will agree that this is a real trifle compared to Mr. Mars's 58+ million. I dare say that its impact is quite insignificant regardless of all followers (I bet he has at least 10-20% bots/fake accounts), and it is clear to everyone that he uses Bitcoin only as bait for what he actually promotes - just read the OP and everything will be clear to you.

I am also hearing about Gokhshtein the fake Einstein :D but he is only having 405K followers than the dreamer Mars man who always play with the market. From what i think he wanted publicity talking about Bitcoin and he got that fame and now we are discussing about him in the forum as if he is some saint who predicts the market  :D.

One silver lining I see today is that unless the "influencer" is shilling some ultra low-cap coin, that so called "influencer" can't pump up the prices of certain coins with ease compared to how much influence "influencers" have over the markets years ago. Unless it's Elon Musk, of course. People on Twitter will pretty much lick his boot forever.

I just hope that I can cash in during his manipulation of his followers, remember that these manipulation can be useful especially with that amount of followers, I think that amount can cause a significant amount of movement in the market.

The biggest blame for that is, of course, on those who paid attention to this news - mostly on the OP that posted this on the forum, because I personally and probably 99% of all forum users have never heard of this expert. Today anyone can speculate on the price - we’ve seen this through the past, but only a few were somewhat right - besides, there is no great wisdom in such a statement “Bitcoin price will reach $ 80k” when it’s just a matter of time when that will happen...

I guess those whose trust in Bitcoin has been shaken appreciate this kind of news as an encouragement, which means that every artist has their audience, no matter how meaningless and bad they were in their performance - it is important that the show is not charged.

He has two great tweets about urging people to buy more Bitcoin but unfortunately, it doesn't have an impact on the market Bitcoin is still moving down and the price is still struggling, maybe the Dorsey - Musk meeting is the one that we really need for the market to pump again, I hope the meeting will deliver something big for the market.

That is the scary thing, there are tons of people who rely on others to make bitcoin go up, a tweet, an interview, even advertisement somewhere, look at Mclaren f1 they have two! So basically we are expecting marketing to be done on crypto for some reason, for ten years we didn't do marketing, we just made a lot of money and that is what our marketing was and that is what we could have done and nothing more, and for some reason people are thinking that marketing is the way now.

This is crypto, you buy it, you hold it, you make profit like you can nowhere else, that is all the marketing you need if people want to get rich then they will buy crypto or they should not be interested at all, let them be out. It is scary that people believe about the crypto situation, and if people do not give these people power then we could all by ourselves can do it.

Full of positive thoughts I've read lately, though it makes me feel great but that's in reverse to the real situation of market price right now. As of the moment, btc goes down at $31k yet the signal on blockfolio is red now and I don't know how to figure this out how that $80k speculation came to that certain point. Let's see what will exist soon, honestly stating a specific figures of value was really the hardest thing right now.

The level of $80k may still be far from the horizon, but the possibility is always there. Everyone can make their own speculation but sometimes we need to be realistic with the current happenings in the market. Before we reach the 80k level, there should be very positive news in crypto that will change the current path of bitcoin. With countries trying to integrate btc or crypto in their system, hoping for higher price is not that impossible. However, we don't know when will that happen again. Just prepare your portfolio for unexpected happenings in the market.

If he or anyone else predicted that the price would reach $80k it will reach in due time, even i can predict any valuation which is hundred thousand and we will reach those valuation irrespective of the current market situation because every four year Bitcoin controls its inflation rate in the form of halving and that reduces the number of coins mined on a daily basis and these factors alone will push the market higher in the long run but to predict exactly when these valuations would reach is another mystery but we will reach them eventually and we do not need any mystic predictors for that  ;).

TA is your friend if you want to predict the price but it's not guarantee as well.

And it's very obvious that maybe this guy has some bitcoin and he wanted to predict a good price because as a holder that's what we wanted to see right?

$64k last previous high, so $80k is still achievable although the market is not really doing good in 2 months straight now.

I don't see what either of those two could say that would have a positive impact on the market, we all know what their attitudes are towards cryptocurrencies. If anyone thinks this will make a positive difference, then now is the time to invest - but I personally think this time of year is simply bad for risky investments like Bitcoin, and that not much will change in the next month or two.

Yet given how the media affects people, it is possible that some crazy news from that meeting would result in a sharp rise in price - perhaps if Mr. Mars says "I'm investing $10 billion in BTC" ;)

It would be interesting after Bitcoin bottoms out and moves back to $60k. Then people will think it will fail at that strong cap, strong resistance. The crowd with many gamblers will go with short positions, with small or big leverages. They all will be rekted by the market and whales.

It is what happened when Bitcoin tried to test the $20k resistance and it broke that cap very easily.

The decline in the price of bitcoin in the last 3 days has really scared a lot of people, especially now that the price of bitcoin has fallen below $29K and even that price has fallen almost half of the highest price of bitcoin so far, the current price decline in my opinion is just as price correction before the highest price level will occur again at the end of the year, but even so I believe that the price of bitcoin will return to the price of $45K-$50K by the end of this year.

I have to say I did about the same but I did get into DeFi craze as well. There was a lot of money to be made and there were a lot of money to lose there as well. I did invested about 2k which was ALL my cash available at the time, meaning if I lost it then I would have nothing left (just bitcoin investment left), I have to say it was long time ago, probably 6 months or so already. What happened? My 2k became 12k at one point, I imagined it would continue like that, then it crashed and burned, I got out at 2k again because I didn't want to lose money, so at the end I still had 2k and didn't lose anything and was lucky but many people ended up losing way too much money.

So, I have to say it is not something horrible if you got in at the right time and got out at the right time, but there were also a lot of people losing tons of money at the same time as well.

For many (including me) it looks like it's much easier to lose money there than get profit. But if, on long term, DeFi proves itself as something indeed good (clearly risky, but it that can be manageable), it may even help Bitcoin pumping to the sky.

When will that be? If we're talking about this current market or halving effect trend, I will tell you to quit your dream cause it won't happen this year anymore and the next phase we should be expected and be already for is possible blood bath market.

The only advice I will give you about this is to be careful because these people (crypto CEOs/influentials) sometimes make prediction just to encourage the investors and every prediction that was done using TA/FA are not always accurate.
Dyor

I agree this is an open market although we have whales controlling it we are left to decide how and where to invest and who we listen to, some of these influencers are just leading you nowhere, you have the market, the fundamentals, and the news within your reach, analyze all of this and you can come out when and where to invest your hard-earned money, but of course only invest what you can afford to lose.

80K speculation won't happen immediately you open your blockfolio app, it is speculation so there is no specific time it will occur, the only thing to be noted is probably something that will happen before 2022, from now till year end you should expect to see the price reacting towards predicted amount or less.

So we are only 50k more before reaching that goal? wish is will be that easy to achieve but i doubt that at any point 80k will happen this soon.

Bitcoin must break 40k first and stay a while , then climb to 50k then 60k , after that will break the recent ATH of 64k before finally hitting  70,000 Usd value.

The whales are no longer the market controllers but they are the manipulator while the institutional investors are the current controller. Having said that, according to the research did by a market trend examinator Willy Woo the major buyer/accumulator in the market are ordinary people who have at least 0.1BTC to 5BTC.

This will never happen because 95% of all crypto investors are more into profit than the technology not to talk about doing research.

How do you know what you are saying about whales? I think the whales will forever be mostly the exchanges. I have no clue, but I am quite sure that the five biggest exchanges control the vast majority of BTC by now. Just look at the volume and how many BTC they cash in on a weekly basis. Multiply that by 52 and you know what they could be sitting on. Low operating costs, almost every trade sheer profit. If they stick their heads together, you have a real round table of big fat whales.

1981 was the tail end of a period of large inflation in the dollar and it relates to now probably quite accurately, however we have more to come and there is continuing trend of dollar devaluation and probably instability.

Its questionable if crypto succeeds, thrives or dies in such troubling times, if they get worse it does cause failure no doubt.   There is a certain loss to inflation from the failure in efficency and that represents something also of an opportunity for new monetary standards but it can also just mean a simple change from west to east or various other alternatives to FIAT debt such as commodity or trade based currencies.  Crypto doesnt have to benefit and not sure speculation alone raises us to 80k, not this year so soon imo.

But according to the link there is no specification of time frame for this 80k Price , meaning this can happen this quarter, this year or in the following years things that we surely does.
because from 20k from 4 years ago it breaks 64k then what more for the next 4 years? maybe bitcoin will reach 200-300k?
But if this prediction is for 2021 alone then I might say unless Bitcoin made a comeback this 3rd quarter? if not then maybe the growth will be expected in the next 3-4 years again.

I am not going to say it Is going to be easy to hit those numbers but I have to say it is not impossible neither. Remember bitcoin took nearly 12 years to hit 64k, but it also took about 3 months to reach from 30k to 64k as well, so it wasn't really that hard to reach those levels, it is actually quite easy to reach those levels bitcoin is in a bull run.

So, this means that we may not end up hitting 64k again for a year or two if we do not have that kind of bull run, or we could hit that in under 3 months if we have a bull run, the point here is that same numbers and same increase could happen either in 3 years or in 3 months is a big thing about bitcoin and how it is volatile while being stable otherwise, it Is not always volatile, it is only volatile at certain times and it Is probably not volatile at all during other times. I don't know which one we will have now.

It's funny that when the price was going down a lot, all analysts and famous people kept saying that the price would go down a lot, they were all peximists, and now that the price is going up a lot, everyone started to appear again on the news channels and on social networks to say that the price will go up a lot, it seems to me that we will always see this same cycle:

price drops = everyone makes very negative forecasts

price increases a little = everyone shows up to make very high and exaggerated price predictions

and the cycle will continue for many, many years

It feels like it has been that way forever. The best choice you have is to mostly listen to yourself. I think in crypto it is even more about yourself than in other markets, for instance like in real estate. Real estate is so nontransparent and complex in a certain sense that getting an expert opinion can't hurt. When you grow up with crypto and you put some effort into it you most likely have sufficient expertise to really rely fully on your own judgment and the information you can gather on the internet.

How do I know what I said about the whales? Although, I hear through a source that know/tell the what the whales are doing, the market itself tells the story to be truth and the news about institutional investors also prove it.

That don't mean the whales don't play their roles as the whales but institutional investors are the major market drive .

The market is nothing more like a mountain, when it goes up it goes up, when it goes down it has to go down.

When the wheels go down you have to prepare the brakes so that they don't burst and when you go up you have to put up barriers so they don't fall into the abyss.
David Gokhshtein says Bitcoin Price Will Reach $80K, maybe he has seen some high mountains and needs to prepare some fuel before flying.

That is how it happens, there is manipulation in the market which means when the price is about to go up, they are trying to convince you to sell your coins so that they can be the one who profits from going up. That is just how it is for a long time.

I have been checking the markets and what people say for years and I can easily say that it has been like this for a very long time, not forever but for a long time, it started around after 2017 peak, whenever too many people start to say price will keep going down, I realize that it will go up, that is just too obvious now. We have increased a whole 10k in the past week, if you ever said it will go down during 28-29k price period, then whoever said it will go down should have 0% right to ever make a prediction again, and just watch and you will see that they will keep on making some more predictions that will turn out to be wrong.

I somehow disagree. Even though price of BTC were going down, many speculators and analysts predicts that it was just a correction and probably be returning in its ATH again. Price manipulation is really a thing but for those who truly hard core bitcoiners these aren't big deal. These are just a mere speculation and spread FUD through entire social media just to amplifies the current situation and earn more from it.